Sandur Manganese & Iron Ores Limited has informed the Exchange about Order from Hon ble High Court of Karnataka
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The Hon'ble High Court of Karnataka dismissed the company's Writ Petition challenging a demand from the Deputy Conservator of Forests (DCF) for ₹131.25 crore in compensatory afforestation costs plus land. The DCF had issued this demand on 20 June 2025 under forest conservation regulations. Despite the adverse court ruling, the company clarified it holds valid Mining Leases and Forest Clearances, and operations will continue. The company stated it will pursue steps to resolve the afforestation charges and land requirement matter going forward.
The dismissal is a setback as the ₹131.25 crore demand remains active and could impact finances if enforced. However, since operations continue unaffected due to existing valid clearances, near-term stock impact may be limited, though investor sentiment could turn cautious given the unresolved financial liability.