Sandur Manganese & Iron Ores Limited has informed the Exchange about receipt of Listing and Trading Approval for Bonus Issue from BSE Limited
SANDUMA · price
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Sandur Manganese & Iron Ores Limited has received final approval from BSE for listing and trading of 32,40,69,876 bonus equity shares of Rs. 10 each, effective from 24 September 2025. This follows the in-principle approval received earlier on 15 September 2025. The bonus shares will now be tradable on the exchange alongside the existing shares (scrip codes 504918 & 976135, symbol SANDUMA). The Company Secretary has formally informed both BSE and NSE about this development.
Shareholders who were eligible for the bonus issue can now see and trade the additional shares in their demat accounts from 24 September 2025. Typically, bonus issues increase liquidity and are viewed neutrally on stock price in the short term (price adjusts downward proportionally), though they signal management's confidence in future earnings.