Lohagiri Industrials Private Limited has filed a corrigendum to its disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the completion of share acquisition in Sandur Manganese & Iron Ores Limited. The corrigendum was submitted on December 18, 2025, to rectify an inadvertent error in the original disclosure filed on December 17, 2025.

Corrigendum Details and Rectification

The corrigendum specifically addresses an error in Annexure-A of the original disclosure, where Yashodaradevi Shivrao Ghorpade was inadvertently mentioned under the Promoter category instead of the Promoter Group category. The company has duly rectified this categorization in the current disclosure to ensure accurate representation of the shareholding structure.

NCLT Amalgamation Implementation

The National Company Law Tribunal (NCLT), Bengaluru Bench, had approved a scheme of amalgamation under Section 232 of the Companies Act, 2013, involving four companies within the promoter group. The amalgamation order was issued on October 29, 2025, with shares being credited on December 15, 2025.

Share Acquisition and Holdings

Pursuant to the NCLT order, the shares held by the three transferor companies in Sandur Manganese were credited to Lohagiri Industrials Private Limited. The acquisition resulted in a substantial increase in shareholding from 3.28% to 18.19%.

Promoter Group Shareholding Structure

The corrected disclosure provides comprehensive details of the promoter group shareholding structure. The total equity share capital of Sandur Manganese remains at ₹48.61 crores, comprising 4,86,10,814 equity shares of ₹10.00 each.

This corrigendum ensures complete regulatory compliance and transparency in the disclosure process, maintaining accurate records of the promoter group structure following the strategic consolidation within Sandur Manganese & Iron Ores Limited.

Sandur Manganese & Iron Ores Limited (SMIORE) has received a significant boost to its operations with the approval to expand its manganese and iron ore mining activities. The Karnataka State Pollution Control Board (KSPCB) has granted the company Consent for Operation - Expansion (CFO-Expand) for its existing mineral extraction facilities.

Expansion Details

The expansion approval covers two key mining leases:

1. Mining Lease No. 2678:

   • Approval for a Downhill Pipe Conveyor System of 1.2 Km length from Kammathuru Iron Ore Mine to PMBR railway siding.

2. Mining Lease No. 2679:

   • Increase in iron ore mining capacity
   • Enhancement of manganese ore mining capacity

Capacity Expansion

The approved expansion allows for a significant increase in SMIORE's mining capacities:

MTPA: Million Tonnes Per Annum

Regulatory Compliance

The expansion approval was granted after KSPCB examined SMIORE's application under The Water (Prevention & Control of Pollution) Act, 1974 and The Air (Prevention & Control of Pollution) Act, 1981. This underscores the company's commitment to environmental regulations while pursuing growth.

Next Steps

Before commencing operations at the newly approved levels, SMIORE will present all statutory approvals to:

1. The Monitoring Committee constituted by the Hon'ble Supreme Court
2. Department of Mines and Geology

This expansion approval marks a significant milestone for Sandur Manganese & Iron Ores Limited, potentially enhancing its production capabilities and market position in the mining sector.