Sandur Manganese & Iron Ores: Completion of te rm of G. P. Kundargi as an Independent Director
Sandur Manganese & Iron Ores (SANDUMA) filed a disclosure titled "Completion of te rm of G. The company is valued at about ₹8,742 crore.
What happened
Sandur Manganese & Iron Ores (SANDUMA) filed a disclosure with the exchanges on 11 November 2026 at 04:27 PM titled "Completion of te rm of G. P. Kundargi as an Independent Director".
From the filing: "SMIORE / SEC / 2026 - 27 / 59 dated 3 November 2026, the Board has appointed him as a Non - Executive Director of the Company with effect from 12 November 2026 , liable to retire by rotation , subject to shareholders' approval."
Company snapshot
Sandur Manganese & Iron Ores is a small-cap company in the Metals & Mining sector, with a market value of about ₹8,742 crore.
The stock last traded at ₹179.8, against a 52-week range of ₹153.3–₹273 (34.1% below the high).
Before this filing the shares had moved −1.3% over the month and −13.7% over three months. Average daily turnover over the last 20 sessions was about ₹16.82 crore.
Promoters held 74.22% at the end of Q2 FY27. Foreign institutions owned 1.97% and domestic institutions 0.58%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 1,232 | 138.5 | 2.85 |
| Q3 FY26 | 1,209 | 115.8 | 2.38 |
| Q4 FY26 | 1,511 | 235.8 | 4.85 |
| Q1 FY27 | 1,375 | 227.1 | 4.67 |
| Q2 FY27 | 1,506 | 260.3 | 5.35 |
What history shows
This is not the company's first management change disclosure: BCEIE has 8 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 1.1% on average the next trading day and was down 4.6% on average after five days (4 filings with price data).
Across 72 similar disclosures by other Metals & Mining companies, shares moved +0.4% on average the next day and −0.3% over five days; 56% of them rose the next day.
Market-wide, 4,491 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 6 Aug 2026 | Authorisation For Determining Materiality Of An Event Or Information | −4.2% | −7.4% |
| 9 Jul 2026 | Resignation of Director/KMP/SMP | −0.1% | −3.7% |
| 9 Jul 2026 | Management change | −0.1% | −3.7% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- The Sandur Manganese & Iron Ores Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026
- Sandur Manganese Q2 profit rises 88% on steel and mining
- Former MOIL CMD GP Kundargi joins Sandur Manganese board
- SANDUMA Reports Q2 Revenue Of ₹15.06 Billion Versus ₹12.3 Billion YoY
- Sandur Manganese SANDUMA Q2 FY27 Results: Key Figures
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.