The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lohagiri Industrials Pvt Ltd
SANDUMA · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 4.4 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lohagiri Industrials Pvt Ltd, part of the promoter group of Sandur Manganese & Iron Ores Ltd, acquired shares of the company pursuant to an NCLT Bengaluru Bench order dated 29 October 2025 that sanctioned a Scheme of Amalgamation. Under this scheme, three promoter-group entities — Euro Industrial Enterprises, Sandur Sales and Services, and Sandur Udyog — were merged into Lohagiri Industrials, and their shares in Sandur Manganese were credited to Lohagiri on 15 December 2025. As a result, Lohagiri's holding in Sandur Manganese jumped from 1.59 crore shares (3.28%) to 8.84 crore shares (18.19%). Crucially, the total promoter and promoter group shareholding remains unchanged at 74.22%, confirming this is purely an internal restructuring. The acquirer is exempted from making an open offer under Regulation 10(1)(d)(i), which covers inter se transfers within the promoter group.
This is an internal promoter-group reshuffle with no change in ultimate control or total promoter holding, so it is neutral for minority shareholders and unlikely to move the stock price. No open offer obligation arises.