The company’s board met on August 8, 2025, to finalise significant developments, including a 2:1 bonus share issue, approval of Q1FY26 results, and reappointment of the MD.
The board has approved a bonus issue in the ratio of 2:1, allotting 2 new equity shares for every 1 existing share, with each share having a face value of ₹10. This move will result in the issuance of 32,40,69,876 new shares amounting to ₹324.07 crore, subject to shareholder approval. Simultaneously, the authorised share capital will increase from ₹200 crore to ₹600 crore to accommodate the expanded equity base.
The Company will credit the Bonus Shares to the eligible shareholders within 2 months from the date of the Board’s approval, i.e., on or before October 7, 2025.
For Q1FY26, ending June 30, 2025, the company reported consolidated revenue from operations of ₹1,135.38 crore, up from ₹601.61 crore in Q1FY25. Net profit rose to ₹167.09 crore compared to ₹144.49 crore a year earlier. Earnings per share increased to ₹10.28 from ₹8.92. This growth was driven largely by the inclusion of revenue from the steel segment after the Arjas Steel acquisition.
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Mining generated ₹370.42 crore, while the steel segment brought in ₹724.94 crore. Ferroalloys and coke & energy contributed ₹43.45 crore and ₹38.35 crore, respectively. These numbers underline the steel segment’s emergence as a dominant contributor to consolidated revenues in this quarter.
The board proposed a final dividend of ₹1.25 per share, subject to shareholder approval. The record date for dividend eligibility is September 10, 2025. The AGM is scheduled for September 17, 2025, at 11:00 AM via virtual mode, with book closure from September 11 to September 17, 2025.
Bahirji Ajai Ghorpade has been reappointed as Managing Director for 3 years from October 1, 2025, to September 30, 2028. The company reported healthy margins, with a standalone operating margin of 45.26% and a consolidated net profit margin of 14.68%. The debt-equity ratios stood at 0.37 standalone and 0.68 consolidated, reflecting strong financial stability.
On August 8, 2025, Sandur Manganese & Iron Ores share price opened at ₹496.70 on NSE, above the previous close of ₹484.50. During the day, it surged to ₹503.00 and dipped to ₹460.00. The stock closed at ₹482.25 by the end of the day. The stock registered a marginal change of 0.46%.
Over the past week, it has moved up by 7.45%, over the past month, it has moved up by 1.54%, and over the past 3 months, it has declined by 4.36%.
The Sandur Manganese board's key decisions, including the 2:1 bonus issue and robust Q1 financials, reflect strategic momentum. Increased capital, dividend declaration, and strong segmental contributions point to sustained growth and sound financial management.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Aug 8, 2025, 4:32 PM IST
Team Angel One
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