Sandur Manganese & Iron Ores has completed an early redemption of 45,000 non-convertible debentures (NCDs) on 9 March 2026, aggregating ₹423 crore, ahead of their scheduled maturity date.
The NCDs were 11% secured, listed, redeemable, rupee denominated, transferable and interest bearing instruments, each with a face value of ₹94,000. The redemption was executed in accordance with conditions stipulated in the Key Information Document, General Information Document and Debenture Trust Deed.
The company had intimated stock exchanges on 4 February 2026 regarding its intention to undertake early redemption of the debentures. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.