Certificate on Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 is attached.
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Southern Magnesium & Chemicals Ltd has submitted a certificate to BSE confirming 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 along with their half-yearly financial results. The company qualifies for exemption under Regulation 15(2) because its paid-up share capital and net worth are both below the prescribed thresholds of Rs. 10 crores and Rs. 25 crores respectively, as on 31st March 2025. The certificate was signed by the Company Secretary and Compliance Officer, Manisha Pasupuleti, on 12 November 2025. This is a routine compliance filing and not an action-triggering announcement.
No material impact on shareholders or the stock price. This is a standard regulatory disclosure confirming the company is too small to be subject to mandatory related party transaction reporting requirements, suggesting a low corporate governance risk threshold applies to it.