Sandur Manganese & Iron Ores Limited — QIP/Rights/Pref., 25-10-2024: Allotment of Securities

The Sandur Manganese & Iron Ores Limited has allotted 45,000 secured, rated, redeemable Non-Convertible Debentures (NCDs) at an interest rate of 11%, totaling ₹4,500 million on a private placement basis. The NCDs, issued at ₹100,000 each, are set to be listed on BSE and will mature on September 30, 2031. Monthly interest payments will be made, with the principal repaid quarterly.