The Board of Directors of The Sandur Manganese & Iron Ores Limited has approved the early redemption of its outstanding 45,000, 11% secured, listed, redeemable, and transferable Non-Convertible Debentures (NCDs) of face value ₹94,000 each, aggregating to ₹4,23,00,00,000. The original redemption date was September 30, 2031, but the company has decided to redeem them early, subject to necessary approvals.
Early NCD Redemption Approved
The Sandur Manganese & Iron Ores Limited has announced that its Board of Directors approved the early redemption of certain Non-Convertible Debentures (NCDs) at its meeting held on February 4, 2026. The meeting commenced at 2:00 P.M. and concluded at 4:00 P.M.
Details of the NCD Redemption
The early redemption involves 45,000 outstanding NCDs. These are 11% secured, listed, redeemable, rupee-denominated, transferable, and interest-bearing debentures. The face value of each NCD is ₹94,000, making the total value of NCDs being redeemed ₹4,23,00,00,000 (Rupees Four Hundred Twenty-Three Crore only). These NCDs bear ISIN ‘INE149K07013′.
Redemption Terms and Original Date
The redemption will be carried out according to the terms and conditions outlined in the relevant offer documents. The original final redemption date for these NCDs was September 30, 2031. The company’s decision to redeem them early is subject to required approvals.
Source: BSE
