The Exchange has received the disclosure under Regulation 29(2) 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, has acquired 7,24,69,746 shares (14.91%) of Sandur Manganese & Iron Ores Ltd following an NCLT order approving the amalgamation of three promoter group companies — Euro Industrial Enterprises, Sandur Sales and Services, and Sandur Udyog — into Lohagiri Industrials. Shares were credited on 15 December 2025. As a result, Lohagiri Industrials' stake rose from 3.28% (1,59,39,090 shares) to 18.19% (8,84,08,836 shares). Importantly, the total promoter group holding remains unchanged at 74.22%, as this is an internal consolidation rather than a fresh purchase from the market.
This is an internal promoter group restructuring with no change in total promoter shareholding or voting power, so it has no direct impact on minority shareholders or the stock price. The amalgamation simply consolidates ownership of Sandur Manganese within one promoter entity.