Board approves new businesses, CFO change, dividend record date

Board & Shareholder Meetings 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

-0.6%1-day move

₹204.26

prior close

₹204.95

base price

After-mkt

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+0.9+0.9+1.0+1.2-0.6-2.1-1.8-2.9-4.1-3.1————

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AI summary

Sandur Manganese & Iron Ores board on July 9, 2026 approved: entry into new businesses (hospitality, education and sports academy, medical devices) via new subsidiaries; renaming Arjas Steel and Arjas Modern Steel under group rebrand; appointing T.R. Raghunandan and Pankajam Sridevi as Independent Directors for 5 years; Manoj Kumar Jha as new CFO replacing Uttam Kumar Bhageria; 72nd AGM on Aug 19, 2026 via video call; record date Aug 12, 2026 for final dividend of 50 paise per share.

Likely market impact

Major diversification into new sectors signals growth ambitions. Final dividend of 50 paise per share. New CFO and directors strengthen governance.