2:1 Bonus Issue by BSE Small-Cap: Stock Up 42% From Year's Low; Check Record Date & More Details

Sandur Manganese & Iron Ores Ltd, a BSE-listed small-cap mining company with a market cap of around Rs. 7,776 crore, announced a 2:1 bonus issue of equity shares. The company announced the corporate action after receiving approval from both BSE and NSE. The bonus issue announcement comes shortly after the stock turned ex-dividend last week, when the company declared a final dividend of Rs. 1.25 per share for its shareholders.

Sandur Manganese & Iron Ores 2:1 Bonus Issue Details

In an exchange filing, the company stated, "Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) 'SEBI (LODR)' Regulations, 2015, we wish to inform you that the Company has received in-principle approval for the issue and proposed allotment of 324,069,876 bonus equity shares of Rs. 10/- each 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 in the company, in terms of Regulation 28(1) of the SEBI (LODR) Regulations, 2015."

Record Date for the Bonus

Sandur Manganese & Iron Ores Ltd today informed the exchanges that 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.

Sandur Manganese & Iron Ore Share Price Performance

Shares of Sandur Manganese & Iron Ores Ltd are trading at Rs. 481.20 at the time of writing, down marginally by 0.18%, but the stock has gained over 5.4% in the past five days and nearly 42% from its 52-week low. On a year-to-date basis, the stock is still up by more than 14%.

Strong Q1 Results FY 2025-2026

The bonus announcement comes on the back of impressive Q1 FY2025-26 results. Sandur Manganese & Iron Ores reported a 97.4% quarter-on-quarter (QoQ) jump in consolidated revenues and an 84.1% increase on a year-on-year (YoY) basis.

Expenses surged by 159% QoQ and 119.3% YoY, due to higher operational costs. Net profit increased by 2.1% QoQ and 15.6% YoY. The company posted an Earnings Per Share (EPS) of 10.3 in Q1 FY2025-26.

About Sandur Manganese & Iron Ores Ltd

Sandur Manganese & Iron Ores Ltd is a major mining company in India, primarily engaged in the extraction and processing of manganese ore and iron ore. The company plays a critical role in the supply chain of minerals that are vital for steel production and infrastructure growth. It has a strong domestic presence and continues to focus on sustainable mining practices.

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