Sandur Manganese Incorporates Medical Devices Subsidiary

Sandur Manganese & Iron Ores Ltd has received board approval to incorporate a wholly-owned subsidiary, 'Royal Sandur MedTech Private Limited'. This new entity will focus on the manufacturing, processing, assembly, marketing, and distribution of medical devices, surgical products, diagnostic products, and healthcare consumables. The incorporation is subject to necessary approvals and represents a strategic move into the healthcare sector. The initial investment involves subscribing to 10,00,000 equity shares of ₹10 each, totaling ₹1,00,00,000, securing 100% ownership.