Sandur Manganese Proposes ₹0.50 Dividend, a Steep Cut From ₹5.00

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AuthorAnanya Iyer|Published at:
Sandur Manganese Proposes ₹0.50 Dividend, a Steep Cut From ₹5.00
Overview

Sandur Manganese & Iron Ores Ltd's Board proposed a final dividend of ₹0.50 per equity share for the financial year ending March 31, 2026. This marks a notable reduction compared to previous payouts and awaits shareholder approval. The record date for this dividend is yet to be announced.

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Sandur Manganese & Iron Ores Ltd's Board of Directors has recommended a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. The proposal, made on May 7, 2026, awaits shareholder approval at the company's upcoming Annual General Meeting (AGM).

This recommended payout marks a significant reduction from previous years. Sandur Manganese paid a final dividend of ₹5.00 per share for the financial year 2023, and ₹5.00 per share in FY22.

The proposed ₹0.50 dividend is considerably lower than those of its mining sector peers. For FY23, MOIL Ltd recommended a final dividend of ₹3.75 per share, while NMDC Ltd proposed ₹5.75 per share.

Shareholders will need to approve the dividend at the AGM, after which the company will announce a record date to determine eligibility. The actual disbursement will follow these steps.

Investors may react to the substantial cut from prior payouts, and will be monitoring the AGM outcome, record date announcement, and management commentary regarding the rationale for the reduced dividend. Full financial results for FY26 will provide further context on the company's performance.

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