The Sandur Manganese & Iron Ores Limited has announced the incorporation of two wholly-owned subsidiaries, ‘Royal Sandur Hospitality Private Limited’ and ‘Royal Sandur Academy Private Limited’. This strategic move aims to venture into new business lines, specifically hospitality and education/training sectors. The board approved this initiative on August 6, 2026, subject to necessary approvals. The subsidiaries will be capitalised with ₹1,00,00,000/- each through equity shares.
Expansion into New Business Ventures
The Sandur Manganese & Iron Ores Limited has taken a significant step towards diversification by approving the incorporation of two wholly-owned subsidiaries. This decision, made by the Board of Directors on August 6, 2026, signals the company’s intent to explore and enter new business domains, thereby broadening its revenue streams and market presence.
Introducing Royal Sandur Hospitality and Academy
The two newly planned entities are named ‘Royal Sandur Hospitality Private Limited’ and ‘Royal Sandur Academy Private Limited’. ‘Royal Sandur Hospitality Private Limited’ is slated to engage in the business of hospitality, encompassing development, ownership, operation, and management of hotels, resorts, serviced apartments, restaurants, and allied establishments. Concurrently, ‘Royal Sandur Academy Private Limited’ will focus on the academy sector, including education, sports, infrastructure, training, coaching, and related businesses. This includes managing coaching centers, sports academies, and vocational training institutes, alongside developing educational infrastructure and digital learning platforms.
Financial and Ownership Structure
Both subsidiaries will be incorporated in India and will be wholly owned by The Sandur Manganese & Iron Ores Limited. Each entity will issue 10,00,000 equity shares at a price of ₹10/- per share, amounting to a total investment of ₹1,00,00,000/- for each subsidiary. The consideration for these shares will be in cash. The incorporation is subject to obtaining all necessary regulatory approvals, as required under applicable laws.
Source: BSE
