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Sandur Manganese & Iron Ores informs about outcome of board meeting

Sandur Manganese & Iron Ores Ltd. | Mining & Minerals | Metals & Mining | BSE: 504918 | NSE: SANDUMA

11 Apr 2022 Evaluate

Sandur Manganese & Iron Ores has informed that the Board of Directors at its 355th meeting held on Sunday, 10 April 2022, commenced at 10:30 A.M. and concluded at 4:00 PM, had considered and approved the following matters along with other routine businesses: 1. Noting of amendment to Environmental Clearance accorded by Ministry of Environment, Forest and Climate Change ('MOEFC’) Government of India for the change in plant configuration and product mix for the Company’s plant situated at Hanumanahalli Village, Hosapete Taluk, Vijayanagara District, Karnataka and taking up the projects mentioned therein; 2. Entering into Power Purchase Agreement and Share Subscription and Share Holding Agreement (‘together referred to as ‘Agreements’) with Renew Green Energy Solutions (‘ReNew’) for supply of solar and wind power to the Company and its associates, as per the terms and conditions as laid down under the respective Agreements and as may be mutually agreed by both the parties and approved the investment to be made in equity shares in the SPV Company (to be incorporated) and to subscribe to the Memorandum and Articles of Asseqqattirn' SPV Company through its nominee; 3. Incorporation of a wholly owned subsidiary (WOS) company: The proposal of incorporation of a wholly owned subsidiary company under the name and style of 'Sandur Pellets Private Limited' subject to necessary approvals; 4. The issuance of equity shares of Rs. 10 each of the Company on rights basis to eligible equity shareholders of the Company as on the record date (to be notified later). Further the Board has constituted and authorised ‘Right Issue Committee’ to decide detailed terms and conditions of the Issue, including but not limiting to the deciding the payment modalities / schedule thereof, record date, timings, other terms and conditions and all other related matters etc. The promoter and promoter group of the Company will subscribe to all the unsubscribed shares in the Issue, if any.

The above information is a part of company’s filings submitted to BSE.

Sandur Manganese Share Price

218.35 0.65 (0.30%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	438.70
NMDC	89.78
GMDC	733.40
Sandur Manganese	218.35
MOIL	327.60
View more..

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Sandur Manganese & Iron Ores informs about outcome of board meeting

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