Sandur Manganese & Iron Ores Legal & Regulatory
Sandur Manganese & Iron Ores Ltd's subsidiary, Royal Sandur Metals Private Limited, received a customs penalty order of ₹0.12 Crore.
- Value
- ₹0.12 Cr
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Sandur Manganese & Iron Ores Ltd's subsidiary, Royal Sandur Metals Private Limited, received a customs penalty order of ₹0.12 Crore.
Sandur Manganese & Iron Ores paid a ₹0.02 Crore fine to stock exchanges for a reporting delay. The penalty followed a one-day delay in board meeting intimation.
The Hon’ble High Court of Karnataka dismissed Sandur Manganese & Iron Ores Limited's writ petition challenging a ₹131.25 crore demand for compensatory afforestation. While the court upheld the demand, the company confirmed its mining operations remain unaffected as it continues to hold valid leases and forest clearances.