Southern Magnesium and Chemicals Limited has received an order dated October 21, 2026, from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division. The order concludes proceedings that were initiated by DRC-01A dated June 5, 2026, and a Show Cause Notice dated June 27, 2026.
The order was issued in FORM GST DRC-07 and results in a zero tax demand for the conclusion of the proceedings. The show cause notice pertained to alleged short payment of output tax by the company.
According to the disclosure, there is no financial impact on the company from this order. The filing is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and serves as a continuation of corporate announcements filed on June 18, 2026, and June 19, 2026.
The disclosure was signed by N. Rajender Prasad, Joint Managing Director and CFO (DIN: 00145659), on behalf of Southern Magnesium and Chemicals Limited.