Southern Magnesium & Chemicals
76.40
-3.70(-4.62%)
Market Cap₹22.89 Cr
PE Ratio-87.07
Company Performance:
1D-4.62%
1M+7.59%
6M+21.95%
1Y-27.24%
5Y0.00%
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More news about Southern Magnesium & Chemicals
04May 26
Southern Magnesium and Chemicals Limited Claims Exemption from SEBI Related Party Transaction Disclosure Requirement for FY25
Southern Magnesium and Chemicals Limited notified BSE Limited on 04.05.2026 of its exemption from Regulation 23(9) of SEBI (LODR) Regulations, 2015, pertaining to the disclosure of related party transactions for the year ended 31st March, 2025. The company stated that its paid-up share capital and net worth do not exceed the prescribed limits of Rs. 10 Crores and Rs. 25 Crores, respectively. Citing Regulation 15(2) of SEBI (LODR) Regulations, 2015, the company confirmed it is not required to submit the related party transaction disclosure. The communication was signed by Company Secretary and Compliance Officer Pasupulati Manisha.
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05Feb 26
Southern Magnesium Reports Q3FY26 Net Loss of ₹4.08 Lakhs, Revenue Drops 66.52%
Southern Magnesium and Chemicals Limited announced disappointing Q3FY26 results with a net loss of ₹4.08 lakhs compared to a profit of ₹34.93 lakhs in the previous year. The company experienced a significant 66.52% decline in revenue from operations to ₹58.18 lakhs, while total expenses of ₹78.53 lakhs exceeded total income of ₹73.08 lakhs, resulting in operational losses.
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22Jan 26
Southern Magnesium & Chemicals Clarifies Share Price Movement to BSE
Southern Magnesium & Chemicals Limited responded to BSE's surveillance inquiry about share price movements, confirming full compliance with SEBI disclosure regulations. The company stated it has made all necessary disclosures within stipulated timelines and has not withheld any price-sensitive information. Management attributes the share price fluctuations to market factors rather than company-specific events, with the clarification issued on January 22, 2026.
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12Nov 25
Southern Magnesium & Chemicals Reports Profit Decline and Leadership Change
Southern Magnesium & Chemicals Limited announced unaudited financial results for Q2 and H1 FY2026, showing a significant decrease in profitability. Half-year profit before tax fell to ₹14.50 lakhs from ₹389.04 lakhs year-over-year. Revenue from operations dropped to ₹187.51 lakhs from ₹988.52 lakhs. The company also elevated Mr. N Rajender Prasad to Managing Director and CFO, effective November 12, 2025, subject to member approval.
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23Oct 25
Southern Magnesium's Managing Director Resigns, Citing Health Issues
Mr. Nuthakki Ravi Prasad, Managing Director and CEO of Southern Magnesium & Chemicals Limited, has submitted his resignation effective October 23, 2025, citing health concerns. His previously approved re-appointment for November 13, 2025 to November 12, 2028 has been revoked. The company confirmed no other material reasons for the resignation besides health issues.
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07Aug 25
Southern Magnesium and Chemicals Reports Q2 Loss, Reappoints Key Executives
Southern Magnesium & Chemicals Limited (SMCL) reported a net loss of ₹9.86 lakhs for Q2, down from a profit of ₹177.80 lakhs in the same quarter last year. Revenue from operations decreased to ₹21.70 lakhs from ₹81.12 lakhs. The company reappointed Mr. N Ravi Prasad as Managing Director and CEO, and Mr. N Rajender Prasad as Joint Managing Director and CFO, both for three-year terms. SMCL's 39th AGM is scheduled for September 29, to be held virtually.
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07Aug 25
Southern Magnesium & Chemicals Reports Q1 Loss, Approves Key Management Reappointments
Southern Magnesium & Chemicals Limited reported a net loss of Rs 9.86 lakhs for Q1 FY2025-26, compared to a profit of Rs 177.80 lakhs in the same quarter last year. Revenue from operations decreased by 73.25% to Rs 21.70 lakhs. The company reappointed Mr. N Ravi Prasad as Managing Director and CEO, and Mr. N Rajender Prasad as Joint Managing Director and CFO, both for three-year terms. The 39th Annual General Meeting is scheduled for September 29, 2025, via video conferencing.
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1 Year Returns:-27.24%
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