The Sandur Manganese & Iron Ores Limited announced the early and full redemption of its 11% secured Non-Convertible Debentures (NCDs) on March 9, 2026. The company redeemed 45,000 NCDs, totaling ₹4,23,00,00,000/-, ahead of their maturity date. This action was completed in compliance with the original terms detailed in the Debenture Trust Deed and Key Information Document, as previously intimated to the exchanges.
Mandatory Disclosure on Debt Instruments
The Sandur Manganese & Iron Ores Limited has officially confirmed the completion of the early redemption of its outstanding Non-Convertible Debentures (NCDs). This disclosure is made pursuant to regulatory requirements, following up on a previous communication dated February 4, 2026, regarding the intended early repayment.
Details of Redemption
On March 9, 2026, the Company redeemed in full the entire tranche of its 11% secured, listed, redeemable, rupee denominated NCDs. The specific details of the redeemed securities are as follows:
- Number of NCDs Redeemed: 45,000 units.
- Face Value per NCD: ₹94,000/- each.
- Total Redemption Value: Aggregating to ₹4,23,00,00,000/-.
- ISIN: ‘INE149K07013’.
This early extinguishment of the liability was carried out strictly in accordance with the conditions set forth in the initial financing documents, including the General Information Document and the Debenture Trust Deed. The management confirmed that all formalities related to the repayment have been successfully concluded on the announcement date.
Corporate Sign-off
The announcement was finalized and digitally signed by Neha Thomas, Company Secretary & Compliance Officer, confirming the successful execution of the debt retirement plan.
Source: BSE
