Sandur Manganese & Iron Ores Limited (SMIORE) has received in-principle approval for a 2:1 bonus issue, as per an exchange filing. The plan involves issuing 32,40,69,876 new equity shares with a face value of ₹10 each. Shareholders will get two new fully paid-up shares for every one share currently held.
The approval was granted by both major stock exchanges. BSE Limited uploaded its approval letter on the Listing Portal on 4 September 2025. The National Stock Exchange of India Limited (NSE) confirmed its clearance through the NEAPS Portal and by email to the company on 15 September 2025.
Each investor’s shareholding will triple in quantity after the allotment, though the overall ownership percentage remains unchanged. The bonus shares are fully paid-up, carrying the same face value of ₹10 as existing equity shares.
The NSE approval letter outlined conditions before the issue can be completed. These include securing all statutory permissions from regulators such as SEBI, RBI, and the Ministry of Corporate Affairs. The company must also comply with provisions of the Companies Act, SEBI (LODR) Regulations, 2015, and other applicable rules.
Read more: Sandur Manganese Announces Q1FY26 Results; Net Profit Surges to ₹167 Crore!
As part of the process, the company will need to file the required documents specified under the “further issue” framework listed on the NSE website. The exchange has stated that in-principle approval may be withdrawn if any information provided is found to be inaccurate or incomplete.
Following these clearances, SMIORE is expected to proceed with statutory filings and compliance steps before the final allotment and listing of the bonus shares on both exchanges.
As of September 16, 2025, 9:33 AM, Sandur Manganese and Iron Ores share price was trading at ₹481.85, a 0.04% decrease from the previous close.
The in-principle nod for a 2:1 bonus issue allows SMIORE to move forward with issuing over 32.4 crore new equity shares. The completion of this action will depend on meeting all regulatory and statutory requirements.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 16, 2025, 12:36 PM IST
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