Permanent Magnets Board of Directors

Directors at Permanent Magnets are typically nominated by the Nomination and Remuneration Committee and approved by shareholders, adhering to regulatory and governance standards. While this is the standard procedure, the exact process may differ depending on the company’s internal policies and governance framework.

As of the latest update, Mr. Nirmal Kumar Jain is the current chairman at Permanent Magnets.

Executive directors at Permanent Magnets are involved in day-to-day operations, while non-executive directors, including independents, provide oversight and strategic input. While this distinction is generally followed, the specific responsibilities of executive and non-executive directors may vary based on the company’s organisational structure and governance practices.

Yes, Permanent Magnets adheres to all applicable SEBI and Companies Act provisions related to board structure, diversity, and independence.

At Permanent Magnets, board members usually serve fixed terms as outlined in the company’s charter or governance policy, commonly ranging between three to five years, with the possibility of renewal based on performance, shareholder approval, and regulatory norms.