Sandur Manganese & Iron Ores Limited has informed the Exchange about receipt of In-principle approval for Bonus Issue
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Awaiting price reaction for this filing.
Sandur Manganese & Iron Ores Limited has received in-principle approval from the Exchange for its proposed Bonus Issue. The filing confirms only the regulatory nod at this stage and does not specify the bonus ratio or record date. Shareholders will receive additional shares free of cost once the issue is completed, subject to final approvals. The bonus ratio, record date, and other key details are expected to be announced separately. This is a corporate action that rewards existing shareholders by increasing the number of shares held.
Bonus issues are generally viewed positively by retail investors as they increase share liquidity and signal management confidence, though they do not change the overall value of holdings. Watch for the next announcement detailing the bonus ratio and record date.