Sandur Manganese & Iron Ores Ltd has made a significant announcement that is set to benefit its shareholders. The company has declared a 2:1 bonus issue, with September 22, 2025, established as the record date for this corporate action.

Bonus Issue Details

Under this bonus issue, shareholders will receive two additional equity shares for every one share they currently hold, without incurring any extra cost. This move is expected to increase the liquidity of the company's shares in the market and potentially make them more accessible to a broader range of investors.

Stock Performance

The announcement comes on the heels of an impressive performance by Sandur Manganese & Iron Ores in the stock market. Over the past five years, the stock has delivered remarkable returns of nearly 1,100%, showcasing strong long-term growth.

The stock has demonstrated positive momentum:

It's worth noting that the six-month performance remained relatively flat, with a marginal gain of 0.13%.

Recent Corporate Developments

The company recently held its 71st Annual General Meeting (AGM) on September 17, 2025. According to the LODR data, all resolutions proposed in the AGM notice were passed with the requisite majority through an e-voting process. Key resolutions included:

1. Adoption of audited standalone and consolidated financial statements
2. Declaration of dividend
3. Re-appointment of Mr. T. R. Raghunandan as Director
4. Re-appointment of Mr. Bahirji Ajai Ghorpade as Managing Director for a three-year tenure starting October 1, 2025
5. Approval to raise funds through a Qualified Institutions Placement (QIP)
6. Appointment of a new Secretarial Auditor for a five-year term
7. Ratification of remuneration for the Cost Auditor

The passing of these resolutions, particularly the approval for fund-raising through QIP, suggests that the company is positioning itself for potential growth and expansion in the near future.

As Sandur Manganese & Iron Ores moves forward with its bonus issue and other corporate actions, investors and market watchers will be keen to see how these developments impact the company's performance and stock valuation in the coming months.

Sandur Manganese & Iron Ores Limited (SMIORE) has received in-principle approval for a significant 2:1 bonus issue, marking a notable development for its shareholders. This move will substantially increase the company's outstanding shares, potentially enhancing liquidity and accessibility for investors.

Bonus Issue Details

The company has secured approval to issue and allot 32,40,69,876 bonus equity shares, each with a face value of ₹10.00. Under this bonus issue:

• Shareholders will receive two new fully paid-up equity shares for every one existing share held.
• This 2:1 ratio effectively triples the number of shares each investor owns without diluting their overall stake in the company.

Regulatory Approvals

SMIORE has successfully obtained the necessary regulatory green lights for this corporate action:

• BSE Limited granted its approval, uploading the approval letter on its Listing Portal.
• The National Stock Exchange of India Limited (NSE) provided its approval through the NEAPS Portal and via email to the company.

Compliance and Next Steps

The bonus issue is subject to several conditions, as outlined by the NSE:

1. Obtaining all statutory and other approvals, including those from SEBI, RBI, and MCA.
2. Adhering to guidelines and regulations issued by the stock exchanges and statutory authorities.
3. Complying with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws.
4. Submitting necessary documents as per the further issue brochure available on the NSE website.

Implications for Investors

This bonus issue represents a significant corporate action that could impact SMIORE's stock dynamics:

• Increased number of shares in circulation may improve liquidity.
• The move might make the stock more accessible to a broader range of investors due to a potential reduction in the per-share price.
• Existing shareholders will see an increase in their total number of shares without any additional cost.

As Sandur Manganese & Iron Ores Limited moves forward with this bonus issue, investors and market watchers will be keen to observe its impact on the company's stock performance and market perception. The company's proactive communication through regulatory filings demonstrates its commitment to transparency and compliance with listing regulations.