Southern Magnesium and Chemicals Limited announced that at the board meeting held on 06 February, 2024, approved the appointment of Mr. V. Raghunath as Nominee Director of the Company, nominated by APIDC. Mr. V. Raghunath is a 1995 batch direct recruit Group-I officer. He worked in commercial tax department in various capacities as Asst.

Commissioner, Deputy Commissioner and Joint Commissioner. He also worked as Executive Director in APIIC during 2014-15. Currently he is appointed as Vice Chairman and Managing Director of APIDC.