Southern Magnesium & Chemicals Ltd — Updates, 30-05-2025: Company Update

Southern Magnesium and Chemicals Limited has announced a board meeting to consider the financial results for the quarter and half-year. ICICI Home Finance has taken possession of several immovable properties due to borrowers defaulting on loan repayments, indicating asset recovery efforts linked to non-performing assets. Bartronics India Limited reported total income growing to Rs. 4,003.60 lakhs for the year with a profit after tax of Rs. 138.27 lakhs, showing profitability improvement. Cemantic Infra-Tech Limited and Integrated Thermoplastics Ltd reported losses for the year, reflecting challenging operational performance. Photon Capital Advisors Limited recorded a net loss after tax of Rs. 50.64 lakhs for the quarter, continuing a loss trend.