Sandur Manganese & Iron Ores Limited has appointed Ernst & Young LLP as its internal auditor for the financial year 2026-27, with a term running from 1 April 2026 to 31 March 2027. The appointment was approved by the Board of Directors at its 384th meeting held on 7 May 2026, based on the Audit Committee's recommendation. The decision was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, and was formally communicated to the stock exchanges on 7 May 2026. The filing was signed by Neha Thomas, Company Secretary & Compliance Officer (ICSI Membership No. A60853), on behalf of Sandur Manganese & Iron Ores Limited.
Sandur Manganese & Iron Ore has announced the incorporation of a wholly owned subsidiary, Royal Sandur MedTech, to enter the medical devices manufacturing sector. According to reports from Business Standard, the subsidiary will be engaged in manufacturing, processing, assembling, marketing and distribution of medical devices, surgical products, diagnostic products and healthcare consumables. The company has acquired 10 lakh equity shares of Sandur MedTech, each with a face value of ₹10, aggregating to ₹1 crore. Sandur Manganese & Iron Ore holds a 100% stake in the new subsidiary.
The company reported strong financial results for Q1 FY27, with consolidated net profit jumping 36.28% to ₹227.09 crore compared to the same period last year. As reported by Business Standard, net sales increased by 21.09% to ₹1,374.78 crore in Q1 FY27 over Q1 FY26. Sandur Manganese shares rose 0.84% to settle at ₹184.65 on the BSE following the announcement.
Sandur Manganese & Iron Ore serves as the flagship company of the Karnataka-based Sandur Group. According to Business Standard, the company is involved in mining of low-phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. This diversification into medical devices manufacturing and the appointment of a Big Four firm as internal auditor represents significant strategic shifts for the mining company into the healthcare and compliance sectors respectively.
