Sandur Manganese and Iron Ores Ltd

Sandur Manganese & Iron Ores Limited informed the BSE Limited and National Stock Exchange of India Limited that the trading window will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026.

The Sandur Manganese & Iron Ores Limited announced the incorporation of Royal Sandur MedTech Private Limited as a wholly owned subsidiary on September 25, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited. Royal Sandur MedTech Private Limited, incorporated in India, will focus on the manufacturing of medical devices and consumables, including surgical products, diagnostic products, and healthcare consumables, with The Sandur Manganese & Iron Ores Limited holding 100% shareholding. The company subscribed to 10,00,000 equity shares at Rs 10 each, totaling Rs 1,00,00,000.

The Sandur Manganese & Iron Ores Limited announced that its board of directors approved the incorporation of a wholly owned subsidiary, Royal Sandur MedTech Private Limited, with an authorized capital of Rs 10,00,000, comprised of 10,00,000 equity shares of Rs 10 each. The new entity will focus on the manufacturing of medical devices and consumables, including surgical products, diagnostic products, and healthcare consumables, and is subject to applicable regulatory approvals.

The Sandur Manganese & Iron Ores Limited announced that its material subsidiary, Royal Sandur Metals Private Limited (formerly Arjas Steel Private Limited), has received a penalty order of Rs 12 lakh from the Office of the Principal Commissioner of Customs, Chennai-III, on September 8, 2026, under Section 114 of the Customs Act, 1962. The penalty relates to the non-payment of export duty by Sundaram Fasteners Limited (SEZ unit) on goods procured from Royal Sandur Metals Private Limited between May 22, 2022, and November 18, 2022, prior to the company's acquisition of Royal Sandur Metals. The Sandur Manganese & Iron Ores Limited stated that the order is not expected to have a material impact on its financial or operational activities and that Royal Sandur Metals is reviewing the order and considering legal options.

The Sandur Manganese & Iron Ores Limited announced the incorporation of Royal Sandur Hospitality Private Limited as a wholly owned subsidiary on August 21, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited. Royal Sandur Hospitality Private Limited, incorporated in India, will focus on hospitality including the development, ownership, operation, and management of hotels, resorts, and restaurants, and is capitalized with Rs 10,00,000 through the subscription of 10,000 equity shares at Rs 10 each, resulting in The Sandur Manganese & Iron Ores Limited holding 100% shareholding.

The Sandur Manganese & Iron Ores Limited announced the incorporation of Royal Sandur Academy Private Limited as a wholly owned subsidiary on August 14, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited. Royal Sandur Academy Private Limited, incorporated in India, will focus on academy services including coaching centers, sports academies, skill development, and educational infrastructure, with The Sandur Manganese & Iron Ores Limited holding 100% shareholding through a cash subscription of 10,00,000 equity shares at Rs 10 each, totaling Rs 1,00,00,000.

Sandur Manganese & Iron Ores Ltd share price gained 1.49% to Rs 214.1. The Company's net profit eased 3.21% to Rs 228.9 crore, while revenue from operations slipped slightly by 9.04% to Rs 1374.78 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel industry group stocks on BSE stood at Rs 9.03 lakh crore, slipping 6.01%. It has marginally improved by 2.20% over last one week and dipped slightly by 3.98% in last one month while the market capitalization of Sandur Manganese & Iron Ores Ltd has slipped by 0.49% and 11.73% in the same period respectively. Profit before tax (PBT) of Sandur Manganese & Iron Ores Ltd stood at Rs 281.07 crore in Q2 FY26, jumping 34.25% year-on-year, and declining 5.33% quarter-on-quarter. EBITDA came in at Rs 329 crore, expanding by 15.53% YoY and falling 10.43% sequentially. Total expenses slightly declined by 8.17% to Rs 1082.34 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 569.58 crore, growing marginally by 0.83% YoY, while employee benefits expense was at Rs 81.89 crore, contracting 9.89% YoY. For the TTM ended FY26, revenue from operations soared by 62.31% to Rs 5088.42 crore, while net profit surged by 38.80% to Rs 658.76 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 79768% to Rs 1134.68 crore, and PBT surged 32.58% to Rs 827.49 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1142.72 crore in FY26, as against Rs 840.55 crore in FY25. Sandur Manganese & Iron Ores Ltd jumped 37.20% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.64% during the same period.

The Sandur Manganese & Iron Ores Limited announced that its board of directors approved the incorporation of two wholly owned subsidiaries, Royal Sandur Hospitality Private Limited and Royal Sandur Academy Private Limited, subject to necessary approvals. Royal Sandur Hospitality Private Limited will focus on hospitality businesses including hotels, resorts, and restaurants, while Royal Sandur Academy Private Limited will operate an academy encompassing coaching centers, sports academies, and skill development training, with a total consideration of Rs 10 crore for each entity through the subscription of 10,00,000 equity shares at Rs 10 per share.

Sandur Manganese & Iron Ores Limited will hold a meeting of its Board of Directors on August 6, 2026, at 11:30 A.M. to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons and their immediate relatives will be closed from July 1, 2026, and will reopen 48 hours after the board meeting’s conclusion.

Sandur Manganese & Iron Ores announced that the 72th Annual General Meeting(AGM) of the company will be held on 19 August 2026.