Sandur Manganese & Iron Ores Limited — Others, 11-08-2025: Shareholders meeting

The Sandur Manganese & Iron Ores Limited is seeking shareholder approval via postal ballot for two key proposals. First, to increase its Authorised Share Capital from ₹200 crore to ₹600 crore. This is vital for potential future fundraising, including a previously approved ₹1,000 crore Qualified Institutions Placement. Second, the company plans a 2:1 bonus share issue, capitalizing up to ₹324.07 crore from its reserves. This move aims to reward existing shareholders, enhance share liquidity, and make shares more accessible for retail investors, potentially boosting trading volumes. The board supports these initiatives, citing strong financials and robust performance.