Approval under Electronics Component Manufacturing Scheme (ECMS) to Quantum Magnetics Private Limited, Wholly owned subsidiary of the Company.

August 18, 2026 Corporate Relation Department The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Ref: Scrip Code: 504132 Subject: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Ref: Approval under ECMS to Quantum Magnetics Private Limited, Wholly Owned Subsidiary Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Quantum Magnetics Private Limited (QMPL), Wholly Owned Subsidiary of the Company, has received approval under the Electronics Component Manufacturing Scheme (ECMS) for manufacturing Neodymium Magnets (Rare Earth Elements). The approval marks a significant milestone for QMPL and is aligned with the strategic objective of developing a domestic manufacturing ecosystem for Rare Earth Permanent Magnets (NdFeB). The Company appreciates the support extended by the Government of India and the Ministry of Electronics and Information Technology (MeitY) in this regard. We request you to kindly take the above information on record. Thanking you, FOR PERMANENT MAGNETS LIMITED RACHANA SAWANT COMPANY SECRETARY