Southern Magnesium & Chemicals Ltd — Important, 04-05-2026: Company Update

Southern Magnesium and Chemicals Limited has clarified that it is not required to submit disclosures regarding related party transactions. This exemption applies because the company's paid-up share capital did not exceed Rs. 10 Crore, and its net worth did not exceed Rs. 25 Crore, both as of March 31, 2025. For retail investors, this means the company falls below certain size thresholds, allowing it to bypass this specific financial reporting requirement typically mandated for larger listed entities. This update confirms its compliance status without the need for additional disclosures in this area.