Sandur Manganese & Iron Ores (SANDUMA) — Announcement

📢 Key Event
Subsidiary receives customs penalty for unpaid export duty

🔄 What Changed
Penalty imposed on subsidiary for prior export duty non-payment

💡 Investor Takeaway
The penalty has no material effect on the company's financial or operational performance.

⚠️ Risks
Potential legal recourse being assessed by subsidiary

Sandur Manganese & Iron Ores announced that its subsidiary Royal Sandur Metals received a ₹12 lakh customs penalty for unpaid export duty on shipments to a SEZ unit prior to acquisition, but the company states there is no material impact on its financial or operational activities.

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About Sandur Manganese & Iron Ores Ltd (SANDUMA)

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

Market Cap: ₹8,781.48 Cr P/E: 12.3 ROE: 22.1% ROCE: 25.5% Div Yield: 0.28%

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"How does this penalty affect future customs compliance?" "What is the subsidiary's plan for legal recourse?" "Could this lead to similar penalties with other regulators?"

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🔥 Also filed on 9 September 2026

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

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