Sandur Manganese & Iron Ore holds 100% of the equity share capital of the subsidiary. The company has subscribed to 10 lakh equity shares of Royal Sandur Hospitality with a face value of Rs 10 each, aggregating to an investment of Rs 1 crore.
Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It is involved in the mining of low-phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka.
The company reported a 36.28% jump in consolidated net profit to Rs 227.09 crore on 21.09% increase in net sales to Rs 1,374.78 crore in Q1 FY27 over Q1 FY26.
Shares of Sandur Manganese & Iron Ore rose 0.96% to close at Rs 198.95 on the BSE.
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