Permanent Magnets: FY26 Results, ₹2.20 Dividend Recommended
Permanent Magnets Ltd. announced its audited financial results for the year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial statements with an unmodified opinion from the statutory auditors, M/s. Jayesh Sanghrajka and Co LLP. A final dividend of ₹2.20 per equity share (22% on face value of ₹10) has been recommended, subject to shareholder approval. The board also approved the appointment of M/s. Krishna S & Associates as Cost Auditor for FY 2026-27 and proposed alterations to the Memorandum of Association, an increase in borrowing limits from ₹100 crores to ₹300 crores, and increased limits for creation of charges, all subject to shareholder approval at the upcoming AGM.
Key Highlights
- Audited financial results for FY26 approved with an unmodified audit opinion.
- Final dividend of ₹2.20 per share recommended for FY26.
- Krishna S & Associates appointed as Cost Auditor for FY27.
- Borrowing limits to increase from ₹100 crores to ₹300 crores, subject to approval.
- Alterations to the Memorandum of Association proposed, pending shareholder approval.
Price Impact
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