SANDUR MANGANESE & IRON ORES LTD.
NSE : SANDUMABSE : 504918ISIN
CODE : INE149K01016Industry : Mining & MineralsHouse
: Sandur Manganese
BSE512.70-21.9 (-4.1 % )
PREV CLOSE (Rs.) 534.60
OPEN PRICE (Rs.) 541.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 40439
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE514.30 -20.5 (-3.83 % )
PREV CLOSE(Rs.) 534.80
OPEN PRICE (Rs.) 540.00
BID PRICE (QTY) 514.30 (442 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 409083
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 26-Apr-2024 | Sandur Manganese & Iron Ores gets nod to acquire 80% stake in Arjas Steel | <p style="text-align: justify;">Sandur Manganese & Iron Ores has received approval from board of directors for strategic business acquisition through purchase of 80% equity share capital of Arjas Steel (ASPL), by entering into a Share Purchase Agreement. Accordingly, the company has entered into the Share Purchase Agreement. Additionally, around 19.12% stake in Arjas Steel will be acquired by BAG Holdings (an entity owned by Mr. Bahirji A. Ghorpade, one of the promoters of The Sandur Manganese & Iron Ores).</p><p style="text-align: justify;">The business acquisition of Arjas Steel is a strategic investment which brings potential benefits that aligns with strategic vision and future road map of The Sandur Manganese & Iron Ores to become a national integrated player in the steel industry. The Board of Directors at its meeting held on April 25, 2024 considered and approved the same. </p><p style="text-align: justify;">Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.</p> |
| 26-Apr-2024 | The Sandur Manganese & Iron Ore informs about press release | <p style="text-align: justify;">Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Sandur Manganese & Iron Ore has informed that it attached a copy of the Press Release titled ‘The Sandur Manganese & Iron Ores Limited (SMIORE) and Private Equity firm ADV Partners announced execution of a binding agreement relating to the strategic business acquisition of Arjas Steel Private Limited (Arjas) by SMIORE' which is being released today in various newspapers.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 26-Apr-2024 | The Sandur Manganese & Iron Ores informs about strategic business acquisition | <p style="text-align: justify;">Pursuant to the provisions of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulations), The Sandur Manganese & Iron Ores has informed that that, at the recommendation of the Audit Committee, the Board of Directors, at its 370th meeting held on Thursday, 25 April 2024 which commenced at 3.30 pm and concluded at 5.00 pm, had considered and approved strategic business acquisition through purchase of 80% equity share capital of Arjas Steel Private (ASPL), by entering into a Share Purchase Agreement. Accordingly, the Company has entered into the Share Purchase Agreement. Additionally, 19.12% (approx.) stake in Arjas Steel Private will be acquired by BAG Holdings (an entity owned by Bahirji A. Ghorpade, one of the promoters of The Sandur Manganese & Iron Ores). Detailed information as required under SEBI (LODR) Regulations read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated 13 July 2023 is enclosed as ‘Annexure A' to this letter.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 27-Feb-2024 | Sandur Manganese & Iron Ores informs about credit rating | <div style="text-align: justify;">Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, Sandur Manganese & Iron Ores has informed that ICRA has reviewed the rating on bank facilities of the Company and has upgraded the long-term rating to ‘[ICRA]A+ (Stable)' from ‘[ICRA]A (Stable)' and reaffirmed the short-term rating, as per their letter dated 26th February 2024. The latest ICRA ratings are enclosed. </div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 27-Dec-2023 | Sandur Manganese & Iron Ores informs about closure of trading window | <div style="text-align: justify;">Sandur Manganese & Iron Ores has informed that in accordance with the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time and the Company's ‘Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons' formulated by the Board of Directors thereunder, the notional trading window shall remain closed from 1 January 2024 till 48 hours after declaration of unaudited standalone and consolidated financial results for the quarter ended 31 December 2023 during which Designated Persons and their immediate relatives are desisted from trading in securities of the Company. The date of the Board meeting for declaration of unaudited standalone and consolidated financial results shall be notified and uploaded on the websites of the Stock Exchanges and the Company in due course.