Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Permanent Magnets Limited met on May 23, 2025 and approved the audited standalone and consolidated financial results for FY25, both receiving unmodified opinions from statutory auditors M/s. Jayesh Sanghrajka & Co LLP. Standalone revenue from operations was Rs. 199.54 crore (vs Rs. 201.47 crore last year) while standalone profit after tax fell to Rs. 15.17 crore (vs Rs. 22.74 crore), with EPS of Rs. 17.63. Consolidated revenue rose slightly to Rs. 205.05 crore but consolidated PAT declined to Rs. 15.75 crore (vs Rs. 20.20 crore). The Board recommended a final dividend of Rs. 2 per share (20%) on equity shares of Rs. 10 face value, subject to shareholder approval. It also appointed Dash Dwivedi & Associates LLP as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), re-appointed Shri Sharad Taparia as Managing Director for five years from April 1, 2026, and approved doubling the authorised share capital from Rs. 10 crore to Rs. 20 crore (altering the MoA accordingly).
Shareholders stand to receive a Rs. 2 per share dividend (~20% yield basis), but the sharp ~33% decline in standalone earnings and weaker operating margins could weigh on sentiment. The capital infusion plan and MD continuity signal long-term stability, while all board proposals remain subject to AGM approval.