Announced Thu, 9 Jul · 16:43 IST
Board approves group rebrand, diversification into hospitality and medical devices
Board & Shareholder Meetings View source PDF
SANDUMA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹204.26
prior close
₹204.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.9+1.0+1.2-0.6-2.1-1.8-2.9-4.1-3.1————
Up moveDown movePending
AI summary
Sandur board approved group rebranding and new business lines - Hospitality, Academy, and Medical Devices Manufacturing - through new subsidiaries. Subsidiaries Arjas Steel and Arjas Modern Steel to be renamed. T.R. Raghunandan (former IAS, continues as Chairman) and Pankajam Sridevi appointed Independent Directors for 5 years. Manoj Kumar Jha becomes CFO; Uttam Kumar Bhageria steps down as CFO. Final dividend of 50 paise per share; record date 12 Aug 2026.
Likely market impact
Diversification beyond mining into hospitality, education, and medical devices; final dividend of 50 paise per share; CFO transition.