Proceedings of the 39th AGM held on 29.09.2025.
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Southern Magnesium & Chemicals Ltd held its 39th AGM on September 29, 2025, via video conferencing, running from 11:55 AM to 12:08 PM. Mr. N. Rajender Prasad chaired the meeting and gave a brief on the company's performance in FY 2024-25 and the outlook for FY 2025-26. Four resolutions were transacted: adoption of audited financial statements for the year ended March 31, 2025, re-appointment of Mrs. Urmi Nuthakki Prasad as a director (retiring by rotation), and two special business resolutions to re-appoint Mr. Nuthakki Ravi Prasad as Managing Director & CEO and Mr. Nuthakki Rajender Prasad as Joint Managing Director & CFO. Remote e-voting ran from September 26 to 28, 2025, and the AGM e-voting window stayed open for 15 minutes after the meeting. Voting results from the scrutinizer, M/s D. Hanumanta Raju and Co., are awaited and will be filed with BSE within the stipulated timeline.
This is a routine AGM proceedings disclosure with no major surprises. The re-appointments of the Managing Director/CEO and Joint Managing Director/CFO signal leadership continuity. Shareholders should look out for the scrutinizer's combined voting results to confirm that all resolutions passed with adequate majority.