SANDUMANSE29 May 2025

Sandur Manganese & Iron Ores Limited has informed the Exchange about Investor Presentation

Sandur Manganese & Iron Ores Limited

(An ISO 9001:2015; ISO 14001:2015 and 45001:2018 certified company) CIN:L85110KA1954PLC000759; Website: www.sandurgroup.com

REGISTERED OFFICE ‘SATYALAYA’, No.266 Ward No.1, Palace Road Sandur – 583 119, Ballari District Karnataka, India Tel: +91 8395 260301/ 283173-199 Fax: +91 8395 260473

CORPORATE OFFICE ‘SANDUR HOUSE’, No.9 Bellary Road, Sadashivanagar Bengaluru – 560 080 Karnataka, India Tel: +91 80 4152 0176 - 79 / 4547 3000 Fax: +91 80 4152 0182

SMIORE / SEC / 2025-26 / 12

29 May 2025

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Scrip Codes: 504918 & 976135 Symbol: SANDUMA

Dear Sir/ Madam,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra-Kurla Complex Mumbai - 400 051 Symbol: SANDUMA

Sub:

Investor Presentation for the quarter and year ended 31 March 2025

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation for the quarter and year ended 31 March 2025.

Stock Exchanges are requested to take the same on record.

Thank you

for The Sandur Manganese & Iron Ores Limited

Neha Thomas Company Secretary & Compliance Officer ICSI Membership No. A60853

Encl: A/a

MINES OFFICE: Deogiri - 583112, Sandur Taluk, Ballari District Tel: +91 8395 271025 / 28 / 29 / 40; Fax: +91 8395 271066 PLANT OFFICE: Metal & Ferroalloy Plant, Vyasankere, Mariyammanahalli – 583 222, Hosapete Taluk, Vijayanagara District Tel: +91 8394 244450 / 244335

FORGING A

THE SANDUR MANGANESE & IRON ORES LIMITED NSE: SANDUMA | BSE: 504918 BLOOMBERG: SANDUMA:IN

new path:

Q4FY25 E a r n i n g s P re s e n t a t i o n M A Y 2 0 2 5

FROM MINES TO METALS

ABOUT S MIORE

SMIORE at a Glance

7+ DECADES

As one of the most respected private sector merchant miners of manganese and iron ores

2nd LARGEST

Manganese ore miner in India

3rd LARGEST

Iron ore miner in Karnataka

A+/STABLE

CRISIL and ICRA RATED Robust credit rating for term loans, cash credit and debentures

2,731*

SMIORE family members

Vast Mining Reserves with Leases up to 2033

17 MT

Manganese Ore

117 MT

Iron Ore

Current Capacities

0.599 MTPA Manganese Ore

4.45 MTPA Iron Ore

0.50 MTPA Coke

32 MW WHRB-based Power

42.9 MW Solar-Wind Renewable Energy

95,000/1,25,000 TPA Ferroalloys (SiMn/ FeMn)

*As on 31 March 2025

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ABOUT S MIORE

Operational Units

EVOLUTION OF THE LEASE AREA OVER TIME

Bengaluru Corporate Office

1904 7,511 HA Original Lease

1974 4,715 HA First Renewal

Map not to scale

Mining Leases (Deogiri, Kammathuru, Subbarayanahalli and Ramghad)

Ferroalloy Plant, Power Plant, Coke Oven Plant (Vyasankere)

Ballari and Vijayanagara Districts, Karnataka

1994 3,215 HA Second Renewal

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Ramghad

1973 Area Surrendered: ~2,800 HA

1993 Area Surrendered: ~1,500 HA

Yeshwant Nagar

SMIORE Registered Office

Deogiri

2014 1,999 HA Third Renewal

Some of SMIORE’s Successful Employee Welfare Programs

Food Security: A food package for a family of 5 costs ₹ 145 against actual cost of ~₹4,000, balance being absorbed by the Company.

Subsidized LPG Cylinder: SMIORE provides subsidised LPG cylinders to a large subset of its employees with a 90% subsidy to prevent them from cutting trees for fuel.

Other: Includes cloth subsidy, marriage & festival gifts, medical care, sickness benefits, education & training facilities, housing & electricity, and many more.

