Press Release on Unaudited Result for the Quarter and Half Year ended September 30, 2026

Date: October 24, 2026 Corporate Relation Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 504132 Sub: Press Release on Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press Release on the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026. We request you to kindly take the same on record. Thanking you, Yours Faithfully, FOR PERMANENT MAGNETS LIMITED RACHANA SAWANT COMPANY SECRETARY PRESS & MEDIA RELEASE 1 MUMBAI, OCTOBER 24, 2026 e PERMANENT MAGNETS LIMITED, A SPECIALIST IN ELECTRICAL COMPONENTS AND ASSEMBLIES n FOR APPLICATIONS IN AUTOMOBILES & ELECTRICTY METERS, ANNOUNCED ITS FINANCIAL n RESULTS FOR Q2FY27. M Commenting on the results, Sharad Taparia, Managing Director, said: Q2FY27 Financials “PML has reported a healthy financial performance in Q2FY27 across key d Highlights parameters. Revenue from Operations stood at ₹72.46 Cr, up 49% YoY, driven by good demand in our EV segment and a pick-up in demand from domestic smart (₹ Cr) meter customers. Based on current projections, we expect EV demand to remain at a similar level for the rest of the financial year. REVENUE 72.46 EBITDA for the quarter stood at ₹17.81 Cr, up 159% YoY and EBITDA margin improved to 25%. Margin improvement can be attributed to a better product mix from higher EV demand and positive operating leverage from higher business throughput. 49% YoY Alloys division revenue increase significantly YoY (H1FY27 vs H1FY26). However the full capacity could not be utilized due to teething issues at the new furnace. We expect better utilisation of the new furnace capacity in H2FY27. In the Relays business, we expect to make pilot supplies in H2FY27, with a material ramp-up expected in FY28. EBITDA Margin For Quantum Magnetics, we commissioned the Phase 2 CAPEX, covering block cutting, machining, and surface treatment, in October 2026, in line with the Q3FY27 timeline we shared earlier. The product approval process is expected to start soon. For the rest of the year, our focus is on improving utilisation in the Alloys division, 1,048 BPS YoY starting pilot supplies in Relays, and moving customer approvals forward in Quantum Magnetics.” Standalone – Q2FY27 Profit & Loss Summary (₹ Cr) Net Profit Particulars Q2FY27 Q1FY27 Q2FY26 YOY 9.98 Change (%) Revenue from Operations 72.46 63.23 48.74 49% 156% YoY Total Income 73.49 64.05 50.29 46% Total Operating Expenses 54.65 51.30 41.87 31% EBITDA (Excluding OI) 17.81 11.93 6.87 159% EBITDA (Excluding OI) 24.6% 18.9% 14.1% 1,048 BPS Margin (%) Finance Cost 0.81 1.12 0.43 88% Depreciation & 3.43 3.11 2.74 25% Amortisation Profit Before Taxes 14.60 8.52 5.25 178% Profit After Taxes 9.98 6.25 3.90 156% Note: Unaudited Earnings Per Share (₹) 11.61 7.27 4.54 156% standalone figures. Note: Unaudited standalone figures. PRESS & MEDIA RELEASE 2 About Permanent Magnets Limited e Incorporated in 1960, Permanent Magnets has a rich experience of over 65+ years in the magnets, a magnetic assemblies and shunts domain. The Company is a leading solution provider of electrical ne components and assemblies based on certain core technologies which find application in the M automobile, energy meter, renewable energy, aerospace & defence, food & beverage and many other ga such industries. The Company has strong expertise in 5 core product categories, wherein it designs and e delivers innumerable customer-specific solutions, and these product categories include magnetic sensing, current sensing, magnetic assemblies, alloys and ZAMAK die-casting. mi PML works closely with its distinguished clientele from across industries, many of whom are global d leaders in their respective industries. While in some cases PML is one of the two-three suppliers for specific products, it is also the only supplier for many of its clients. PML is a preferred supplier of electrical components and assemblies to many of the tier-1 automobile companies globally, in both traditional ICE vehicles and emerging technologies like EV. It is also a supplier to the top electricity meter companies globally, and the Company holds a strong position in this segment with longstanding client relationships. Contact Us Rachana Sawant Sayam Pokharna PERMANENT MAGNETS LIMITED TIL ADVISORS PRIVATE LIMITED investors@pmlindia.com sayam@theinvestmentlab.in Safe Harbour This document which has been prepared by Permanent Magnets Limited (“PML”, “the Company”) has been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.