Certificate on Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 is attached herewith.

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.1%1-day move

₹94.00

prior close

₹98.70

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-3.7-3.7-3.7-4.6-2.1-4.8-6.9-8.0-10.3-10.0-14.3-17.6-20.2—

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AI summary

Southern Magnesium & Chemicals Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015 does not apply to the company. This regulation requires listed companies to disclose related party transactions with financial results. The company is exempt because its paid-up share capital and net worth do not exceed Rs. 10 crores and Rs. 25 crores respectively as of 31st March, 2025. The exemption falls under Regulation 15(2) of SEBI (LODR), which provides relief to small and medium companies from certain disclosure requirements. The company confirmed this status for the year ended 31st March, 2025.

Likely market impact

This filing confirms the company qualifies as a small-scale entity under SEBI regulations and is exempt from certain disclosure requirements. There is no direct impact on shareholders or stock price as this is a routine compliance notification stating the company's exemption status.