Sandur Manganese & Iron Ores Ltd is set to revisit the idea of rewarding its shareholders with bonus shares for the second time in just 12 months. The company’s board will meet on Friday, 8 August, to consider the proposal, as disclosed ahead of the scheduled meeting. This potential corporate action comes on the back of robust revenue performance and follows its first-ever bonus issuance in 2024.
The previous bonus issue was announced in 2024 in a generous 5:1 ratio, granting shareholders 5 additional shares for every 1 share they owned as of the record date. It marked the company's debut free share issue since its inception.
Alongside that bonus, Sandur Manganese also paid out a final dividend of ₹1 per share in 2024. In the years preceding, the company had issued dividends of ₹5 per share in both 2022 and 2023. The record date for the upcoming bonus, however, is yet to be determined.
Despite a slight dip in quarterly profitability, Sandur Manganese maintained strong revenue momentum in Q4FY25. The company posted a consolidated net profit of ₹156 crore, a 4.5% decline from ₹164 crore in the same period last year.
However, total revenue from operations soared to ₹1,330 crore during the quarter, reflecting a sharp 128% year-on-year rise. Known for its work in the metals sector, the company produces ferrosilicon, ferro manganese, pig iron, and silica manganese, cementing its role as a key player in the ferrous alloy industry.
Also Read: Godfrey Phillips Announces 2:1 Bonus Issue and Strong Q1 FY26 Results
As of August 6, 2025, at 2:46 PM, Sandur Manganese & Iron Ores share price is trading at ₹483.90 per share, reflecting a gain of 3.18%. Over the past month, the stock has declined by 0.54%.
The proposal to issue another round of bonus shares underscores Sandur Manganese’s focus on shareholder value, particularly after a milestone financial year. Investors will be watching closely as the board meets on 8 August to decide on what could be the company’s second bonus in just over a year.
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Published on: Aug 6, 2025, 3:52 PM IST
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