Description

Southern Magnesium and Chemicals Limited and Rajeshwari Cans Limited provide clarifications on share price movements in response to BSE surveillance queries.

Summary

Two companies, Southern Magnesium and Chemicals Limited (BSE Scrip Code: 513498) and Rajeshwari Cans Limited, responded to BSE surveillance queries regarding recent price movements in their scrips. Both companies confirmed compliance with SEBI Listing Regulations, stating they have made all necessary disclosures and have no undisclosed material information. The price movements are attributed purely to market sentiments and factors.

Key Points

  • Southern Magnesium and Chemicals Limited responded to BSE surveillance email ref. L/SURV/ONL/PV/AJ/2025-2026/3300 dated January 21, 2026
  • Rajeshwari Cans Limited responded to BSE surveillance email ref. L/SURV/ONL/PV/AJ/2025-2026/3301 dated January 21, 2026
  • Both companies confirmed timely disclosures under Regulation 30 of SEBI (LODR) Regulations 2015
  • No undisclosed price-sensitive information or pending announcements
  • No material events affecting operations, performance, or financial position
  • Price movements attributed to market factors and market sentiments only
  • Promoters/Management not involved in price movements
  • Both companies confirmed continued regulatory compliance

Regulatory Changes

No regulatory changes announced. This is a routine surveillance matter.

Compliance Requirements

No new compliance requirements. Both companies reaffirmed their existing compliance with:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Timely disclosure of material events and price-sensitive information
  • Regular updates to stock exchanges

Important Dates

  • January 21, 2026: BSE surveillance queries issued to both companies
  • January 22, 2026: Southern Magnesium and Chemicals Limited submitted clarification
  • January 21, 2026: Rajeshwari Cans Limited submitted clarification

Impact Assessment

Market Impact: Minimal. These are routine surveillance clarifications with no material disclosures.

Operational Impact: None. Both companies confirmed no changes to operations or performance.

Investor Impact: Informational only. Investors are informed that price movements are market-driven and not due to undisclosed company-specific information. This provides transparency and reassurance that companies are maintaining proper disclosure practices.

Impact Justification

Routine surveillance clarifications confirming no undisclosed price-sensitive information. Price movements attributed to market factors only.