Southern magnesium & chemicals Limited has issued a clarification to BSE regarding recent movements in its share price, stating that the fluctuations are attributed to market factors rather than company-specific developments. The response was issued on January 22, 2026, following a surveillance inquiry from the stock exchange.

BSE Surveillance Inquiry Response

The company responded to BSE's email reference number L/SURV/ONL/PV/AJ/2025-2026/3300 dated January 21, 2026, which sought clarification on the price movement of the company's shares. Southern Magnesium & Chemicals emphasized its commitment to regulatory compliance and timely disclosure practices.

Regulatory Compliance Statement

The company provided comprehensive details regarding its disclosure practices:

Southern Magnesium & Chemicals confirmed that it has made all necessary prompt disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company stated that it has not withheld any events, information, or announcements, including any price-sensitive information that may impact operations, performance, or share price behavior.

Management Response

The clarification was signed by N. Rajender Prasad, Managing Director and CFO (DIN: 00145659), who digitally signed the document on January 22, 2026. The company emphasized its consistent adherence to regulatory requirements and commitment to continue such compliance in the future.

The management concluded that the share price movement is purely due to market factors and not specifically related to any company developments. This response demonstrates the company's proactive approach to addressing exchange inquiries and maintaining transparency with stakeholders.

Southern Magnesium & Chemicals Limited , a key player in the magnesium business segment, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with a significant leadership change.

Financial Performance

The company reported a notable decrease in profitability for the half-year period. The profit before tax stood at ₹14.50 lakhs, a substantial drop from ₹389.04 lakhs in the corresponding period of the previous year. This decline was accompanied by a significant reduction in revenue from operations.

Here's a breakdown of the key financial metrics:

The company's total income for the half-year ended September 30, 2025, was ₹210.77 lakhs, compared to ₹1,009.39 lakhs in the same period last year, indicating a significant decrease in overall financial performance.

Leadership Change

In a strategic move, the company announced a change in leadership:

• Mr. N Rajender Prasad's designation has been elevated from Joint Managing Director and Chief Financial Officer to Managing Director and Chief Financial Officer.
• This change is effective from November 12, 2025, and will continue for the remainder of his tenure until August 9, 2028.
• The appointment is subject to approval by the company's members.

Mr. N Rajender Prasad, a promoter director of the company, holds a degree in Chemical Engineering and a Post-Graduation in M.S., bringing over two decades of experience to his new role.

Company Overview

Southern Magnesium & Chemicals Limited operates primarily in the magnesium business segment. The company maintains its equity share capital at ₹300 lakhs, as reported in their latest financial statements.

The board meeting that approved these results and changes was held on November 12, 2025, and the financial results have been subjected to a limited review by the company's statutory auditors.