Description

SANDUR MANGANESE & IRON ORES LTD. announces part redemption of debentures with reduced face value to Rs. 94,000 per debenture effective December 16, 2025.

Summary

SANDUR MANGANESE & IRON ORES LTD. has announced part redemption of its 11% Non-Convertible Debentures (ISIN: INE149K07013) maturing on September 30, 2031. The company has fixed December 16, 2025 as the record date for payment of interest and part redemption. Following the redemption, the face value per debenture will be reduced to Rs. 94,000.

Key Points

  • Security: SMIOL-11%-30-9-31-PVT (Code: 976135)
  • ISIN: INE149K07013
  • Record date set for December 16, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 94,000 per debenture
  • Effective date: December 16, 2025
  • Settlement number: DR-778/2025-2026
  • Trading with reduced face value commences from December 16, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing SEBI guidelines for debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with the reduced face value of Rs. 94,000 per debenture from the effective date
  • Trading members are required to update their systems to reflect the reduced face value for settlement purposes
  • Debenture holders eligible as per the record date will receive the part redemption amount and interest payment

Important Dates

  • Record Date: December 16, 2025
  • Effective Date for Reduced Face Value: December 16, 2025
  • Settlement Number: DR-778/2025-2026
  • Notice Date: December 12, 2025

Impact Assessment

Debt Market Impact: This part redemption will reduce the outstanding principal amount of the debentures, improving liquidity for debenture holders while reducing the company’s debt obligations. The reduced face value will be reflected in trading from the effective date.

Investor Impact: Debenture holders on record as of December 16, 2025 will receive part redemption proceeds along with interest payment. Post-redemption, the face value per debenture will decrease, which will be factored into future trading prices.

Trading Impact: Trading members need to ensure their systems are updated to reflect the reduced face value for accurate settlement and valuation purposes.

Impact Justification

Standard corporate action affecting specific debenture holders of SANDUR MANGANESE & IRON ORES LTD. with part redemption and interest payment.