Sandur Manganese & Iron Ores goes ex-bonus today for 2:1 issue; last day to buy

Mumbai, 19 September 2025: Sandur Manganese & Iron Ores (NSE: SANDUMA, BSE: 504918) declared a 2:1 bonus issue, and the stock became ex-bonus today, September 19, 2025. Investors who would like to receive the bonus must ensure that they purchase the stock before the market closes today, as the record date is set for Monday, September 22, 2025.

Sandur Manganese & Iron Ores Ltd. (SMIORE) is a diversified commodity producer founded in 1954 that has activities in mining iron and manganese ore and producing ferroalloys and coke. The company holds mining leases for iron and manganese in the Ballari region of Karnataka, has a considerable stock of ore reserves, and produces ferroalloys and coke in its plant located at Vyasankere.

How the Bonus Issue Works

In the 2:1 bonus share structure, for every one share that a shareholder holds on the record date, they will receive two additional shares. This is done at no cost to the shareholder, and it increases the total number of outstanding shares. As the number of shares held by the shareholder rises, the share price adjusts accordingly, ensuring that shareholders do not experience a change in the overall value of their investment.

Investor Eligibility

Since the stock exchange works under a T+1 settlement cycle, investors must transact a day before the record date to be eligible. This means today is the last day to buy Sandur Manganese & Iron Ores shares to qualify for the bonus allotment. The company confirmed to us that only purchases completed before the close of today’s market will qualify as eligible.

Stock Performance Over Time

The company’s stock has generated outstanding long-term returns, with nearly 1,100% gains over the last five years. In 2025, the stock is already up 12.73% year to date. Its short-term performance includes 3.26% over the past three months, 2.10% in the last month, and 2.65% during the last week. In the previous six months, performance was relatively flat, up only 0.13%.

As of 11:15 a.m. IST, the company’s share was trading at ₹482, up ₹9.40 (1.99%) from its previous close of ₹472.60. The share opened today at ₹474.85 and has its intraday high and low as ₹483.10 and ₹473.25 so far. The company is trading with a market cap of 7.81KCr while retaining its P/E ratio at 15.87.

Why the Announcement Matters

Bonus issues such as this convert reserves from the company into share capital, thereby improving liquidity and increasing the number of units available to shareholders. It is important for investors that today’s trading activity is central to securing eligibility and accessing the subsequent 2-for-1 bonus issue.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations