Sandur Manganese & Iron Ores announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Sandur Manganese & Iron Ores declined 5.91% to Rs 163.61 crore in the quarter ended March 2024 as against Rs 173.89 crore during the previous quarter ended March 2023. Sales declined 9.21% to Rs 551.77 crore in the quarter ended March 2024 as against Rs 607.71 crore during the previous quarter ended March 2023.For the full year,net profit declined 11.57% to Rs 239.46 crore in the year ended March 2024 as against Rs 270.79 crore during the previous year ended March 2023. Sales declined 41.10% to Rs 1252.13 crore in the year ended March 2024 as against Rs 2125.81 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales551.77607.71 -9 1252.132125.81 -41 OPM %37.6438.72 -25.5718.46 - PBDT234.11245.13 -4 382.86423.77 -10 PBT219.45228.87 -4 325.02359.51 -10 NP163.61173.89 -6 239.46270.79 -12 Powered by Capital Market - Live News

Sandur Manganese & Iron Ores will hold a meeting of the Board of Directors of the Company on 15 May 2024.Powered by Capital Market - Live News

The Board of Sandur Manganese & Iron Ores at its meeting held on 25 April 2024 has approved 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, 19.12% (approx.) stake in Arjas Steel will be acquired by BAG Holdings Private Limited (an entity owned by Bahirji A. Ghorpade, one of the promoters of the company. Powered by Capital Market - Live News

Sandur Manganese & Iron Ores announced that ICRA has upgraded the company`s long term rating at ICRA A+; Stable and reaffirmed the short term rating at ICRA A1 for debt facilities aggregating to Rs 432 crore. Powered by Capital Market - Live News