Southern Magnesium & Chemicals Ltd — Important, 19-06-2026: Company Update

Southern Magnesium and Chemicals received a GST demand notice for ₹0.30 Cr from tax authorities. The notice is related to an alleged short payment of output tax for an earlier period. The company has stated it believes it has a strong case on the merits and does not expect any financial impact on its operations from this demand. The disclosure of this notice was delayed due to an internal administrative oversight by an accounts officer, who has since received a strict warning.