Certificate on Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 is attached.
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Southern Magnesium & Chemicals Ltd has filed a certificate confirming that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. This regulation normally requires listed companies to disclose related party transactions every six months along with their 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 crore and Rs. 25 crore, respectively, as on 31st March 2024. Signed by N. Rajender Prasad, Joint Managing Director & CFO, on 29 May 2025.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply confirms that the company is small enough by capital and net worth standards to be exempt from half-yearly related party transaction disclosures, and does not signal any change in business operations or financial condition.