Synopsis:
Sandur Manganese announces 2:1 bonus share issue, with 22nd September as record date. Share prices adjust proportionately; this marks the company’s second bonus issue in two years, after a 5:1.
During Monday’s trading session, shares of one of the leading private sector metals & mining players witnessed a sharp decline of nearly 66 percent on the stock exchanges. What triggered this steep fall? Let’s break it down in this article.
What’s the News
In the month of August this year, Sandur Manganese & Iron Ores Limited announced a bonus share issue in the ratio of 2:1, meaning shareholders will receive two bonus shares for every one share held as of the record date.
Monday, 22nd September, marks the record date for the bonus issue. Investors purchasing the company’s shares on this date will not be eligible to receive the bonus shares.
Following the bonus issue, the share price will adjust proportionately. While the number of shares held by each investor will increase, the overall value of their holdings will remain unchanged.
This marks the second bonus issue by Sandur Manganese in the past two years. Earlier, on 2nd February 2024, the company declared a 5:1 bonus issue, granting shareholders five bonus shares for every one share they owned.
Financial Performance
Sandur Manganese reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 88 percent, from Rs. 602 crores in Q1 FY25 to Rs. 1,135 crores in Q1 FY26. Likewise, the company’s net profit increased during the same period from Rs. 144 crores to Rs. 167 crores, representing a rise of nearly 16 percent YoY.
The Sandur Manganese & Iron Ores Limited is engaged in the business of mining of manganese and iron ores in Deogiri village of Sandur taluk, Ballari District, Karnataka. Additionally, the company is also engaged in the manufacture of ferroalloys, coke, and energy at Vyasanakere (Hosapete_, and manufacturing of high-quality auto-grade Special Bar Quality (SBQ) steel in Tadipatri (Andhra Pradesh) and Mandi Gobindgarh (Punjab).
Sandur Manganese is the second-largest manganese ore miner in India and the third-largest iron ore miner in Karnataka. As of June 2025, its production capacities include: 0.599 MTPA of manganese ore, 4.45 MTPA of iron ore, 95,000/1.25 lakh TPA of ferroalloys (SiMn/FeMn), 0.50 MTPA of coke, 32 MW of WHRB-based power, and 0.585 MTPA of steel.
Written by Shivani Singh
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