Sandur Manganese & Iron Ores Limited has informed the Exchange about completion of early redemption of Non-Convertible Debentures
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Sandur Manganese & Iron Ores has completed the early redemption of its Non-Convertible Debentures on 9 March 2026, ahead of the scheduled maturity date. The company redeemed 45,000 secured NCDs of face value ₹94,000 each, carrying an 11% interest rate, aggregating to ₹423 crore in total. The NCDs (ISIN: INE149K07013) were redeemed in full as per the terms of the Debenture Trust Deed. This follows the company's earlier intimation dated 4 February 2026 about the planned early redemption.
This is a positive development for shareholders — the company has cleared a ₹423 crore debt obligation ahead of schedule, which will reduce future interest outflows at 11% and strengthen its balance sheet, improving financial flexibility.