Outcome of Board Meeting dated May 13, 2026
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Permanent Magnets Limited reported audited standalone PAT of Rs. 20.39 crore for FY 2025-26, up 34.4% from Rs. 15.17 crore in the previous year. Standalone revenue from operations grew 13% to Rs. 225.46 crore. However, consolidated PAT declined 6.2% to Rs. 14.77 crore (vs Rs. 15.75 crore) because its subsidiary Quantum Magnetics Private Limited reported a net loss of Rs. 5.62 crore. The Board recommended a final dividend of Rs. 2.20 per share (22%). The company also received an unmodified (clean) audit opinion from Jayesh Sanghrajka & Co LLP, though auditors included an Emphasis of Matter regarding an interim stay by Bombay High Court on a winding up order from 2015. Additionally, the Board approved increasing borrowing limits from Rs. 100 crore to Rs. 300 crore and altering the MOA to expand business scope to include metals smelting, rare earth magnets, and motors.
The standalone results show strong profitability growth which is positive for shareholders, but the consolidated picture is weaker due to subsidiary losses. The tripling of borrowing limits signals potential expansion plans or increased debt needs. The ongoing winding up petition, though stayed, remains a risk factor requiring monitoring.