Permanent Magnets Share Price

Incorporated in 1960, Permanent Magnet Limited is one of the flagship Companies of Taparia group, Mumbai and one of the leading manufacturers of Cast alloy Permanent Magnets, Parts and accessories of electricity and electric vehicle parts in the world. The Company commenced its business in 1960 and is a leading solution provider of electrical components and assemblies based on certain core technologies which find application in the automobile, energy meter, renewable energy, aerospace defence, food beverage and many other such industries. PML also supplies Gas meters parts and accessories. The assembly includes Die cast parts, Plastic parts, Brass parts, Bimetal parts, Stainless steel parts and special copper alloy and nickel alloy parts. The Company has strong expertise in 5 core product platforms, wherein it designs and delivers innumerable customerspecific solutions, and these product platforms include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK diecasting. PMLs exceptional expertise in the fields of metallurgy, mechanical engineering, electrical engineering and electronics, enable it to offer comprehensive solutions to its clients. Apart from this the Company possesses superior capabilities in design simulation of components modules including customerspecific prototyping various metals metallurgical processes and manufacturing technologies such as assembly processes, finishing processes, hot chamber diecasting and plastic molding.In Jan.91, the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par, aggregating Rs.77.49 lac on a 1:1 basis, to finance capital expenditure and meet longterm working capital requirements. PML produces two types of magnets, cast alloy permanent magnets and hard ferrite magnets. During the year 2008, the Scheme of Amalgamation of Taparia Magnetics Private Limited, Sampada Capital Services Limited and Suyog Agencies Limited with the Company and Arrangement with the Preference Shareholders of the Company was implemented in 2009. According to the ratio mentioned in the Scheme, the shares were allotted to the shareholders of the Transferor Companies and Preference Shareholders of the Company.Quantum Magnetics Private Limited was acquired as subsidiary of the Company dated May 31, 2023. Key products launched during 2026 included Flux concentrators, CShield, SMD Shields, UShields, MuMETAL Stress Annealed Sheet, Fabricated Shield, Ushields, Rotator, Flux Collectors Stator. Company has added assembles like Relay subject to existing component supplies in FY26. The Alloys division has commenced operations of its new furnace January 2026.