Announced Thu, 3 Sept · 15:39 IST

40th AGM on Sept 30, 2026; MD designation change and director reappointment

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Southern Magnesium and Chemicals 40th AGM is on Sept 30, 2026 at 11:30 AM via VC/OAVM. Agenda includes adoption of FY26 audited financials, reappointment of Mr. Nuthakki Rajender Prasad as director (retiring by rotation), and a special resolution to ratify his change in designation from Joint Managing Director and CFO to Managing Director and CFO effective Nov 12, 2025. FY26 net sales fell sharply to Rs 335.55 Lakhs from Rs 1243.49 Lakhs, and net profit dropped to Rs 12.64 Lakhs from Rs 319.77 Lakhs. No dividend declared. Remote e-voting from Sept 27 to 29, 2026; cut-off date Sept 23, 2026.

Likely market impact

Shareholders will vote on FY26 results, reappoint director, and approve MD/CFO designation change for Mr. N. Rajender Prasad.