The Board of Sandur Manganese & Iron Ores at its meeting held on 25 April 2024 has approved strategic business acquisition through purchase of 80% equity share capital of Arjas Steel (ASPL), by entering into a Share Purchase Agreement. Accordingly, the Company has entered into the Share Purchase Agreement. Additionally, 19.12% (approx.) stake in Arjas Steel will be acquired by BAG Holdings Private Limited (an entity owned by Bahirji A. Ghorpade, one of the promoters of the company. Powered by Capital Market - Live News

Sandur Manganese & Iron Ores announced that ICRA has upgraded the company`s long term rating at ICRA A+; Stable and reaffirmed the short term rating at ICRA A1 for debt facilities aggregating to Rs 432 crore. Powered by Capital Market - Live News

Net profit of Sandur Manganese & Iron Ores declined 78.10% to Rs 9.07 crore in the quarter ended December 2023 as against Rs 41.41 crore during the previous quarter ended December 2022. Sales declined 60.55% to Rs 153.02 crore in the quarter ended December 2023 as against Rs 387.92 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales153.02387.92 -61 OPM %11.1617.16 - PBDT27.7271.91 -61 PBT13.1655.96 -76 NP9.0741.41 -78 Powered by Capital Market - Live News

Sandur Manganese & Iron Ores will hold a meeting of the Board of Directors of the Company on 8 February 2024.Powered by Capital Market - Live News

The Board of Sandur Manganese & Iron Ores at its meeting held on 18 December 2023 has approved issue of bonus shares in the ratio of 5:1 (five new fully paid up equity shares of Rs 10 each for every one existing fully paid up equity share of Rs 10 each). The Board approved the increase in authorised share capital of the company from Rs 115 crore to Rs 200 crore. Powered by Capital Market - Live News