Sandur Manganese & Iron Ores Limited — Important, 08-08-2025: General Updates

Sandur Manganese & Iron Ores (SMIORE) has announced that its board approved a 2:1 bonus share issue. Shareholders will receive two new shares for every one existing share. This move, contingent on shareholder approval, will utilize ₹324.07 Cr from the company's free reserves. As of June 30, 2025, free reserves stood at ₹2,581.41 Cr. The bonus shares are anticipated to be credited within two months of the board's decision. This initiative aims to expand the equity base and enhance stock liquidity for investors.