SYNOPSIS:
Sandur Manganese & Iron Ores Ltd has fixed Monday, 22 September 2025, as the Record Date for Bonus Equity Shares in the ratio of 2:1
The shares of one of the leading steel mining stocks, specializing in the extraction and production of manganese ore and iron ore, jumped by upto 3 percent after the board set a record date for a bonus issue in the ratio of 2:1.
With a market capitalization of Rs. 7,776.06 crores on Tuesday, the shares of Sandur Manganese & Iron Ores Limited rose by 2.6 percent, making a high of Rs. 493.40 per share compared to its previous closing price of Rs. 480.80 per share.
What happened
Sandur Manganese & Iron Ores Limited, engaged in the extraction and production of manganese ore and iron ore, has announced that it will issue Bonus Shares in the ratio of 2:1, meaning shareholders will receive 2 fully paid-up equity shares of ₹10 each for every 1 share they currently hold.
The Record Date for determining eligible shareholders has been fixed as Monday, 22nd September 2025. Furthermore, in line with SEBI guidelines, the deemed date of allotment for the bonus shares is Tuesday, 23rd September 2025.
Financials & Others
The company’s revenue rose by 89 percent from Rs. 602 crore to Rs. 1,135 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 144 crore to Rs. 167 crore during the same period.
The company has shown strong financial performance with a Return on Capital Employed (ROCE) of 20.8% and a Return on Equity (ROE) of 18.6%. It maintains a healthy debt-to-equity ratio of 0.72 and has recorded a median sales growth of 15.5% over the past 10 years.
Sandur Manganese & Iron Ores Limited (SMIORE) is a leading Indian mining company, established in 1954 and headquartered in Karnataka, India. With main operations are focused on manganese and iron ore extraction in the Sandur region.
In addition to mining, SMIORE has diversified its portfolio by establishing downstream processing units. These include plants for ferroalloy production, coke manufacturing, and captive power generation, catering to domestic and export markets alike.
SMIORE (The Sandur Manganese & Iron Ores Ltd), with over 70 years of experience, is one of India’s most respected private sector merchant miners. It is the 2nd largest manganese ore miner in the country and ranks among the top 5 players in the SBQ steel segment.
It holds vast mining reserves with leases valid up to 2033, and the current capacities include 4.45 MTPA of iron ore, 0.599 MTPA of manganese ore, 0.50 MTPA of coke, and 0.585 MTPA of steel, and it also produces 95,000–1,25,000 TPA of ferroalloys (SiMn/FeMn).
Along with it, the company has a strong captive energy setup with 32 MW of WHRB-based power. Through joint ventures, it also accesses 42.9 MW of solar-wind hybrid power (Renew Sandur), 20.4 MW of solar energy (Arjas Amplus), and 21 MW of WHRB-based power (Arjas).
Written by Sridhar J
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