Sandur Manganese & Iron Ore acquired 10 lakh equity shares of Sandur MedTech, each having a face value of Rs 10, aggregating to Rs 1 crore. The company holds 100% stake in the subsidiary.
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.
Sandur Manganese rose 0.84% to settle at Rs 184.65 on the BSE
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