Southern Magnesium & Chemicals Ltd (513498) — Board Meeting | 3 September 2026

Southern Magnesium & Chemicals Ltd announced its 40th AGM scheduled for September 30, 2026, with e-voting from September 27-29. The filing details procedural compliance, shareholder participation rules, and special business including the re-designation of Nuthakki Rajender Prasad as Managing Director and CFO effective November 12, 2025. Financial disclosures reveal a sharp decline in profitability, with net profit falling to Rs 12.64 Lakhs from Rs 319.77 Lakhs in the prior year, and net profit margin dropping to 3.77% from 25.72%. The company maintains adequate internal controls, reports no fraud or litigation, and confirms no dividend will be declared. Shareholding remains concentrated among promoters, with no full dematerialization.