Sandur Manganese & Iron Ores Limited — JV/Acquisition, 21-08-2026: Acquisition

The Sandur Manganese & Iron Ores (SMIORE) has established Royal Sandur Hospitality Private Limited as a new, wholly-owned subsidiary for ₹1 Cr. This strategic move signals SMIORE's entry into the hospitality sector, with plans to develop and manage hotels, resorts, and restaurants. The 100% acquisition stake allows SMIORE to diversify its business beyond its core mining and ferroalloy operations, positioning the company for potential new growth avenues in the services industry.