Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, The Sandur Manganese & Iron Ores has informed that the Company’s announcement to Stock Exchanges on 6 September 2024, regarding issue of secured, listed, rated, redeemable, rupee denominated, transferable and interest bearing Non-Convertible Debentures, ICRA has reviewed the rating on existing bank facilities and proposed issue of Non-Convertible Debentures of the Company. As per their letters dated 20 September 2024, existing bank facilities has been reaffirmed to ‘A+ (Stable)’ and ‘rating watch with developing implications’ has been removed. Further, the proposed Non-Convertible Debentures has been rated ‘A+ (Stable)’. The latest ICRA Ratings are enclosed.
The above information is a part of company’s filings submitted to BSE.
