SANDUMABSESandur Manganese & Iron Ores LtdMediumNeutral
Announced Thu, 7 May · 20:23 IST

Appointment of Internal Auditor

Management Changes View source PDF

SANDUMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+8.2%1-day move
₹216.99
prior close
₹230.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+4.3+2.3+2.0+8.2+2.8+6.5+7.6+3.2+4.1+3.7-1.8-7.4
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AI summary

Sandur Manganese & Iron Ores Ltd has appointed Ernst & Young LLP (EY) as its Internal Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors at its 384th meeting held on 7 May 2026, based on the recommendation of the Audit Committee. EY is a large global professional services firm that provides risk management, performance improvement, and compliance services. No disclosure was made regarding any relationships between the appointed auditor and the company's directors.

Likely market impact

This is a routine governance update. The appointment of a Big Four firm like EY as internal auditor is generally viewed positively as it may strengthen the company's internal controls and audit quality. No direct impact on stock price is expected.