Company Disclosure
Southern Magnesium and Chemicals Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nature of Event
The company received/downloaded a GST demand notice dated June 5, 2026, on June 12, 2026, from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division.
Demand Details
The notice raises a GST demand of ₹30,32,204 (Rupees Thirty Lakhs Thirty Two Thousand Two Hundred and Four only) for the period April 2025 to February 2026.
Legal Basis
The demand was issued under Section 74A(9)(i) of the CGST/AP GST Act 2017 for alleged short payment of output tax.
Company's Response and Impact Assessment
The company states: "We believe that we have a strong case on the merits and do not expect any financial impact on the Company."