Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: Thursday, 9 July 2026 (385th Board Meeting, commenced at 11:30 A.M., concluded at 3:50 P.M.)

Key Financial Highlights:

Not Specified

Corporate Actions:

The Board of Directors approved the adoption of a new Group name and Group logo.

The existing material subsidiaries, Arjas Steel Private Limited and Arjas Modern Steel Private Limited, will have their names changed to align with the new Group identity. This change is subject to applicable laws and regulatory approvals.

There is no change to the name and logo of the listed entity, The Sandur Manganese & Iron Ores Limited.

Other Significant Information:

The Company will venture into new lines of business through subsidiaries to be incorporated in the future. The new business areas are:

  • Hospitality
  • Academy (encompassing education, sports, infrastructure, training/coaching, and connected businesses)
  • Medical Devices and Consumables Manufacturing

The execution of these new businesses is subject to applicable laws and regulatory approvals. The Company will further evaluate various opportunities related to these new lines of business from time to time.

The expected benefits of this diversification include new growth opportunities, competitive advantage, enhanced profitability, enhanced market position, access to emerging industries, risk mitigation, and enhanced shareholder value.

The estimated amount to be invested has not been finalized. The investment will depend on various factors including the scale of operations, research and development costs, and technologies and equipment required. These details will be decided by the Board in due course and intimated to the stock exchanges.

The holding company for the new subsidiaries will be The Sandur Manganese & Iron Ores Limited. Further details regarding the nature of consideration (cash or share swap), cost of subscription, and percentage of shareholding will also be decided by the Board and communicated later.