Sandur manganese & iron ores Limited has announced key leadership changes in its Chief Risk Officer position, effective from 14 January 2026. The Board of Directors approved these changes through a Circular Resolution passed on 13 January 2026, following recommendations from the Nomination and Remuneration Committee and Risk Management Committee.

Leadership Transition Details

The company has implemented a strategic leadership restructuring to strengthen its governance framework. The changes involve both the appointment of a new Chief Risk Officer and the transition of responsibilities for the outgoing officer.

New Chief Risk Officer Profile

Manoj Kumar Jha brings extensive experience to his new role as Chief Risk Officer. He is a Chartered Accountant and finance professional with more than three decades of experience across multiple domains.

Professional Expertise

Jha's expertise spans several critical areas including:

• Audit and strategic planning
• Fund raising and restructuring
• Acquisition management
• Cost and risk management
• Taxation and budgeting
• Management Information Systems (MIS)
• Insurance operations

Previous Experience

Prior to joining Sandur Manganese & Iron Ores, Jha held senior positions at prominent organizations. He served as Chief Financial Officer at Tata Africa Holdings SA (TAH), where he was responsible for retail asset financing, including off-balance sheet financing structures and multi-currency exposure solutions.

He also worked with Tata International Limited as Head of Finance for global steel trading operations. His responsibilities included exports from India, manufacturing of bicycles, engineering goods production, and solar projects on EPC model. In this role, he managed acquisitions, internal financial controls, risk management, working capital management, and multi-currency consolidation.

Strategic Rationale

The Board's decision to restructure the Chief Risk Officer position reflects the company's commitment to strengthening its governance framework and leadership structure. Uttam Kumar Bhageria's transition from the Chief Risk Officer role allows him to focus on his multiple responsibilities as Chief Financial Officer across the company and its subsidiaries.

Jha's appointment as Senior Vice President - Business Governance positions him as part of the Senior Management team, indicating the strategic importance of risk management in the company's operations. The timing of these changes demonstrates the company's proactive approach to organizational development and governance enhancement.

Sandur Manganese & Iron Ores has secured a Mine Plan Approval Process (MPAP) allocation for a mining lease, marking a significant development in its mining operations. This allocation may have important implications for the company's mineral extraction activities.

Key Aspects of MPAP Allocation

• Resource Access: The MPAP allocation could potentially grant Sandur Manganese & Iron Ores improved access to mineral resources.
• Operational Implications: This development may affect the company's mining operations.
• Extraction Capabilities: The allocation might facilitate the company's ability to conduct extraction activities.

Potential Outcomes

1. Production Capacity: With access to new mineral resources, the company could potentially increase its production capacity.
2. Operational Efficiency: The new mining lease might lead to more streamlined mining operations.
3. Strategic Growth: This allocation may contribute to the company's long-term strategy in the mining sector.

The specific details of the MPAP allocation and the exact location of the mining lease have not been disclosed. This development represents a step for Sandur Manganese & Iron Ores in its mining industry operations.

Investors and industry observers may monitor how the company utilizes this new allocation to potentially enhance its operational capabilities and market position.