SANDUMANSESandur Manganese & Iron Ores Limited· Ferrous MetalsHighNeutral
Announced Fri, 8 Aug, 2025 · 16:06 IST

Sandur Manganese & Iron Ores Limited has informed the Exchange regarding re-ppointment of Bahirji Ajai Ghorpade as Managing Director of the company w.e.f. October 01, 2025, subject to approval of the shareholders.

Promoter Family Board EntryManagement Changes View source PDFExplain this filing

SANDUMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+0.7%Reaction day
₹155.45
prior close
₹159.25
announcement price
After-mkt
timing
Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+0.5% vs market
Iron & Steel peers, median of 9sector+0.7%+0.0% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-1.0
10m
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15m
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30m
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Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+0.7+0.2+0.5+0.7+0.0
Next day
+0.5+0.2+0.3+1.2-0.7
2d
-0.6+0.9-1.5+2.7-3.3
3d
-1.1+0.1-1.1+0.1-1.1
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-0.9+1.6-2.5+3.6-4.5
5d
+0.5+2.8-2.3+3.2-2.7
1w
-2.0+3.0-5.0+3.9-5.8
15d
+0.0+2.8-2.8+6.1-6.1
1m
-1.6+3.1-4.7+7.0-8.7
2m
+32.8+1.4+31.4+9.6+23.3
3m
+32.9+1.4+31.5+10.9+22.0
UpDownMarket · Nifty Microcap 250Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board of Sandur Manganese & Iron Ores has re-appointed Bahirji Ajai Ghorpade as Managing Director for a fresh three-year term from October 1, 2025 to September 30, 2028, subject to shareholder approval at the upcoming AGM. He has been with the company since 2015 as a management trainee and has been Managing Director since June 2020, overseeing what the company describes as its highest-ever turnover and profitability. He is also the youngest board member, a Promoter Director representing Skand Private Limited (the holding entity), and Chairman & Managing Director of material subsidiary Arjas Steel Private Limited. The re-appointment was recommended by the Nomination and Remuneration Committee and Audit Committee, and he is not debarred by any SEBI order.

Likely market impact

Continuity at the top — shareholders will vote on extending the existing MD's tenure, so no leadership change is expected. This is a routine governance event, but it reinforces promoter family control of the company, which existing investors may view as a sign of stable long-term direction.