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.

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.