Sandur Manganese & Iron Ores Limited
The Sandur Manganese & Iron Ores Limited (SMIORE), the flagship company of the Karnataka based Sandur Group, incorporated in 1954. Company is involved in mining of low phosphorous manganese and iron ore in the Hosapete Ballari region of Karnataka. In addition, Company manufactures ferro-alloys (silico-Manganese and ferro manganese) and coke at its plant in Vyasankare, near Hospet.It is the 3rd Largest Manganese ore…
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Sandur Manganese & Iron Ores Limited has disclosed that its material subsidiary, Royal Sandur Metals Private Limited, has received a penalty order of ₹0.12 Cr under the Customs Act from the Office of the Principal Commissioner of Customs. The penalty relates to alleged non-payment of export duty on goods supplied...
Sandur Manganese & Iron Ores' key subsidiaries, Arjas Steel and Arjas Modern Steel, have been renamed Royal Sandur Metals and Royal Sandur Green Steel.
Company's Board empowered its MD, CFO, and Company Secretary to determine event materiality for stock exchange disclosures. This streamlines internal governance and information flow to the market.
Q1 results show standalone revenue at ₹540.31 Cr and profit ₹161.19 Cr. Consolidated revenue was ₹1,374.78 Cr, net profit ₹227.85 Cr. A key development: the company faces a ₹139.05 Cr demand for compensatory afforestation charges. Legal challenges were dismissed; a review is pending.
Sandur Manganese will hold its 72nd AGM. The FY25-26 Annual Report is accessible online for shareholders without registered emails. The company has set a dividend record date, with payments to follow shortly after the AGM. Shareholders can update emails for digital communications.