Sandur Manganese Fixes Record Date For 2:1 Bonus Issue, Allotment On Sept 23

One of India's top producers of commodities, Sandur Manganese & Iron Ores Limited (SMIORE), has announced the record date for bonus shares. In order to determine the shareholders and their eligibility for bonus equity shares, the record date has been fixed. Apart from this, the company has also declared an allotment date, which is the deadline to credit the bonus shares to the eligible shareholders. Check complete details here about Sandur Manganese & Iron Ores bonus shares.

Sandur Manganese Bonus Shares Record Date

"Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company has fixed Monday, 22 September 2025 as the Record Date for the purpose of determining the shareholders and their entitlement for issue and allotment of Bonus Equity Shares in the ratio of 2:1 i.e., 2 (Two) new fully paid-up Equity Shares of Rs 10/- each for every 1 (One) existing fully paid-up Equity Share of Rs 10/- each held by them. Further, pursuant to SEBI Circular No. CIR/CFD/PoD/2024/122 dated 16 September 2024, the Board took on record the deemed date of allotment as Tuesday, 23 September 2025," said Sandur Manganese in a stock exchange filing.

Receipt of In-principle Approval for Bonus Issue

On September 15, Sandur Manganese & Iron Ores Limited announced that it had received in-principle approval from the BSE and NSE to issue and propose the allocation of 32,40,69,876 bonus equity shares of Rs. 10 each. This is in the ratio of 2:1, meaning that for every existing fully paid-up equity share of Rs. 10 each held in the company, there will be two bonus or new shares issued.

On September 4, 2025, BSE Limited granted its permission and posted the letter of approval on the listing portal. The National Stock Exchange of India Limited granted its permission, published the letter of approval to the NEAPS Portal, and sent an email to the company on September 15, 2025, informing it of the approval.

Sandur Manganese Target Price

"Sandur Manganese stock price is bearish on the Daily charts with strong resistance at 503. A daily close below support of 466 could lead to a target of 427 in the near term," commented A R Ramachandran, independent research analyst.

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