Sandur Manganese & Iron Ores Limited has informed the Exchange regarding Notice of 71st Annual General Meeting scheduled to be held on September 17, 2025
SANDUMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sandur Manganese & Iron Ores has notified exchanges that its 71st Annual General Meeting (AGM) will be held on Wednesday, 17 September 2025 at 11:00 a.m. via video conferencing. The cut-off date for e-voting eligibility is 10 September 2025, with NSDL providing the e-voting facility from 14-16 September 2025. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend of ₹1.25 per equity share (12.5% on face value of ₹10), and re-appointment of T. R. Raghunandan as director. A special resolution seeks shareholder approval to raise up to ₹1,000 crore through a Qualified Institutions Placement (QIP). Another special resolution proposes re-appointment of promoter Bahirji Ajai Ghorpade as Managing Director for three years from 1 October 2025, with his remuneration potentially exceeding ₹5 crore or 2.5% of net profits. The record date for dividend entitlement is 10 September 2025, with payment expected on or after 22 September 2025.
Shareholders will receive a ₹1.25 per share dividend (if approved) and need to vote by 16 September on items including a potentially dilutive ₹1,000 crore QIP fundraise and the re-appointment of the promoter's Managing Director. The QIP proposal is the most material item, as it could lead to significant equity dilution and is the key risk factor for existing shareholders to assess before voting.