Outcome of Board Meeting

(An ISO 9001:2015; ISO 14001:2015 and 45001:2018 certified company) CIN:L85110KA1954PLC000759; Website: www.sandurgroup.com; Email ID: secretarial@sandurgroup.com REGISTERED OFFICE CORPORATE OFFICE ‘SATYALAYA’, No.266 ‘SANDUR HOUSE’, No.9 Ward No.1, Palace Road Bellary Road, Sadashivanagar Sandur – 583 119, Ballari District Bengaluru – 560 080 Karnataka, India Karnataka, India Tel: +91 8395260300 Tel: +91 80 4152 0176 - 79 / 4547 3000 SMIORE / SEC / 2026-27 / 18 9 July 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 504918 Symbol: SANDUMA Symbol: SANDUMA Dear Sir/ Madam, Sub: Outcome of Board Meeting Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) “SEBI (LODR)” Regulations, 2015 and amendments thereto, the Board of Directors at its 385th meeting held today i.e., Thursday, 9 July 2026, which commenced at 11:30 A.M. and concluded at 3:50 P.M., inter alia, considered and approved the following items: • Re-branding of the Group and venturing into new lines of business: With a view to support the Company’s long-term strategic vision by enabling it to explore diverse business opportunities, strengthen its market presence, sustain growth, and effectively address its evolving business needs, the Company has adopted Group name and Group logo as under: The Company will be venturing into new lines of business namely Hospitality; Academy (education, sports, infrastructure, training/ coaching and connected businesses); Medical Devices and Consumables Manufacturing. The proposed businesses will be carried out by subsidiaries of the Company, to be incorporated in due course of time, subject to applicable laws and regulatory approvals. The Company will further evaluate various opportunities related to the new line of business from time to time. MINES OFFICE: Deogiri - 583112, Sandur Taluk, Ballari District; Tel: +91 8395 271028 PLANT OFFICE: Metal & Ferroalloy Plant, Vyasankere, Mariyammanahalli – 583 222, Hosapete Taluk, Vijayanagara District; Tel: +91 8394 294802 / 805 Page 1 of 8 The Sandur Manganese & Iron Ores Limited To align the rebranding across the Group, name of the existing material subsidiaries of the Company, i.e., Arjas Steel Private Limited and Arjas Modern Steel Private Limited, shall be changed, subject to applicable laws and regulatory approvals. There is no change to the Company’s name and logo. Detailed information as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated 30 January 2026 in respect of same is given in ‘Annexure A’ to this letter. • Appointment of Independent Directors: (i) Appointment of T. R. Raghunandan (DIN: 03637265) as an Independent Director of the Company for a tenure of 5 years with effect from 9 July 2026 to 8 July 2031 (both days inclusive), based on the recommendation of the Nomination and Remuneration Committee and subject to shareholders’ approval in the ensuing Annual General Meeting (AGM) of the Company. He shall continue as Chairman of the Company and of the Board of Directors. (ii) Appointment of Pankajam Sridevi as an Additional Director designated as an Independent Director of the Company for a tenure of 5 years with effect from 10 July 2026 to 9 July 2031 (both days inclusive), based on the recommendation of the Nomination and Remuneration Committee and subject to shareholders’ approval in the ensuing AGM of the Company. T. R. Raghunandan and Pankajam Sridevi are not debarred from holding the office of a Director by virtue of any SEBI order or any other authority. Detailed information as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated 30 January 2026 in respect of aforesaid appointments are given in ‘Annexure B’ to this letter. • Change in position of Chief Financial Officer: With a view to strengthen the governance framework, leadership structure and long-term business strategy of the Company, Manoj Kumar Jha is appointed as Chief Financial Officer, forming part of Key Managerial Personnel and Senior Management Personnel of the Company, with effect from 9 July 2026. This role is in addition to his existing role as Chief Risk Officer. Further, the Board took on record the cessation of Uttam Kumar Bhageria from the position of Chief Financial Officer of the Company with effect from 9 July 2026, while continuing to perform other roles in the Company. Detailed information as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated 30 January 2026 in respect of aforesaid appointments are given in ‘Annexure C’ to this letter. The letter relating to cessation from the position of Chief Financial Officer of the Company is attached as ‘Annexure D’. • Annual General Meeting and Record Date In compliance with the provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015, Circulars issued by Ministry of Corporate Affairs (MCA) and SEBI, 72nd AGM of the Company will be held through Video Conference/Other Audio-Visual Means (VC/OAVM) on Wednesday, the 19th day of August 2026 at 11.00 A.M. (IST). Page 2 of 8 The Sandur Manganese & Iron Ores Limited In furtherance to our intimation to Stock Exchanges vide letter No. SMIORE / SEC / 2026-27 / 10 dated 7 May 2026 regarding recommendation of final dividend of ₹0.50/- (Fifty Paise only) per equity share for the financial year ended 31 March 2026 by the Board, it is informed that the Record Date for the purpose of final dividend is fixed as Wednesday, 12 August 2026. This final dividend, once approved by the shareholders in the ensuing AGM will be paid within 30 days from the date of approval. Pursuant to the Finance Act, 2020, dividends paid or distributed by a Company after 1 April 2020 shall be taxable in the hands of shareholders. The Company shall therefore be required to deduct tax at source (TDS) from dividend paid to the shareholders at prescribed rates in the Income Tax Act, 1961, at the time of payment of final dividend. Kindly note that Annual Report for the financial year ended 31 March 2026 and Notice of the AGM laying down the manner of attending the AGM and casting votes by shareholders shall be intimated to Stock Exchanges and will be circulated to the shareholders in due course within the prescribed timeline. Stock Exchanges are requested to kindly take the same on record. Thank you for The Sandur Manganese & Iron Ores Limited Neha Thomas Company Secretary & Compliance Officer ICSI Membership No. A60853 Page 3 of 8 The Sandur Manganese & Iron Ores Limited Annexure A [Details as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated 30 January 2026] Adoption of new line(s) of business Industry or area to which the new The Company will be venturing into new lines of business namely line of business belongs to Hospitality; Academy (education, sports, infrastructure, training/ coaching and connected businesses); Medical Devices and Consumables Manufacturing. Expected benefits Entering into new lines of business will help in diversification of the business which in turn results in new growth opportunities, competitive advantage, enhanced profitability, enhanced market position, access to emerging industries, risk mitigation and enhanced shareholder value. Estimated amount to be invested The investment depends on various factors, including scale of operations, research and development costs, technologies and equipment etc. The said details will be decided by the Board in due course of time and will be intimated to Stock Exchanges. Acquisition of ‘to be incorporated’ companies Name of the entity, date & country of The Company will be incorporating subsidiaries in India to pursue incorporatio [Showing first 8,000 characters — download PDF for full document]