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Southern Magnesium and Chemicals Limited has clarified that it is not required to submit half-yearly disclosures concerning related party transactions. The company qualifies for an exemption because its paid-up share capital is below Rs. 10 Crore and its Net worth is below Rs. 25 Crore. This means shareholders will not receive specific updates on related party dealings, as the company operates under a reduced disclosure requirement. This update informs stakeholders about the company's compliance status regarding these transparency norms.