Southern Magnesium & Chemicals Ltd — Important, 23-10-2025: Company Update

Southern Magnesium and Chemicals Limited announces that Mr. Nuthakki Ravi Prasad has resigned from his role as Managing Director and Chief Executive Officer, effective October 23, 2025. His decision is due to ongoing health issues. As a result, his re-appointment for a three-year term, previously approved by shareholders, is now revoked. This signifies a key leadership transition for the company, impacting future executive management.