Sandur Manganese & Iron Ores Ltd

Sandur Manganese & Iron Ores Ltd: Trading window closed from 1 October 2026 until 48 hours after unaudited results for quarter and half year ended 30 September 2026

Royal Sandur MedTech Pvt Ltd—new wholly owned subsidiary

• Target: Royal Sandur MedTech Private Limited, India, medical devices and healthcare consumables manufacturer.
• Size/scale not disclosed; no turnover or asset figures provided.
• Related party: wholly owned subsidiary of Sandur Manganese & Iron Ores Limited.
• Industry: medical devices and consumables manufacturing.
• Purpose: to manufacture and distribute medical devices and consumables, expanding beyond the acquirer's core line.
• Regulatory approvals: MCA certificate of incorporation dated 25 September 2026.
• Timeline: incorporation completed on 25 September 2026.
• Consideration: cash subscription of equity shares.
• Cost: ₹1 crore for 1,000,000 shares at ₹10 each.
• Shareholding: 100% ownership in the subsidiary.
• Background: manufacturing of medical devices and healthcare consumables; incorporated 25 Sep 2026 in India.

Target overview

• Target: Royal Sandur MedTech Private Limited, to be incorporated in India.
• Industry: medical devices and consumables manufacturing.
• Ownership: 100% stake by Sandur Manganese & Iron Ores Limited.
• Incorporation status: yet to be incorporated.
• Country: India.

Financing and ownership

• Consideration: cash subscription of ₹1 crore.
• Share details: 1,000,000 shares of ₹10 each.
• Total cost: ₹1 crore.
• Post-issue stake: 100%.

Rationale and approvals

• Purpose: diversify into medical devices beyond core business.
• Regulatory approvals: subject to applicable laws and approvals.
• Timeline: not specified.
• Business scope: manufacturing, processing, assembling, marketing and distribution.

Target background

• Background: will manufacture, process, assemble, market and distribute medical devices and healthcare consumables.

Size/scale

• Size: not disclosed.

Penalty order details

• Awarding authority: Office of the Principal Commissioner of Customs, Chennai-III, India.
• Penalty: ₹12 lakh under Section 114 of the Customs Act, 1962.
• Violation period: 22 May 2022 to 18 November 2022.
• Order date: 8 September 2026.
• SEZ unit Sundaram Fasteners Limited and supplier Royal Sandur Metals Private Limited.
• RSML is a material subsidiary of Sandur Manganese & Iron Ores Ltd.
• Impact: No material financial or operational impact; RSML reviewing and may pursue recourse.
• Arm's-length status for related party not disclosed.
• Domestic: order issued by Indian customs.

Name changes of material subsidiaries

• Arjas Steel Private Limited renamed to Royal Sandur Metals Private Limited.
• Arjas Modern Steel Private Limited renamed to Royal Sandur Green Steel Private Limited.
• Effective date of name changes: 27 August 2026.
• Certificates of Incorporation issued by the Ministry of Corporate Affairs.
• Stock exchanges to record the changes.

AGM Details

• AGM held on 19 August 2026 at 11:00 A.M. via VC/OAVM.
• Mode: VC/OAVM.
• Cut-off date for voting entitlement: 12 August 2026.
• Remote e-voting conducted 16–18 August 2026.
• Voting results unblocked on 19 August 2026 at 6:50 P.M.
• Scrutinizer's report dated 21 August 2026.

Key Resolutions

• Item 1: Adopt standalone financial statements for year ended 31 March 2026; approved.
• Item 2: Adopt consolidated financial statements for year ended 31 March 2026; approved.
• Item 3: Declare final dividend of Rs 0.50 per equity share; approved.
• Item 4: Re-appoint director by rotation; approved.
• Item 5: Appoint T. R. Raghunandan as Independent Director; approved.
• Item 6: Appoint Pankajam Sridevi as Director; approved.
• Item 7: Appoint Pankajam Sridevi as Independent Director; approved.
• Item 8: Ratify remuneration to Kamalakara & Co., Cost Auditor for 2026-27; approved.

Target overview

• Royal Sandur Hospitality Private Limited, an Indian hospitality company.
• Size/scale: not disclosed.
• Related party: acquisition by SMIORE of 100% stake.
• Industry: Hospitality.
• Purpose: create hospitality platform for hotels, resorts, serviced apartments, and restaurants.
• Regulatory approvals: MCA approval via Certificate of Incorporation dated 21 August 2026.
• Timeline: Incorporation completed on 21 August 2026.
• Consideration: cash subscription of equity shares.
• Cost: ₹1,00,00,000 for 10,00,000 shares at ₹10 each.
• Shareholding: 100% stake held by SMIORE.
• Background: Indian entity; to operate hotels, resorts, serviced apartments, restaurants.

AGM Details

• Date, time, mode: 19 Aug 2026, 11:00 IST, via VC/OAVM.
• Meeting concluded 12:25 IST; e-voting open 30 minutes.
• Quorum present; 66 members attended via VC/OAVM.
• Deemed venue: Registered Office; Chairman: T. R. Raghunandan.

Resolutions & Voting

• All resolutions deemed passed; Scrutinizer to declare results within two working days.
• e-voting remained open 30 minutes post-conclusion.

Dividend

• Dividend payout: highest-ever ₹24 crore.

Financial Highlights & Ratings

• FY26 standalone income ₹2,076 crore; EBITDA ₹904 crore; PAT ₹543 crore.
• Consolidated FY26 income ₹5,163 crore; EBITDA ₹1,252 crore; PAT ₹658 crore.
• Standalone net debt-free as of 31 March 2026 after ₹423 crore NCD early redemption.
• CRISIL A+ with Positive outlook; ICRA reaffirmed bank facilities.

Capital Actions & Developments

• Bonus issue 2:1; authorized share capital increased accordingly.
• October 2025: ranked 494th among Top 500 by market cap.
• Board evaluating further projects; disclosure upon Board approval.

Auditors & Compliance

• Auditors' reports (standalone/consolidated) have no qualifications.
• Secretarial auditor report also without adverse remarks.

Directors & Governance

• No director changes announced at this AGM.