Permanent Magnets Share Price Live

Permanent Magnets (PML) was incorporated in 1960. It is currently being managed by Shreeram Taparia, chairman and Shyam Sunder Taparia, managing director. 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 long-term working capital requirements. PML produces two types of magnets -- cast alloy permanent magnets and hard ferrite magnets. The company exports its products to the US, the UK, Germany, Italy and Egypt. PML was declared sick in 1989-90 but it started making profits since 1990-91. During the year 1999-2000, the Jalgaon plant was closed on account of labour problem.