Permanent Magnets company secretary and compliance officer resigns

Permanent Magnets has informed that at the meeting of board of directors' held on December 15, 2011 accepted the resignation given by Dinesh Poosraj Lahoti from the post of company secretary and compliance officer of the company. The termination with be effective from December 23, 2011.

The above information is part of the company’s filing submitted to the BSE.