Sandur Manganese & Iron Ores Limited Files Q4 FY26 Compliance Confirmation Under SEBI Regulations

1 min read     Updated on 08 Apr 2026, 09:36 PM
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AI Summary

Sandur Manganese & Iron Ores Limited submitted its Q4 FY26 compliance confirmation under SEBI Regulation 74(5) for the quarter ended 31 March 2026. The company's registrar certified that 725 shares were dematerialized during the quarter across three transactions, with all regulatory requirements met including timely processing and proper record updates with NSDL and CDSL depositories.

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Sandur manganese & iron ores Limited has filed its quarterly compliance confirmation with BSE and NSE under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The filing was submitted on 8 April 2026 by Company Secretary Neha Thomas.

Regulatory Compliance Certificate

The company's registrar and share transfer agent, Venture Capital and Corporate Investments Private Limited, issued a certificate confirming compliance with SEBI depositories regulations. The certificate validates that all securities received for dematerialization during the quarter were processed according to regulatory requirements.

Parameter: Details
Quarter Period: 01 January 2026 to 31 March 2026
Filing Date: 8 April 2026
Registrar: Venture Capital and Corporate Investments Private Limited
Total Shares Dematerialized: 725 shares
Certificate Destruction Date: 8 April 2026

Dematerialization Activity

During the quarter ended 31 March 2026, the company processed dematerialization requests for 725 shares across three separate transactions. The dematerialization register shows activity from three shareholders with certificates processed through both NSDL and CDSL depositories.

Transaction Breakdown

The quarterly dematerialization activity included:

  • SAROJA MALLIKARJUNAPPA SHETTAR: 125 shares dematerialized on 8 January 2026 through NSDL
  • SANJAY KOTHARI: 50 shares dematerialized on 12 March 2026 through CDSL
  • JAY KUMAR BUCHA: 550 shares dematerialized on 26 March 2026 through CDSL

Compliance Confirmation

The registrar certified that all dematerialized securities were mutilated and cancelled after due verification. The names of both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) were updated in the company's records as registered owners within the mandated 15-day timeline.

The company has informed both depositories - NSDL and CDSL - along with the stock exchanges where its securities are listed. This quarterly filing demonstrates the company's adherence to SEBI's regulatory framework for depository operations and participant compliance.

Will the trend of dematerialization activity indicate growing investor interest in Sandur manganese & iron ores ahead of potential mining sector expansion?

How might the company's compliance track record position it for upcoming SEBI regulatory changes in the depositories framework?

Could the concentration of dematerialization requests in March 2026 signal institutional preparation for a corporate action or strategic announcement?

Sandur Manganese & Iron Ores Receives BSE Approval for NCD Delisting Following Early Redemption

1 min read     Updated on 25 Mar 2026, 12:36 AM
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AI Summary

The Sandur Manganese & Iron Ores Limited has received BSE approval for delisting 45,000 Non-Convertible Debentures worth ₹94,000/- each, effective from 24 March 2026. The 11% secured NCDs bearing ISIN 'INE149K07013' were delisted following early redemption completion. The approval was granted through BSE Notice No.20260323-21 dated 23 March 2026, demonstrating the company's proactive debt management approach.

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Sandur manganese & iron ores Limited has successfully obtained approval from BSE Limited for the delisting of its Non-Convertible Debentures (NCDs), marking the completion of a corporate restructuring initiative. The approval, effective from 24 March 2026, follows the company's earlier completion of early redemption of these debt securities.

Delisting Details and Specifications

The delisting approval covers a substantial portfolio of debt instruments with specific characteristics and valuation. The company had previously completed the early redemption process, leading to this formal delisting approval from the stock exchange.

Parameter: Details
Number of NCDs: 45,000 units
Face Value: ₹94,000/- each
Interest Rate: 11%
ISIN: INE149K07013
Effective Date: 24 March 2026
BSE Notice: No.20260323-21 dated 23 March 2026

NCD Characteristics

The delisted Non-Convertible Debentures carried several key features that made them attractive debt instruments during their listing period. These securities were structured as comprehensive debt offerings with multiple investor-friendly characteristics.

Key features of the delisted NCDs include:

  • Security Status: Fully secured debt instruments
  • Currency: Rupee denominated securities
  • Transferability: Transferable instruments allowing secondary market trading
  • Interest Bearing: Fixed interest rate structure at 11%
  • Redeemable: Structured for redemption at maturity

Regulatory Compliance and Communication

The company has maintained full regulatory compliance throughout the delisting process, ensuring proper communication with all stakeholders. The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The delisting approval represents the culmination of the early redemption process that was initiated and completed prior to the original maturity date of the NCDs. This proactive approach demonstrates the company's commitment to efficient debt management and stakeholder value optimization.

Corporate Structure and Operations

Sandur Manganese & Iron Ores Limited operates as an ISO certified company, holding certifications for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company maintains its registered office in Sandur, Ballari District, Karnataka, with corporate operations based in Bengaluru.

The successful completion of the NCD delisting process reflects the company's systematic approach to corporate finance management and regulatory compliance in the Indian capital markets.

What are Sandur Manganese's plans for future debt financing after completing this NCD delisting?

How might the early redemption of ₹4.23 billion in debt impact the company's capital structure and financial flexibility?

Will Sandur Manganese consider issuing new debt instruments or equity to fund expansion in the iron ore and manganese mining sector?

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