Sandur Manganese & Iron Ores Limited has informed the Exchange about receipt of Listing and Trading Approval for Bonus Issue from NSE
SANDUMA · price
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Awaiting price reaction for this filing.
Sandur Manganese & Iron Ores Limited has received approval from the National Stock Exchange (NSE) for listing and trading of the bonus shares it had announced. A bonus issue means the company is giving free additional shares to its existing shareholders, usually in a fixed ratio (e.g., 1:1 or 2:1). This approval means the bonus shares will now be credited to eligible shareholders' demat accounts and can be traded on the exchange. The company had earlier declared the bonus issue, and this is the final step before the shares become active.
For shareholders, this is generally a neutral to mildly positive event as it increases the number of shares held without any cost, though the share price typically adjusts downward proportionally. No immediate cash benefit, but it reflects the company's confidence in its financial position.