Sandur Manganese Subsidiary Sandur Pellets Private Limited Voluntarily Liquidated
Sandur Manganese & Iron Ores Limited announced the voluntary liquidation of its wholly-owned subsidiary, Sandur Pellets Private Limited (SPPL). The NCLT approved the liquidation on 29 April 2026. SPPL was incorporated on 7 May 2022 but had no business operations or revenue, leading to its dissolution.
The subsidiary had no operational revenue or significant net worth contribution, thus its liquidation is unlikely to have a material impact on the parent company's financials.
The liquidation of a subsidiary that had no operations or revenue is a procedural event with no immediate financial impact on the parent company.
Sandur Manganese & Iron Ores Limited (SMIORE) has announced the voluntary liquidation of its wholly-owned subsidiary, Sandur Pellets Private Limited (SPPL). The National Company Law Tribunal (NCLT), Bengaluru Bench, approved the liquidation order on 29 April 2026, with the order being uploaded on 1 May 2026. This decision effectively dissolves SPPL.
SPPL was incorporated on 7 May 2022 with the objective of engaging in the production, beneficiation, pelletization, manufacturing, trading, and marketing of ferrous and non-ferrous metals and their by-products. However, the subsidiary had not commenced any business operations or generated any revenue since its incorporation. Consequently, the decision for its dissolution through voluntary liquidation was made.
The company has submitted detailed information as required by SEBI (LODR) Regulations, 2015, to the stock exchanges. The contribution of SPPL to SMIORE's turnover, revenue, income, and net worth during the last financial year was negligible.
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Sandur Manganese & Iron Ores Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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.