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:

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.

The board of sandur manganese & iron ores has approved a rebranding of the company, signalling a strategic shift in its corporate identity. Alongside this rebranding, the board has greenlit plans to diversify into three new sectors — hospitality, education, and medical devices — through the establishment of dedicated subsidiaries.

Strategic Diversification Through New Subsidiaries

The board's decision to form new subsidiaries reflects a deliberate move to broaden the company's business portfolio beyond its traditional manganese and iron ore operations. The three sectors identified for expansion are:

• Hospitality — a new vertical that will be pursued through a dedicated subsidiary
• Education — another distinct subsidiary to be established for this segment
• Medical Devices — a third subsidiary to be formed to operate in this space

Key Corporate Decisions at a Glance

The following table summarises the key decisions approved by the board:

Expanding Corporate Footprint

The approval of the rebranding initiative alongside the creation of new subsidiaries in hospitality, education, and medical devices represents a notable broadening of Sandur Manganese & Iron Ores' corporate strategy. The establishment of separate subsidiaries for each new vertical indicates a structured approach to managing these diverse business interests. These developments underscore the company's intent to evolve its identity and operational scope in line with its diversification objectives.