Sandur manganese & iron ores Limited has successfully completed the early redemption of its Non-Convertible Debentures (NCDs) worth ₹4,23,00,00,000 on 9 March 2026. The company informed the stock exchanges about this significant financial milestone through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Debenture Redemption Details

The early redemption involved a comprehensive settlement of the company's debt obligations ahead of schedule. The transaction represents a strategic financial decision to optimize the company's capital structure.

NCD Characteristics

The redeemed debentures carried several key features that made them attractive investment instruments. These NCDs were structured as secured instruments, providing additional safety to investors through underlying collateral.

Key features of the redeemed NCDs included:

• Security Status: Secured debentures with collateral backing
• Listing Status: Listed on stock exchanges for trading
• Currency: Rupee denominated instruments
• Transferability: Transferable securities allowing secondary market trading
• Interest Bearing: Fixed interest rate of 11% per annum

Regulatory Compliance

The early redemption was executed in full compliance with regulatory requirements and contractual obligations. The company had previously intimated the stock exchanges about its intention to redeem the NCDs early through Letter No. SMIORE / SEC / 2025-26 / 77 dated 4 February 2026.

The redemption process followed the terms and conditions outlined in three key documents:

• Key Information Document
• General Information Document
• Debenture Trust Deed

Corporate Communication

Company Secretary & Compliance Officer Neha Thomas signed the regulatory filing, confirming the completion of the redemption process. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under the symbol 'SANDUMA'.

This early redemption demonstrates the company's strong financial position and commitment to optimizing its debt portfolio ahead of scheduled maturity dates.

Sandur manganese & iron ores Limited has formally responded to a regulatory fine imposed by BSE for delayed compliance with board meeting intimation requirements. The company's board addressed the matter during its meeting held on 4 February 2026, acknowledging the penalty and providing clarification on the circumstances that led to the delay.

Fine Details and Regulatory Context

The BSE imposed a fine on the company through an email dated 15 December 2025, relating to delayed submission of prior intimation about the board meeting held on 7 November 2025. The penalty was levied under Regulation 29(2) of SEBI (LODR) Regulations, 2015, which mandates timely intimation of board meetings to stock exchanges.

Board's Response and Explanation

During the board meeting on 4 February 2026, directors took note of the fine and provided an explanation for the delayed intimation. The board acknowledged that the one-day delay in furnishing prior intimation was due to an intervening stock exchange holiday that was inadvertently not accounted for while submitting the required notification.

The company's response, signed by Company Secretary and Compliance Officer Neha Thomas, formally communicated the board's acknowledgment to BSE. The communication emphasized that the delay was unintentional and resulted from an oversight in calculating the submission timeline around the stock exchange holiday.

Compliance Framework

The fine relates to SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, specifically Regulation 29(2), which requires listed companies to provide advance notice to stock exchanges about board meetings. This regulation ensures market transparency and allows investors to stay informed about important corporate developments.

The company has requested BSE to take the board's explanation on record, demonstrating its commitment to regulatory compliance and transparency in addressing the oversight that led to the penalty.