Regulatory22 Oct 2026, 04:07 pm
Southern Magnesium & Chemicals: Regulatory Proceedings Concluded
AI Summary
Southern Magnesium & Chemicals Ltd has announced the conclusion of regulatory proceedings initiated by the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram. The proceedings, related to alleged contraventions under the Listing Regulations, 2015, and specifically concerning a Show Cause Notice dated 05-06-2026 and an order dated 27-06-2026, have been concluded with zero demand. The company has received the order dated 21.10.2026, which is now enclosed as Annexure – I. This development signifies the closure of a tax-related regulatory matter for the company.
Key Highlights
- Regulatory proceedings initiated by Deputy Assistant Commissioner (ST) have concluded.
- Proceedings were related to alleged contraventions under Listing Regulations, 2015.
- The conclusion resulted in zero demand against the company.
- The company has received the final order dated 21.10.2026.
Price Impact
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