Lohagiri Industrials boosts stake in Sandur Manganese to over 18%

Lohagiri Industrials Private Limited submitted a revised disclosure detailing its increased stake in The Sandur Manganese & Iron Ores Limited. The revision clarifies the categorization of Yashodaradevi Shivrao Ghorpade under the 'Promoter Group' instead of 'Promoter.'

This substantial acquisition resulted from an amalgamation scheme approved by the National Company Law Tribunal (NCLT) on October 29, 2025. Euro Industrial Enterprises Private Limited, Sandur Sales and Services Private Limited, and Sandur Udyog Private Limited merged with Lohagiri Industrials Private Limited, with shares credited to Lohagiri on December 15, 2025.

Post-acquisition, Lohagiri Industrials' holding in The Sandur Manganese & Iron Ores Limited has risen from 1,59,39,090 shares (3.28% pre-merger) to 8,84,08,836 shares, representing an 18.19% stake in the target company's total equity share capital. The acquisition is exempt from an open offer under SEBI regulations.