Sandur Manganese inches up on getting nod to incorporate wholly owned subsidiaries
Sandur Manganese & Iron Ores is currently trading at Rs. 213.60, up by 0.55 points or 0.26% from its previous closing of Rs. 213.05 on the BSE.
The scrip opened at Rs. 214.60 and has touched a high and low of Rs. 216.45 and Rs. 210.85 respectively. So far 22469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.85 on 05-Jan-2026 and a 52 week low of Rs. 141.37 on 28-Aug-2025.
Last one week high and low of the scrip stood at Rs. 217.70 and Rs. 210.00 respectively. The current market cap of the company is Rs. 10351.60 crore.
The promoters holding in the company stood at 74.22%, while Institutions and Non-Institutions held 2.32 % and 23.46 % respectively.
Sandur Manganese & Iron Ores has received approval for the incorporation of two wholly owned subsidiaries under the name and style of ‘Royal Sandur Hospitality’ and ‘Royal Sandur Academy’, subject to necessary approvals.
Royal Sandur Hospitality will be incorporated to carry on the business of hospitality including but not limited to development, ownership, operation and management of hotels, resorts, serviced apartments, restaurants and allied establishments. Royal Sandur Academy will be incorporated to carry on the business of academy including but not limited to establishment and management of coaching centres, sports academies, skill development and vocational training institutes, educational infrastructure, digital learning platforms, residential facilities and allied consultancy and support services.
The Board of Directors of the company, at its meeting held on August 6, 2026, has approved the same.
