Permanent Magnets has informed that the Company had duly published the advertisement in the newspapers inviting objections from the public in compliance with the applicable SEBI Circular. They confirmed that no objection has been received within the prescribed period of one month from the date of publication of the advertisement. Pursuant thereto, the Registrar and Share Transfer Agent (RTA) has issued the Letter of Confirmation in favour of the said transferee. Further, in accordance with SEBI guidelines, the shares shall remain under a lock-in period of six (6) months from the date of issuance of the Letter of Confirmation.
The above information is a part of company’s filings submitted to BSE.
