Oil & Gas Stock To Consider Bonus Issue Again In 2025 After 5:1 Allotment In 2024; Should You Jump In Now?

With a seven-decade operational history, Sandur Manganese & Iron Ores Limited (SMIORE) is one of the most reputable private sector merchant miners and commodities manufacturers in India. The company is currently engaged in three business segments: Coke and Energy, Ferroalloys, and Mining (Manganese & Iron Ores). The firm has announced that on August 8, its Board of Directors will convene to declare and consider bonus shares, which will be the second allotment for the eligible shareholders. Sandur Manganese & Iron Ores Ltd. introduced its first bonus issuance in February 2024, offering bonus shares on a 5:1 ratio. As a result, for every share that shareholders owned as on the record date, they received an additional 5 equity shares for free. February 2, 2024 was set as the bonus issue's record date.

Sandur Manganese Upcoming Bonus Shares

"Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, this is to inform Stock Exchanges that meeting of the Board of Directors of the Company is scheduled to be held at 12.30 P.M. on Friday, 8 August 2025 to consider, inter-alia proposal for issue of Bonus Shares to the equity shareholders of the Company," said Sandur Manganese in a stock exchange filing on Tuesday.

How Sandur Mines Set a Benchmark in Green Mining?

Sandur Manganese & Iron Ores Limited (SMIORE) received the prestigious Seven Star Rated Mine award last month, on July 8, 2025, from the Indian Bureau of Mines, Ministry of Mines, for its exceptional performance in 2023-2024. This recognition was given in recognition of Sandur Manganese & Iron Ores Limited's (SMIORE) outstanding initiatives and standards of excellence in green mining.

The sole mine in South India and the top of the three chosen seven-star-rated mines in the nation is Sandur Manganese & Iron Ores. Additionally, the firm received a Five Star Rating for 2023-2024 in recognition of its dedication to sustainable development at its Kammathuru Iron Ore Mine in Sandur Taluk, Ballari District. The total area of the mine is 1,860.10 hectares.

Sandur Manganese Target Price

"Sandur Manganese is trading firm after reclaiming support at ₹470. Resistance is seen at ₹490-₹495, and a breakout may target ₹510. The trend remains constructive, backed by steady price action. A buy-on-dips strategy near ₹475 with a stop-loss at ₹465 is favorable as long as ₹470 holds," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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