As per regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, every listed company is required to submit to the Stock Exchange ‘Disclosure of Related Party transactions’ on the date of publication of its financial results for the half year, Southern Magnesium & Chemicals has informed that the above mentioned regulation shall not be applicable to the company as the paid-up share capital and the Net worth of the Company does not exceed the prescribed limit of Rs 10 Crores and Rs 25 Crores, respectively, as on the last day for the year ended 31st March, 2025 and the company is exempted as per Regulation 15(2) of SEBI (LODR) Regulations, 2015. The Company, therefore, is not required to submit 'disclosure of related party transactions' as per Regulation 23(9) of SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