ABOUT S MIORE GROUP

Values

that Drive Us

SMIORE is run by the ethos “All that we get (earn) from the soil of Sandur in one form or the other should be primarily used to benefit Sandur“ M . Y . G H O R P A D E

Values

Scientific Mining & Sustainable Operations

Environment Preservation & Community Development

Employee Welfare & Development

Adherence to Highest Corporate Governance Standards

Awards and Recognitions

Awarded 5-STAR rating by the Government of India every year since the introduction of Sustainable Development Framework (SDF)

Other prestigious awards include National Safety Award (Mines) from the Government of India, prizes secured during competitions held by Mines Safety Association Karnataka, prizes secured during competitions held by Mines Environment & Mineral Conservation Association, among others.

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ABOUT S MIORE GROUP

Recent Milestones

April 2023 • Received

Environmental Clearance for mining expansion from 1.6 to 4.5 MTPA of iron ore

June 2023

September 2023

December 2023

January 2024

• Commissioned

42.9 MW captive hybrid renewable energy project

• SMIORE was listed on the National Stock Exchange of India Limited (NSE)

• Announced Bonus Issue of equity shares in the ratio of 5:1

• Commenced

exports of iron ore after lifting of export restrictions by the Hon’ble Supreme Court in May 2022

• SMIORE crossed $ 1 billion in market capitalization

February 2024 • Received

April 2024 • Announced

strategic business acquisition of Arjas Steel Private Limited

enhanced MPAP of 3.81 MT of iron ore and 0.462 MT of manganese ore from the Monitoring Committee

• ICRA upgraded SMIORE’s credit rating to A+(Stable)

September 2024

October 2024

November 2024

• Concluded maiden NCD allotment & its listing on BSE Limited

• Closure of strategic

business acquisition of Arjas Steel Private Limited

• Enhancement in EC for iron ore of 0.216 MTPA at Ramghad mines and received additional Consent for Operation for manganese ore of 0.12 MTPA

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January - March 2025 • Receipt of approval for enhancement of Permissible Annual Production limit of iron ore to 4.36 MTPA, now Consent for Operation (Expansion) awaited

• CRISIL upgraded SMIORE’S credit rating to A+/Stable

April 2025

• Received Consent for Operation - Expansion for enhancement of iron ore production from 3.81 MTPA to 4.36 MTPA & handling of incidental iron ore of 0.327 Million Tonnes within 31 August 2026

SMIORE SectionSMIORE Section

ABOUT S MIORE

Transforming Business Canvas

FY23

1.60 MTPA Iron Ore

0.28 MTPA Manganese Ore

FY24 & FY25

3.81 MTPA Iron Ore

FY26

4.45 MTPA Iron Ore

FY24

0.46 MTPA Manganese Ore

FY25

0.582 MTPA Manganese Ore

0.599 MTPA Manganese Ore

G N N M

S Y O L L A O R R E F

Y G R E N E D N A E K O C

95,000/ 1,25,000 TPA Ferroalloys (SiMn/FeMn)*

0.50 MTPA Coke

32 MW WHRB Based Energy

*Note: Existing capacities are used primarily to produce SiMn/FeMn, hence capacity calculations are as per SiMn/FeMn. However, the Company plans to add new products, hence actual capacities may differ as per the product-mix.

TRAITS

• Asset-light and high Return on

Capital Employed (ROCE)

• Cost-efficient operations resulting in high Operating Profit Margins (OPM) and significant operating-leverage

• Generating consistent Cash Flows

•

SMIORE has set up a hybrid renewable energy plant (42.9 MW) in a SPV to cater the growing energy needs of its Ferroalloys operations.

•

Long-term vision of growth

• Mitigates sustainability concerns as a pure-play merchant miner

•

Forward integration into value-added end-products

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BUS IN ES S VERTICALS REVIEW

Mining – Our Mainstay

MANGANESE ORE

0.599 MTPA Capacity

IRON ORE

4.45 MTPA Capacity

Capacity Enhancement

Manganese ore production capacity has been enhanced from 0.28 MTPA to 0.46 MTPA, with subsequent enhancements to 0.58 MTPA and ultimately to 0.599 MTPA. Similarly, iron ore production capacity has risen from 1.60 MTPA to 3.81 MTPA, and further to 4.45 MTPA. All proposed expansions duly comply with the parameters set by the Hon’ble Supreme Court.

• Mining manganese and iron ores from two mining

leases located in Sandur (Karnataka)

• Fully-mechanized iron ore mining contributing

to higher margins

• Semi-mechanized, labour-intensive manganese ore mining with relatively lower margins but generating large scale employment opportunities

• Mining operations with one of the best operating

metrics & track record in the Industry

• Mining operations conducted with utmost respect for environment and adherence to regulatory norms of authorities

M A N G A N E S E O R E M I N I N G O P E R A T I O N S ( M T P A )

0.28

0.32

0.20

0.21

0.20

0.51

0.18

FY21

FY22

FY23

FY24

FY25

Production

Sales

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I R O N O R E M I N I N G O P E R A T I O N S ( M T P A )

3.81

4.01

1.60

1.59

1.57

1.60

1.58

1.97

1.68

FY21

FY22

FY23

FY24

FY25

Production

Sales

BUS IN ES S VERTICALS REVIEW

Ferroalloys – New and Improved

Turnaround of Ferroalloys operations in FY21 through feasible power generation

Achieved a shift towards cleaner sources of energy such as Waste Heat & Green Energy against previously used coal-based energy

The combination of Coke Oven Plant and WHRB generates power as a by-product, thus leading to substantial savings by eliminating the need for thermal coal

Effective power generation cost was reduced significantly post commissioning of WHRB & further setup of hybrid renewable energy plant

F E R R O A L L O Y S O P E R A T I O N S ( T P A )

SiMn

FeMn

95,000/1,25,000 TPA (SiMn/FeMn) Capacity

Key products Silicomanganese and Ferromanganese

54,698

57,338

53,114

55,174

36,265

37,523

28,694

27,389

28,446

17,954

FY21

FY22

FY23

FY24

FY25

Production

Sales

C A P A C I T I E S

FY22 Onwards

95,000/ 1,25,000 TPA (SiMn/FeMn)*

FY21

48,000/ 66,000 TPA (SiMn/FeMn)

FY20

32,000 TPA

*Note – Existing capacities are used primarily to produce SiMn/FeMn, hence capacity calculations are as per SiMn/FeMn. However, the Company plans to add new products, hence actual capacities may differ as per the product-mix.

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BUS IN ES S VERTICALS REVIEW

Coke and Energy – Strengthening Operations

0.5 MTPA Coke Oven Plant

32 MW Waste Heat Recovery Boilers (WHRB)

0.5 MTPA

4 Batteries with a cumulative capacity of 0.5 MTPA

32 MW

2 Waste Heat Recovery Boilers with a cumulative capacity of 32 MW setup for generating cleaner energy

March 2018

Started expansion work

18 January 2021

Fully commissioned Coke Oven

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CON CLUS ION

SMIORE in a Nutshell

Strong Balance Sheet Robust balance sheet with moderate leverage

Company With a Heart Adhering to the highest standards of corporate governance and sustainability

Disciplined Capital Allocation Guided by strong parentage

Stable & Growing Cash Flows Through long-standing mining operations

New and Improved Ferroalloys Operations, contributing meaningfully to financial performance

Emerging Integrated Player Merchant miner to hot metal & value-added products manufacturer, to enjoy benefits of higher conversion and margins

Strategic Inorganic Growth Strategic business acquisition of Arjas Steel to accelerate SMIORE’s entry into the steel market, in a niche sub-segment (SBQ steel)

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FIN AN CIALS REVIEW

Key Performance Indicators (Standalone)

R E V E N U E , E B I T D A ( ₹ I N C R O R E )

2,249

2,126

E B I T D A M A R G I N S ( I N % )

1,939

38%

44%

747

289

1,009

1,252

451

402

729

36%

30%

21%

P B T & P A T ( ₹ I N C R O R E )

915

675

250

154

359

271

324

238

597

445

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

REVENUE

EBITDA

EBITDA MARGINS (%)

