Description

Southern Magnesium and Chemicals Limited and Rajeshwari Cans Limited provide clarifications to BSE regarding recent price movements in their scrips, confirming no undisclosed price sensitive information.

Summary

BSE sought clarifications from Southern Magnesium and Chemicals Limited (Scrip Code: 513498) and Rajeshwari Cans Limited regarding recent price movements in their respective scrips. Both companies responded on January 21-22, 2026, confirming that they have made all necessary disclosures under Regulation 30 of SEBI (LODR) Regulations 2015 and have not withheld any price sensitive information. The companies attributed the price movements to market factors and sentiments rather than any company-specific events.

Key Points

  • Southern Magnesium and Chemicals Limited confirmed all necessary prompt disclosures made pursuant to Regulation 30 of SEBI (LODR) Regulations 2015
  • No events, information, or announcements (including impending announcements or price sensitive information) have been withheld
  • Rajeshwari Cans Limited confirmed timely disclosures of all events under Regulation 30
  • No major events have occurred or are likely to occur in near future that could have bearing on operations or performance
  • Both companies confirmed price movements are purely due to market factors and market sentiments
  • Promoters/Management not involved in price movements
  • Both companies confirmed continued compliance with all regulatory requirements

Regulatory Changes

No regulatory changes announced. This circular documents companies’ compliance with existing Regulation 30 of SEBI (LODR) Regulations 2015 regarding disclosure obligations.

Compliance Requirements

  • Companies must respond to BSE surveillance queries regarding unusual price movements
  • Companies must confirm whether all material events have been disclosed under Regulation 30
  • Companies must declare if any undisclosed price sensitive information exists
  • Companies must maintain timely disclosure practices for all material events

Important Dates

  • January 21, 2026: BSE surveillance email sent to companies (Reference: L/SURV/ONL/PV/AJ/2025-2026/3300 for Southern Magnesium and 3301 for Rajeshwari Cans)
  • January 21, 2026: Rajeshwari Cans Limited submitted clarification
  • January 22, 2026: Southern Magnesium and Chemicals Limited submitted clarification

Impact Assessment

Market Impact: Low. These are routine surveillance clarifications with no new material information disclosed. The companies’ confirmations that price movements are market-driven rather than company-specific should provide comfort to investors that no undisclosed material events exist.

Operational Impact: None. No changes to company operations, performance, or financial positions reported.

Investor Impact: Neutral to positive for transparency. Investors can be assured that both companies are in compliance with disclosure requirements and no material undisclosed information exists that could affect investment decisions.

Companies Affected:

  • Southern Magnesium and Chemicals Limited (BSE Scrip Code: 513498, CIN: L27109TG1985PLC005303)
  • Rajeshwari Cans Limited (CIN: L13209GJ2018PLC100480)

Impact Justification

Routine surveillance clarifications from two companies confirming no undisclosed material events. Price movements attributed to market factors with no operational or financial impact.