Southern Magnesium & Chemicals informs about clarification on movement in price
Southern Magnesium & Chemicals has informed that the Company has made all necessary prompt disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 within the stipulated timelines and has not withheld any events/information/announcement (including impending announcement) including any price sensitive information, that may have a bearing on the operation/performance of the Company or on the price behaviour in the scrip. The Company has always abided by and complied with all regulatory requirements and will continue to do so. Therefore, they assumed that the movement in the share price of the Company is purely due to market factors and not specifically related to the Company.
The above information is a part of company’s filings submitted to BSE.