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 20-Dec-2023 | Sandur Manganese & Iron Ores informs about postal ballot notice | <div>Sandur Manganese & Iron Ores has informed that it enclosed the copy of Postal Ballot Notice along with explanatory statement dated 18 December 2023, seeking approval of the Members of the Company to transact the special businesses by passing Ordinary/ Special Resolution, as applicable, through Postal Ballot by means of remote e-voting process.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 07-Dec-2023 | Sandur Manganese & Iron Ores informs about board meeting | <div style="text-align: justify;">In compliance with the provisions of Regulation 29(1) of SEBI (LODR) Regulations, 2015 as amended from time to time, Sandur Manganese & Iron Ores has informed that a meeting of the Board of Directors of the Company is scheduled to be held at 10.30 am on Monday, 18 December 2023 to consider, the proposal for issue of Bonus Shares to the equity shareholders of the Company. Pursuant to the Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives, as per SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended from time to time, the Trading Window for the Designated Persons and their immediate relatives is closed from 7 December 2023 and shall be opened forty-eight hours after the conclusion of the aforesaid meeting of the Board of Directors.</div><div style="text-align: justify;"><br></div><div>The above information is a part of company's filings submitted to BSE.</div> |
| 06-Sep-2023 | Sandur Manganese gets consent for expansion to increase iron ore production | <p style="text-align: justify;">Sandur Manganese & Iron Ores has received Consent for Expansion (CFE) from Karnataka State Pollution Control Board (KSPCB), Bengaluru to increase Iron Ore production from 1.60 Million Tonnes Per Annum (MTPA) to 4.50 MTPA along with proposed 7.0 MTPA Beneficiation Plant and a Downhill Conveyor System. The Company will now obtain Consent for Operation (CFO) from KSPCB and then Maximum Permissible Annual Production (MPAP) from monitoring committee to operate at the enhanced level.</p><p style="text-align: justify;">Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.</p> |
| 06-Sep-2023 | Sandur Manganese trades higher on getting consent for expansion to increase iron ore production | <div><p style="text-align: justify;">Sandur Manganese & Iron Ores is currently trading at Rs. 1636.55, up by 32.60 points or 2.03% from its previous closing of Rs. 1603.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1642.00 and has touched a high and low of Rs. 1675.00 and Rs. 1611.15 respectively. So far 63015 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1675.00 on 06-Sep-2023 and a 52 week low of Rs. 655.00 on 31-Oct-2022.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1675.00 and Rs. 1301.10 respectively. The current market cap of the company is Rs. 4427.20 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 74.30%, while Institutions and Non-Institutions held 1.05% and 24.64% respectively.</p><p style="text-align: justify;">Sandur Manganese & Iron Ores has received Consent for Expansion (CFE) from Karnataka State Pollution Control Board (KSPCB), Bengaluru to increase Iron Ore production from 1.60 Million Tonnes Per Annum (MTPA) to 4.50 MTPA along with proposed 7.0 MTPA Beneficiation Plant and a Downhill Conveyor System. The Company will now obtain Consent for Operation (CFO) from KSPCB and then Maximum Permissible Annual Production (MPAP) from monitoring committee to operate at the enhanced level.</p><p style="text-align: justify;">Sandur Manganese & Iron Ores is engaged in mining of finest low grade, low phosphorous, manganese and iron ores, facility for production of ferroalloys and management of hydro-electric power generation.</p></div> |
| 05-Sep-2023 | Sandur Manganese & Iron Ores informs about disclosure | <div style="text-align: justify;">Sandur Manganese & Iron Ores has informed that it has received Consent for Expansion (CFE) from Karnataka State Pollution Control Board (KSPCB), Bengaluru for the aforesaid expansion activities vide their Consent Order No. CTE-339450 dated 4th September 2023. The Company will now obtain Consent for Operation (CFO) from KSPCB and then Maximum Permissible Annual Production (MPAP) from monitoring committee to operate at the enhanced level.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
