Sandur Manganese Subsidiary Receives ₹12 Lakh Penalty Order from Customs
Sandur Manganese's subsidiary, Royal Sandur Metals, received a ₹12 lakh penalty from Customs on September 8, 2026. The penalty relates to alleged non-payment of export duty by a third party on goods procured from the subsidiary prior to its acquisition. The company states there is no material financial impact.
The company has explicitly stated that there is no material impact on its financial or operational activities due to this penalty order.
The announcement reports a penalty order received by a subsidiary. While a penalty is negative, the company explicitly states there is no material impact on its financial or operational activities, and it is exploring legal recourse, making the overall sentiment neutral.
Royal Sandur Metals Private Limited, a material subsidiary of Sandur Manganese & Iron Ores Limited, has received a penalty order amounting to ₹12 lakh from the Office of the Principal Commissioner of Customs, Chennai -III. The order, issued under Section 114 of the Customs Act, 1962, was received on 8 September 2026.
The penalty pertains to the alleged non-payment of export duty by Sundaram Fasteners Limited (SEZ unit) on export goods procured from Royal Sandur Metals Private Limited (formerly Arjas Steel Private Limited). This transaction occurred during the period from 22 May 2022 to 18 November 2022, prior to the acquisition of Royal Sandur Metals by Sandur Manganese.
The penalty was imposed on the grounds that the export duty leviable on the goods supplied by Royal Sandur Metals (as DTA to the SEZ unit) was not paid by the SEZ unit. Sandur Manganese has stated that there is no material impact on its financial or operational activities. The subsidiary is currently reviewing the order and assessing further legal recourse.
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.