Sandur Manganese & Iron Ores Fixes September 22 as Record Date for 2:1 Bonus Issue

Bengaluru, September 16, 2025 – Sandur Manganese & Iron Ores Ltd (NSE: SANDUMA, BSE: 504918) announced that the record date of September 22, 2025, will be the date when its upcoming bonus issue will be determined. The shareholders who hold the equity on this date will be entitled to receive two fully paid-up equity shares for every one share held by them.

Sandur Manganese & Iron Ores Ltd, incorporated in 1954 and headquartered in Karnataka, is engaged in mining manganese and iron ores, along with operating a ferroalloy plant. The company is listed on both the NSE and BSE.

Key Details of the Bonus Issue

The company has declared a record date for the bonus issue as September 22, 2025. As informed, one shareholder will get two new equity shares for every share held (2:1). Each share has a face value of ₹10, and the allotment deemed date is set at September 23, 2025. The bonus issue will increase the share base of the company significantly, thus enhancing liquidity and increasing shareholder participation.

Stock Performance Summary

Sandur Manganese & Iron Ores stock closed at ₹480, a 0.35% fall on September 16, 2025. Sandur Manganese & Iron Ores stock rose by 5.33% in the last 5 days, 14.33% in the year-to-date, and fell by 1.81% in the last year.

Sandur Manganese & Iron Ores Ltd began trading at ₹485.50 on Tuesday, rose to a high of ₹492.90, and dropped to an intraday low of ₹475.90. The market capitalization of the company is currently at ₹7,790 crore (7.79K Cr).

The stock is priced at a price-to-earnings (P/E) multiple of 15.81 with a dividend yield of 0.26%. A quarterly dividend payment of ₹0.31 per share has been announced by the company. In the last 52 weeks, the stock has oscillated from a high of ₹557.75 to a low of ₹337.20.

REF: https://nsearchives.nseindia.com/corporate/SANDUR_16092025133021_Ltr2SEsRecord_DateSigned.pdf

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