Sandur Manganese Board Notes ₹11,800 Fine for Delayed Board Meeting Intimation
Sandur Manganese & Iron Ores Limited's Board noted a ₹11,800 fine from the NSE for a one-day delay in intimating a Board meeting held on November 7, 2025. The delay was attributed to an overlooked Stock Exchange holiday. The Board reviewed the matter on February 4, 2026.
The fine amount of ₹11,800 is negligible for the company, and the reason for the delay is a procedural oversight. This is unlikely to have any significant impact on the company's operations or financial performance.
The announcement is a routine disclosure regarding a minor fine for a procedural delay. While a fine has been levied, the company has provided an explanation, and the amount is not material. Therefore, the sentiment is neutral.
Sandur Manganese & Iron Ores Limited has addressed a fine of ₹11,800 (inclusive of GST) imposed by the National Stock Exchange for a delay in furnishing prior intimation about a Board of Directors meeting. The fine pertains to a delay in informing the exchange about the board meeting held on 7 November 2025.
The matter was reviewed by the Board of Directors on 4 February 2026. The Board acknowledged the delay, attributing it to an intervening Stock Exchange holiday that was inadvertently overlooked during the submission of the prior intimation. The company has requested the Stock Exchange to take this explanation on record.
The notice from the Stock Exchange, dated 15 December 2025, highlighted a non-compliance with Regulation 29(2) of SEBI (LODR) Regulations, 2015, for the month ended November 30, 2025. The fine amount was ₹10,000 plus 18% GST, totaling ₹11,800. The notice also outlined procedures for requesting a waiver and warned of potential freezing of promoter shareholding if the fine was not paid within 15 days.
What to do with a filing like this
Sandur Manganese & Iron Ores Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Sandur Manganese & Iron Ores Limited. Read the original for the full detail.