The Sandur Manganese & Iron Ores Limited’s board reviewed a fine levied by the Stock Exchange due to a delay in providing prior intimation about a board meeting. The fine, amounting to ₹11,800 (inclusive of GST), was discussed at a board meeting held on February 4, 2026. The board acknowledged the delay, attributing it to an overlooked Stock Exchange holiday.
Explanation of Stock Exchange Fine
The Sandur Manganese & Iron Ores Limited addressed a fine imposed by the Stock Exchange related to a delay in furnishing prior intimation regarding a Board of Directors meeting. The meeting, held on November 7, 2025, concerned matters under Regulation 29(2) of SEBI (LODR) Regulations, 2015.
Details of the Fine
The fine levied amounted to ₹11,800, inclusive of GST. The matter was brought before the Board of Directors during their meeting on February 4, 2026.
Reason for the Delay
The Board acknowledged the fine and attributed the one-day delay to an intervening Stock Exchange holiday that was inadvertently not accounted for during the intimation process. The company has requested the Stock Exchange to record their explanation.
Source: BSE
