Southern Magnesium & Chemicals Ltd — Important, 18-06-2026: Company Update

Southern Magnesium and Chemicals has received a GST demand notice from tax authorities totaling ₹0.30 Cr. This demand pertains to an alleged short payment of output tax. The company asserts it has a strong case regarding the merits of the demand and anticipates no financial impact from this development. This update informs shareholders about a potential tax claim, which the company believes it can successfully dispute.