Sandur Manganese & Iron Ores Limited — Others, 24-03-2025: Shareholders meeting

The Sandur Manganese & Iron Ores Limited has announced the successful completion of its postal ballot, where shareholders overwhelmingly approved a special resolution to alter the Articles of Association. Specifically, the resolution enables lenders to appoint nominee directors to the company's board in the event of defaults related to loans or debentures. This strategic change aims to enhance governance by allowing lenders greater influence in managing potential risks. The outcome, with 98.86% votes in favor, reflects strong shareholder approval, which may instill confidence among investors, presenting a positive outlook for future governance and operations.