Sandur Manganese & Iron Ores Limited incorporates Royal Sandur Academy Private Limited as Wholly Owned Subsidiary
Sandur Manganese & Iron Ores Limited has incorporated a new entity, Royal Sandur Academy Private Limited, establishing it as a wholly owned subsidiary. The incorporation was completed and certified by the Ministry of Corporate Affairs on August 14, 2026.The newly incorporated company, Royal Sandur Academy Private Limited, is dedicated to the education sector. Its business scope includes the establishment and management of coaching centres, sports academies, skill development initiatives, vocational training institutes, educational infrastructure, digital learning platforms, and residential facilities.
The subscription for equity shares in the academy was made through cash consideration. The company allotted 10,00,000 equity shares at a price point of ₹10 each, resulting in a total cost of ₹1,00,00,000/- for the subscription.
Details regarding the incorporation and structure of Royal Sandur Academy Private Limited are summarized below:
| Detail | Information |
|---|---|
| Subsidiary Name | Royal Sandur Academy Private Limited |
| Date of Incorporation | August 14, 2026 |
| Parent Company | The Sandur Manganese & Iron Ores Limited |
| Ownership Status | Wholly Owned Subsidiary (100% shareholding) |
| Industry Sector | Academy (Education, Sports, and Training) |
| Subscription Cost | ₹1,00,00,000/- for 10,00,000 equity shares |
SANDUMA Stock Price Movement
Shares of Sandur Manganese & Iron Ores Limited settled down by 1.70% to close at ₹198.01 today. The stock saw sustained trading activity in the post-market session, with a total volume of 689,151 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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