The Sandur Manganese & Iron Ores Limited has released its Secretarial Compliance Report for the financial year ending 31 March 2026. The report, verified by an independent practitioner, confirms that the company has largely adhered to mandatory governance and reporting standards. While the company maintained high compliance levels, it addressed minor procedural delays regarding board meeting notifications and fully satisfied the associated financial penalties, ensuring continued alignment with regulatory expectations.
Compliance Overview for FY 2025-26
The company has undergone a thorough review of its secretarial and governance practices for the fiscal year ending 31 March 2026. The assessment confirms that the organization remains committed to transparency and operational integrity. The company has successfully maintained a functional website, adhered to disclosure requirements for events, and ensured that all board and committee meetings were conducted in accordance with established secretarial standards.
Addressing Procedural Observations
During the review period, a minor procedural deviation was identified regarding the one-day delay in submitting prior intimation for a board meeting held on 7 November 2025. This was attributed to an intervening public holiday that was inadvertently missed during the filing process. The company took immediate corrective action, and the associated fine of INR 10,000 each to both national stock exchanges was promptly settled. Management has noted this as a technical oversight and has taken steps to improve its holiday-tracking protocols for future filings.
Subsidiary Governance and Structural Updates
The company continues to oversee its material subsidiaries, specifically Arjas Steel Private Limited and Arjas Modern Steel Private Limited. Additionally, the report highlighted a significant structural development on 29 April 2026, where the Bengaluru Bench of the National Company Law Tribunal (NCLT) ordered the liquidation of Sandur Pellets Private Limited, a wholly-owned subsidiary of the company. The entity continues to ensure full compliance with all relevant corporate governance frameworks across its group companies.
Source: BSE
