Sandur Manganese & Iron Ores Limited has informed the Exchange about update on closure of SPPL, Wholly Owned Subsidiary through voluntary liquidation
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Sandur Manganese & Iron Ores Limited announced that the National Company Law Tribunal (NCLT), Bengaluru Bench has approved the voluntary liquidation of Sandur Pellets Private Limited (SPPL), its wholly owned subsidiary, effective April 29, 2026. SPPL was incorporated in May 2022 with plans to engage in production, pelletization, and trading of ferrous and non-ferrous metals. However, the subsidiary never commenced any business operations and generated zero operating revenues since its incorporation. The liquidation contribution to the company's turnover was negligible. The dissolution follows board approval given in March 2025 and proceeds under the Insolvency and Bankruptcy Code, 2016.
This closure has minimal financial impact on Sandur Manganese & Iron Ores as SPPL was inactive with negligible revenue contribution. The dissolution simplifies the corporate structure by removing a dormant subsidiary.