Sandur Manganese to Incorporate Wholly Owned Subsidiary in MedTech
Sandur Manganese & Iron Ores Limited will incorporate a wholly-owned subsidiary, 'Royal Sandur MedTech Private Limited', to venture into the medical devices and consumables manufacturing sector. The company will invest ₹1 crore by subscribing to 10,00,000 equity shares of ₹10 each, securing 100% ownership.
The incorporation of a new subsidiary in a new sector represents a strategic move that could lead to future growth, but the immediate financial impact is limited to the initial investment.
The company is expanding into a new sector (MedTech) by incorporating a wholly-owned subsidiary, indicating a strategic growth initiative.
Sandur Manganese & Iron Ores Limited announced today, September 17, 2026, that its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary named 'Royal Sandur MedTech Private Limited'. This decision was made during the company's 387th board meeting, which took place from 4:30 PM to 5:00 PM.
The new subsidiary will focus on the medical devices and consumables sector. Its business activities will include the manufacturing, processing, assembly, marketing, and distribution of medical devices, surgical products, diagnostic products, and healthcare consumables. The incorporation is subject to necessary approvals.
The investment for this venture involves the subscription of 10,00,000 equity shares of ₹10 each, aggregating to ₹1,00,00,000 (1 crore rupees). Sandur Manganese & Iron Ores Limited will hold 100% of the shares in the new entity, establishing it as a wholly-owned subsidiary.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.