PBT

PAT

C A P I T A L E M P L O Y E D , R O C E ( ₹ I N C R O R E & I N % )

E Q U I T Y , R O E ( ₹ I N C R O R E & I N % )

G R O S S D E B T T O E Q U I T Y ( I N T I M E S )

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

48%

1,940

2,122

2,298

3,614

1,362

19%

18%

FY21

FY22

FY23

15%

FY24

19%

FY25

60% 50% 40% 30% 20% 10% 0%

51%

1,326

2,045

1,797

15%

12%

2,371

19%

916

17%

FY21

FY22

FY23

FY24

FY25

60%

40%

20%

0.37

0.19

0.40

0.11

0.06

FY21

FY22

FY23

FY24

FY25

CAPITAL EMPLOYED

ROCE

AVG. EQUITY

ROE

DEBT TO EQUITY

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Q4FY25 PERFOR M AN C E HIGHLIGHTS

Q4FY25 Operational Highlights

MANGANESE ORE

IRON ORE

FERROALLOYS

COKE

Production

2.33 Lakh Tonne

8.33 Lakh Tonne

6,768 Tonne

0.46 Lakh Tonne

13.51 Lakh Tonne

2,311 Tonne

(39%)

₹7,059/-

(21%)

Decrease

83%

37%

₹3,554/-

(1%)

Flattish

(86%)

660%

₹69,783/-

Increase

Sales

YoY Sales Volume

QoQ Sales Volume

Average/Tonne Realization

QoQ Change in Realizations

Realization Remarks

Sales Volumes Remarks

Significant Decrease in YoY & Increase in QoQ

Significant Increase in YoY & QoQ

Significant Decrease in YoY & Significant Increase in QoQ

Significant Increase in YoY & Signifciant Decrease in QoQ

13,279 Tonne

19,141 Tonne

88%

(38%)

₹28,624/-

10%

Increase

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Q4FY25 PERFOR M AN C E HIGHLIGHTS

Q4FY25 Segment Highlights

M A N G A N E S E O R E O P E R A T I O N A L P E R F O R M A N C E ( L a k h T o n n e & ₹ / T o n n e )

I R O N O R E O P E R A T I O N A L P E R F O R M A N C E ( L a k h T o n n e & ₹ / T o n n e )

8,047

8,530

8,915

7,107

7,059

0.98

0.75

0.85

0.67

0.81

0.19

1.13

0.44

2.33

0.46

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

16.00

14.00

12.00

10.00

8.00

6.00

4.00

2.00

0.00

4,746

3,679

3,582

3,554

2,997

7.63

7.40

8.69

10.73

10.91

6.06

10.17

9.83

8.33

13.51

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Production

Sales

Realisations

Production

Sales

Realisations

F E R R O A L L O Y S O P E R A T I O N A L P E R F O R M A N C E ( T o n n e & ₹ / T o n n e )

C O K E O P E R A T I O N A L P E R F O R M A N C E ( L a k h T o n n e & ₹ / T o n n e )

69,602

69,783

16,538

66,380

64,056

60,069

9,396

6,962

6,464

7,055

7,102

304

6,768

5,944

2,311

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

29,869

29,872

29,947

28,624

26,096

0.20

0.10

0.30

0.26

0.28

0.07

0.14

0.31

0.13

0.19

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Production

Sales

Realisations

Production

Sales

Realisations

2.50

2.00

1.50

1.00

0.50

0.00

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

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Arjas Section

ABOUT ARJAS S TEEL

Leading Independent Player in a Specialised Industry

Snapshot

~0.5 MTPA Manufacturing capacity, being expanded further

Production facilities, one each in Andhra Pradesh & Punjab

~950 acres

Enough land bank & infrastructure to expand up to 1 MTPA in future

A speciality steel company focused on high quality auto grade Special Bar Quality (SBQ) steel

Integrated manufacturer from coke, sinter, hot metal & billets, to value-added bars

Amongst the top 5 players in this very specialised industry

Manufacturing over 100+ grades with varied applications

41 MW

Captive power capacity (Solar + Waste-Heat)

1,585*

Team strength

A+/ Stable

Rated CRISIL

Marquee OEM clientele (direct & via supply-chain partners)

