Sandur Manganese & Iron Ores Limited has informed the Exchange that the Board of Directors at its meeting held on August 08, 2025, have inter-alia considered and approved bonus at the ratio of 2 : 1, i.e 2 Equity Shares for every 1 Equity Share held.
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sandur Manganese & Iron Ores has announced a bonus issue in the ratio of 2:1, meaning 2 new equity shares of ₹10 each for every 1 share held, subject to shareholder approval. The bonus will involve issuing around 32.41 crore new shares worth about ₹324.07 crore, funded entirely from free reserves (which stand at roughly ₹2,581 crore as of 30 June 2025). The record date will be notified later, and bonus shares are expected to be credited by 7 October 2025. The Board also approved increasing authorised share capital from ₹200 crore to ₹600 crore, re-appointed Bahirji Ajai Ghorpade as Managing Director for three years from 1 October 2025, and set 17 September 2025 as the AGM date with a ₹1.25 per share final dividend (record date 10 September 2025). For Q1 FY26, standalone revenue fell to ₹422.7 crore (from ₹601.7 crore a year ago) with profit after tax at ₹128.75 crore and EPS of ₹7.95, while consolidated revenue stood at ₹1,135.4 crore with a net profit of ₹167.1 crore and EPS of ₹10.28.
The 2:1 bonus is a meaningful reward for shareholders, tripling their share count and improving liquidity, though it is typically accompanied by an adjustment in share price. The Q1 FY26 results show a sharp standalone revenue dip year-on-year, though margins remained healthy with net profit margin around 30%, suggesting the decline is partly base-effect driven. The corporate action and steady dividend signal shareholder-friendly management, which is generally positive for sentiment.