Sandur Manganese & Iron Ores Limited has informed the Exchange about issue of Bonus Shares in the ratio of 2:1
SANDUMA · price
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The Board of Directors of Sandur Manganese & Iron Ores Limited, at its meeting on 8 August 2025, approved a bonus issue of equity shares in the ratio of 2:1, meaning 2 new equity shares of ₹10 each for every 1 existing share held. The company will issue approximately 32.4 crore new shares, totalling around ₹324.07 crore, to be allocated from free reserves as on 30 June 2025. Post-issue, the paid-up equity capital will rise from about 16.2 crore shares to roughly 48.6 crore shares. The bonus is subject to shareholder approval, and the record date will be announced later, with shares expected to be credited by 7 October 2025.
This is a generous bonus (2:1) funded entirely from free reserves, signalling strong financial health. While the share count triples, the company's underlying value does not change, so existing shareholders will simply hold three times as many shares at one-third the price each, with no direct cash benefit unless combined with strong earnings growth.