The Sandur Manganese & Iron Ores Limited has announced the incorporation of its wholly-owned subsidiary, Royal Sandur Hospitality Private Limited. This new entity, incorporated on August 21, 2026, aims to develop, own, and manage hospitality assets, including hotels and restaurants. The company has invested ₹1,00,00,000 in 10,00,000 equity shares of ₹10 each, securing 100% ownership.
New Hospitality Venture Established
The Sandur Manganese & Iron Ores Limited has officially incorporated a new entity, Royal Sandur Hospitality Private Limited, as its wholly-owned subsidiary. The incorporation date is recorded as August 21, 2026, with the company registered in India. This strategic move signals the company’s intent to diversify its business operations into the hospitality sector.
Business Scope of New Subsidiary
Royal Sandur Hospitality Private Limited is established to engage in the comprehensive business of hospitality. This includes, but is not limited to, the development, ownership, operation, and management of various hospitality establishments such as hotels, resorts, serviced apartments, and restaurants, alongside allied services. The company’s objective is to build a significant presence in this growing market segment.
Investment and Ownership
The Sandur Manganese & Iron Ores Limited has fully funded the establishment of this subsidiary. A total of 10,00,000 equity shares, each with a nominal value of ₹10, have been subscribed to, amounting to a total investment of ₹1,00,00,000. This capital infusion ensures that The Sandur Manganese & Iron Ores Limited holds 100% shareholding and complete control over the newly formed subsidiary.
Source: BSE
