Sandur Manganese fixes record date for final dividend of ₹0.50

0 min read     Updated on 11 Jul 2026, 03:17 AM
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Sandur Manganese & Iron Ores Ltd has fixed August 12, 2026 as the record date to determine shareholder eligibility for a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. The decision was approved by the Board in its meeting on July 9, 2026, and is subject to shareholder consent at the upcoming Annual General Meeting. Upon approval, the dividend will be disbursed within 30 days.

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Sandur Manganese & Iron Ores has fixed August 12, 2026 as the record date for the payment of a final dividend of ₹0.50 per equity share of ₹10 each for the financial year ended March 31, 2026. The decision was taken by the Board of Directors during its 385th meeting held on July 9, 2026. The dividend declaration is subject to approval by the shareholders at the ensuing 72nd Annual General Meeting.

The company stated that the final dividend, once approved by the shareholders, will be paid within 30 days from the date of approval. The record date has been established to determine the eligibility of shareholders entitled to receive the payout.

Dividend Details

Parameter Details
Dividend Type Final
Amount per Share ₹0.50
Face Value ₹10
Financial Year FY26
Record Date August 12, 2026

The disclosure was made to the stock exchanges in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Neha Thomas, Company Secretary & Compliance Officer.

Historical Stock Returns for Sandur Manganese & Iron Ores

1 Day5 Days1 Month6 Months1 Year5 Years
-0.06%-1.80%-6.98%-9.54%+26.99%+129.18%

How will this dividend payout impact Sandur Manganese's free cash flow and capital expenditure plans for the remainder of FY26?

What are the expectations for shareholder approval at the upcoming AGM given the current dividend yield relative to industry peers?

Could this dividend signal a sustained shift in the company's capital allocation policy towards higher shareholder returns?

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Sandur Manganese & Iron Ores appoints Manoj Kumar Jha as CFO effective 9 July 2026

2 min read     Updated on 10 Jul 2026, 09:30 AM
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Sandur Manganese & Iron Ores Ltd appointed Manoj Kumar Jha as Chief Financial Officer effective 9 July 2026 to strengthen governance and strategy. Jha, a Chartered Accountant with over 30 years of experience, continues as Chief Risk Officer. Uttam Kumar Bhageria ceased as CFO on the same date but remains with the company in other capacities.

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Sandur Manganese & Iron Ores Ltd has appointed Manoj Kumar Jha as its Chief Financial Officer effective 9 July 2026 to strengthen its governance framework, leadership structure, and long-term business strategy. Jha will serve as part of the Key Managerial Personnel and Senior Management Personnel while continuing his existing role as Chief Risk Officer. The Board of Directors approved the change at its 385th meeting held on 9 July 2026, based on the recommendation of the Nomination and Remuneration Committee.

The Board recorded the cessation of Uttam Kumar Bhageria from the position of Chief Financial Officer effective 9 July 2026. Bhageria will continue to perform other roles within the company. The appointment and cessation were disclosed to the stock exchanges pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Summary

The following table outlines the key details of the leadership change:

Detail Manoj Kumar Jha Uttam Kumar Bhageria
Reason for Change Appointment to strengthen governance, leadership structure, and long-term business strategy Cessation from position, continuing other roles
Effective Date 9 July 2026 9 July 2026
Role Chief Financial Officer, Key Managerial Personnel, Senior Management Personnel Cessation as Chief Financial Officer

Profile of Incoming CFO

Manoj Kumar Jha is a Chartered Accountant with more than three decades of experience in global leadership positions across manufacturing, trading, and distribution businesses in Africa, Europe, Asia, and the Americas. His expertise spans corporate governance, mergers and acquisitions, fund raising, treasury, risk management, and cross-border financial operations. He has a proven track record in scaling multi-billion-dollar businesses, optimizing capital structures, and driving sustainable profitability.

Prior to joining the company, Jha was associated with the Tata group for more than a decade. He served as Chief Financial Officer for Tata Africa Holdings SA's Automobile Distribution business in Africa and as Head of Finance for Tata International Limited's Global Metals Trading business. Before the Tata group, he worked with the Adani Group for their Energy & Minerals business under Adani Enterprises Limited, heading the Finance & Accounts function for 8 years. He was earlier associated with Olam International, Benckiser, and Eicher. Jha was appointed as Chief Risk Officer of Sandur Manganese & Iron Ores with effect from 14 January 2026. He has previously held director positions in several Tata Group companies, including Tata International Vehicle Applications, Tata Motors South Africa, TIL Motor Hub Trading FZE, and Stryder Cycles.

Historical Stock Returns for Sandur Manganese & Iron Ores

1 Day5 Days1 Month6 Months1 Year5 Years
-0.06%-1.80%-6.98%-9.54%+26.99%+129.18%

How will Manoj Kumar Jha's dual role as CFO and Chief Risk Officer influence the company's capital allocation and risk management strategies?

Will the company pursue mergers, acquisitions, or divestitures under Jha's leadership given his extensive experience in M&A?

What specific long-term business strategy shifts should investors expect following this leadership transition?

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