Pursuant to the provisions of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulations), The Sandur Manganese & Iron Ores has informed that that, at the recommendation of the Audit Committee, the Board of Directors, at its 370th meeting held on Thursday, 25 April 2024 which commenced at 3.30 pm and concluded at 5.00 pm, had considered and approved strategic business acquisition through purchase of 80% equity share capital of Arjas Steel Private (ASPL), by entering into a Share Purchase Agreement. Accordingly, the Company has entered into the Share Purchase Agreement. Additionally, 19.12% (approx.) stake in Arjas Steel Private will be acquired by BAG Holdings (an entity owned by Bahirji A. Ghorpade, one of the promoters of The Sandur Manganese & Iron Ores). Detailed information as required under SEBI (LODR) Regulations read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated 13 July 2023 is enclosed as ‘Annexure A’ to this letter.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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