Sandur Manganese & Iron Ores (SANDUMA) — Announcement

📢 Key Event
Company incorporates wholly owned hospitality subsidiary Royal Sandur Hospitality Private Limited

🔄 What Changed
New subsidiary created with 100% ownership and ₹10 share price

The Sandur Manganese & Iron Ores Limited announced the incorporation of Royal Sandur Hospitality Private Limited, a wholly owned subsidiary, to develop and operate hotels and resorts. This strategic move diversifies the group's revenue streams beyond mining into the hospitality sector, potentially enhancing long-term growth prospects and shareholder value through new market exposure.

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About Sandur Manganese & Iron Ores Limited (SANDUMA)

Metals & Mining · Mining & Mineral products · Listed on NSE

Market Cap: ₹9,972.44 Cr P/E: 13.9 ROE: 22.1% ROCE: 25.5% Div Yield: 0.24%

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🔥 Also filed on 21 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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