Sandur manganese & iron ores Limited has successfully executed a Forest Lease Agreement (FLA) with the Deputy Conservator of Forests, Government of Karnataka, Ballari Division on 8 April 2026. The agreement was registered with the Sub-Registrar Office at Sandur on the same day, marking a significant milestone in the company's infrastructure development plans.

Forest Land Diversion Details

The Forest Lease Agreement covers the diversion of forest land for establishing a Downhill Conveyor Pipe System (DCS) to enhance the company's mining operations. The project involves strategic infrastructure development connecting key mining locations.

Conveyor System Infrastructure

The Downhill Conveyor Pipe System will establish a direct connection between the company's mining operations and transportation facilities. This infrastructure development is designed to streamline ore transportation processes and improve operational efficiency.

Regulatory Compliance

The Forest Lease Agreement incorporates all conditions specified in the approval letter dated 3 October 2025 from the Ministry of Environment, Forest and Climate Change. This comprehensive compliance framework ensures adherence to environmental regulations and sustainable mining practices.

The company had previously received final approval from the Ministry of Environment, Forest and Climate Change for forest land diversion, as communicated to stock exchanges through their intimation dated 3 October 2025. The execution of the FLA represents the completion of the regulatory approval process for this infrastructure project.

Corporate Communication

The development was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Neha Thomas signed the official communication, ensuring transparent disclosure to stakeholders and regulatory compliance.

Sandur manganese & iron ores Limited has announced the withdrawal of credit rating for its Non-Convertible Debentures by ICRA following the completion of early redemption. The company informed stock exchanges about this development on 9 April 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015.

Credit Rating Withdrawal Details

ICRA has withdrawn the credit rating for the company's Non-Convertible Debentures through a letter dated 9 April 2026. The rating withdrawal comes after the successful completion of early redemption of these debt instruments.

Regulatory Compliance

The company has fulfilled its disclosure obligations by notifying both BSE Limited and National Stock Exchange of India Limited about the rating withdrawal. This communication ensures transparency and keeps investors informed about material changes affecting the company's debt instruments.

Company Background

The Sandur Manganese & Iron Ores Limited operates as an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company. The company maintains its registered office in Sandur, Karnataka, and corporate office in Bengaluru, with additional operations including mines and metal & ferroalloy plant facilities across Karnataka.