Management Change3 Sept 2026, 11:03 am
Permanent Magnets CFO Sukhmal Jain Resigns Effective Sept 30, 2026
AI Summary
Permanent Magnets Ltd announced the resignation of its Chief Financial Officer, Mr. Sukhmal Jain. His resignation will be effective from the close of business hours on September 30, 2026, making it his last working day. The company expressed sincere appreciation for his valuable contributions over his tenure. Mr. Jain has served the company for 38 years and believes it's an opportune time for a smooth transition. The company is in the process of appointing a new CFO and will make a separate disclosure upon appointment.
Key Highlights
- CFO Sukhmal Jain resigns effective September 30, 2026.
- Jain served the company for 38 years.
- Company is seeking a suitable replacement for the CFO role.
- Appreciation extended for Jain's contributions.
Price Impact
More from PERMAGN