The Sandur Manganese & Iron Ores Limited has announced the early redemption of its 11% secured, listed, redeemable, rupee-denominated, transferable, and interest-bearing Non-Convertible Debentures (NCDs) totaling ₹4,23,00,00,000/-. The company has sent a notice to Catalyst Trusteeship Limited, Debenture Trustee, and Debenture Holders, informing them of the intent to redeem the NCDs on March 9, 2026. The notice was issued on February 5, 2026.
Early Redemption of NCDs
The Sandur Manganese & Iron Ores Limited (the “Issuer”) has issued a notice for the early redemption of its Non-Convertible Debentures (NCDs). This decision is pursuant to Clause 5.5 of Part B Schedule I (Voluntary Redemption) of the Debenture Trust Deed dated October 23, 2024.
Details of Redemption
The company proposes to redeem the NCDs allotted on October 25, 2024, prior to their maturity date. Key details of the debentures are as follows:
- ISIN: INE149K07013
- Scrip Code: 976135
- Scrip ID: 11SMIOL31
- Number of Debentures: 45,000
- Face Value per Debenture: 94,000
Important Dates
The Early Redemption Date is set for March 9, 2026. The amount for each Debenture will be paid to the relevant Debenture Holder as of the Record Date, which is February 22, 2026.
Additional Information for Debenture Holders
Debenture Holders who transfer their debentures after the date of the Early Redemption Notice will still be bound by the notice. The ISINs of the Debentures will be frozen by the Depositories after the Record Date (February 22, 2026), and trading in the Debentures will be suspended by BSE Limited. No transactions can be carried out by Debenture Holders after the Record Date.
Payment Details
The redemption amount will be paid into the bank accounts of each Debenture Holder as per the records of the relevant depository.
Contact Information
For any queries or clarifications, Debenture Holders can contact Uttam Kumar Bhageria at 9448497926 or via email at [email protected] / [email protected].
Source: BSE
