Sandur Manganese & Iron Ores has implemented its latest bonus share issue, marking a significant event for its shareholders. The company's shares began trading on an ex-bonus basis, reflecting the 2:1 bonus ratio announced earlier.

Bonus Issue Details

• Ratio: Shareholders receive two bonus shares for every one share held
• Eligibility: Shareholders on the record date qualify for the bonus issue
• Price Adjustment: Share price adjusts proportionally to maintain total value

Recent Performance

Historical Context

This bonus issue represents the second such corporate action by Sandur Manganese & Iron Ores in the past two years. The company previously issued bonus shares at a 5:1 ratio, demonstrating a consistent approach to rewarding its shareholders.

Impact on Shareholders

The bonus issue effectively increases the number of shares held by existing shareholders without any additional cost. While the number of shares increases, the proportional ownership in the company remains unchanged. The share price adjusts accordingly to reflect the increased number of outstanding shares, ensuring that the overall value of a shareholder's holding remains constant.

Market Implications

Bonus issues are often viewed positively by the market as they suggest that the company is confident in its financial position and future prospects. For Sandur Manganese & Iron Ores, the recent price performance indicates a positive sentiment among investors, with the stock showing gains both in the short term and year-to-date.

Investors and market participants will likely monitor the stock's performance in the coming days to gauge the market's reaction to this corporate action and assess any potential impact on trading volumes and liquidity.

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.