Key Quantitative Figures
- Royal Sandur Hospitality Private Limited: Subscription of 10,00,000 equity shares of ₹10 each aggregating to ₹1,00,00,000
- Royal Sandur Academy Private Limited: Subscription of 10,00,000 equity shares of ₹10 each aggregating to ₹1,00,00,000
- Shareholding percentage in both subsidiaries: 100%
Dates of Action
- Board meeting date: 6 August 2026
- Meeting timing: Commenced at 11:30 A.M. and concluded at 3:55 P.M.
- Filing date: 6 August 2026
- Reference to previous letter: SMIORE/SEC/2026-27/19 dated 9 July 2026
Parties Involved
- Listed entity: The Sandur Manganese & Iron Ores Limited (CIN: L85110KA1954PLC000759)
- Proposed subsidiaries: Royal Sandur Hospitality Private Limited and Royal Sandur Academy Private Limited
- Regulatory references: SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026
Purpose and Rationale
The subsidiaries are being incorporated to venture into new lines of business as referenced in the company's previous communication dated 9 July 2026. Royal Sandur Hospitality Private Limited will carry on hospitality business including development, ownership, operation and management of hotels, resorts, serviced apartments, restaurants and allied establishments. Royal Sandur Academy Private Limited will operate in the academy business including establishment and management of coaching centres, sports academies, skill development and vocational training institutes, educational infrastructure, digital learning platforms, residential facilities and allied consultancy and support services.
Status and Approvals Required
Both companies are yet to be incorporated. The incorporation is subject to necessary approvals and applicable laws and regulatory approvals as required.
Financial Impact
The total investment amounts to ₹2,00,00,000 (₹1 crore for each subsidiary) through cash consideration for subscription of equity shares. The investment will result in 100% ownership and control of both subsidiaries by The Sandur Manganese & Iron Ores Limited.