Permanent Magnets Ayush Kumar Jain appointed
Permanent Magnets (PERMAGN) said Ayush Kumar Jain has been appointed. The company is valued at about ₹714 crore.
What happened
Permanent Magnets (PERMAGN) told the exchanges on 30 September 2026 at 12:03 PM that Ayush Kumar Jain has been appointed.
Company snapshot
Permanent Magnets is a micro-cap company, with a market value of about ₹714 crore.
The stock last traded at ₹830.1, against a 52-week range of ₹784.1–₹929 (10.7% below the high).
Before this filing the shares had moved −7.6% over the month. Average daily turnover over the last 20 sessions was about ₹0.28 crore.
Promoters held 58.01% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 53 | 7.3 | 8.46 |
| Q2 FY26 | 49 | 3.9 | 4.52 |
| Q3 FY26 | 57 | 4.1 | 4.72 |
| Q4 FY26 | 67 | 5.2 | 6.35 |
| Q1 FY27 | 63 | 6.3 | 7.27 |
What history shows
BCEIE's records show 1 previous management change filing from the company since May 2026.
Market-wide, 3,833 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Permanent Magnets appoints Ayush Kumar Jain as CFO from Oct 1, 2026
- MP Materials Starts Making Permanent Magnets For GM EVs in Texas
- Daido Steel (TSE:5471) Gains Attention In Permanent Magnets, Is The Valuation Still Fair?
- Should Daido Steel’s Expanding Role in Permanent Magnets Require Action From Daido Steel (TSE:5471) Investors?
- Permanent Magnets Market Is Going to Boom | Shin Etsu Chemical, TDK Corporation, Hitachi Metals, Proterial
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.