Sandur Manganese & Iron Ores Ltd has appointed T. R. Raghunandan and Pankajam Sridevi as Independent Directors for a tenure of five years, subject to shareholders' approval. The Board of Directors approved the appointments at its 385th meeting held on 9 July 2026. T. R. Raghunandan will continue as Chairman of the Company and of the Board of Directors. These appointments are based on the recommendations of the Nomination and Remuneration Committee.

Appointment Details

T. R. Raghunandan (DIN: 03637265) has been appointed with effect from 9 July 2026 to 8 July 2031. He is a former IAS Officer of the 1983 batch with over 26 years of experience in civil service. He serves as a consultant to international development agencies such as the United Nations Development Programme (UNDP), the World Bank, and the Asian Development Bank (ADB).

Pankajam Sridevi has been appointed as an Additional Director designated as an Independent Director with effect from 10 July 2026 to 9 July 2031. She is a transformational leader with over 35 years of experience in manufacturing, technology, and banking. She previously served as the Managing Director of Commonwealth Bank of Australia (India).

Key Appointments

The Board confirmed that neither director is debarred from holding the office of a Director by virtue of any SEBI order or any other authority. The appointments comply with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sandur Manganese & Iron Ores Limited announced its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The Board of Directors approved the results at its meeting held on 7 May 2026. The company subsequently filed the necessary documents with stock exchanges, and the results were published in newspapers, including Financial Express and Sanjevani, on 8 May 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FY26 Financial Performance

For the full year FY26, the company reported consolidated revenue of ₹5,088 crore, a growth of 61% year-on-year. Consolidated EBITDA stood at ₹1,284 crore, up 49% YoY, while Profit After Tax (PAT) reached ₹658 crore, an increase of 40% YoY. On a standalone basis, total income was ₹2,076 crore, with EBITDA of ₹923 crore and PAT of ₹543 crore. The company achieved a standalone net debt-free balance sheet as of 31 March 2026, supported by the prepayment of Non-Convertible Debentures worth ₹423 crore in March 2026.

Q4FY26 Highlights

In the fourth quarter, consolidated total income stood at ₹1,531 crore, with EBITDA of ₹406 crore and PAT of ₹236 crore. Standalone Q4 total income was ₹687 crore, EBITDA was ₹308 crore, and PAT was ₹196 crore. The company noted that Q4 consolidated EBITDA margin expanded to 27%, while standalone EBITDA margin was 45%. Operational performance was strong, with manganese ore sales volumes surging 162% YoY to 1.20 lakh tonne and iron ore sales volumes rising 12% YoY to 15.10 lakh tonne.

Corporate Actions and Dividend

The Board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval. During the year, the company completed a bonus issue in the ratio of 2:1 and appointed Ernst & Young LLP as the Internal Auditor for FY26-27. The company also recognized exceptional items related to new Labour Codes. The audited results were reviewed by Statutory Auditor M/s. Deloitte Haskins & Sells.