CV & Off-road

Robust financial profile

Revenue & EBITDA growth and a robust balance sheet

Successful acquisition

Acquired & stabilized Modern Steel (Punjab) into Arjas Modern Steel

*As on 31 March 2025

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S UPERIOR BUS IN ES S PROFIL E

Strengthening

an Already Robust Business

A quality business

High-quality convertor: SBQ steel has better realisations and margins vis-à-vis commodity steel products

Strategic locations: To cater to auto OEM clusters in both South & North India

Strong entry barriers: Empaneled vendor, after a stringent process, with numerous auto-Original Equipment Manufacturers (OEM) over many years of operations

Focusing on growing non- auto opportunities: Working on product development for non-auto sectors like Railways (already RDSO approved), Energy, EVs & exports

To be strengthened further Highest-possible integration in the industry

SMIORE will aid sourcing of key RM for Arjas

Limited distance between SMIORE-Arjas (~250 km) and both sites are equipped with railway sidings

s r e m o t s u C

To enhance Arjas’ business positioning & cost- competitiveness further

Quality control & dispatch

Value-add processing

Integrated manufacturing facility (Including coke oven, sinter plant and captive power)

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~250 KM Tadipatri, AP

Sandur, KA Vyasanakere, KA

Map not to scale

Iron ore

Transportation

ARJAS PERFOR M AN C E REVIEW

Arjas Steel Financial Review

Arjas Steel (Consolidated) – Annual

Arjas Steel (Consolidated) – Quarterly

Pre-Acquisition

Post-Acquisition

(₹ Crore)

Particulars

FY24

Upto October 2024

November 2024 - March 2025

FY25

Particulars

November 2024 - December 2024

Q4FY25

Revenue

2,608

1,672

1,212

2,884

Revenue

EBITDA

220

EBITDA Margin

PBT

PBT Margin

(58)

(3%)

135

11%

190

(16)

(1%)

EBITDA

EBITDA Margin

PBT

PBT Margin

470

11%

742

11%

Note: Arjas Steel Private Limited numbers consolidated into SMIORE with effect from 11 November 2024

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Financial Review Section

Q4FY25 PERFOR M AN C E HIGHLIGHTS

Q4FY25 Financial Highlights

Standalone

(In ₹ Crore)

603

Total Income

Growth (YoY)

Growth (QoQ)

Margin

Margins Expansion/ (Contraction) (YoY)

Gross Debt/Equity

244

EBITDA

139

PAT

2,585

Shareholders’ Funds

Consolidated

(In ₹ Crore)

1,330

Total Income

325

EBITDA

157

PAT

2,613

Shareholders’ Funds

Total Income

EBITDA

PAT

Capital Structure

Total Income

EBITDA

21%

16%

40%

(14%)

10%

23%

(54 bps)

(476 bps)

Growth (YoY)

Growth (QoQ)

Margin

Margins Expansion/ (Contraction) (YoY)

0.40

Gross Debt/Equity

128%

37%

36%

25%

24%

PAT

(4%)

14%

12%

Capital Structure

(1,652 bps)

(1,631 bps)

0.72

Note: Arjas Steel Private Limited numbers consolidated into SMIORE with effect from 11 November 2024

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FY25 PERFOR M AN C E HIGHLIGHTS

FY25 Financial Highlights

Standalone

(In ₹ Crore)

Consolidated

(In ₹ Crore)

2,011

Total Income

729

EBITDA

445

PAT

2,585

Shareholders’ Funds

3,212

Total Income

862

EBITDA

471

PAT

2,613

Shareholders’ Funds

Total Income

EBITDA

Total Income

EBITDA

81%

36%

PAT

87%

22%

Capital Structure

Growth (YoY)

51%

Margin

Margins Expansion/ (Contraction) (YoY)

Gross Debt/Equity

Note: Arjas Steel Private Limited numbers consolidated into SMIORE with effect from 11 November 2024

Growth (YoY)

141%

Margin

Margins Expansion/ (Contraction) (YoY)

613 bps

426 bps

(335 bps)

(329 bps)

114%

27%

PAT

97%

15%

Capital Structure

0.40

Gross Debt/Equity

0.72

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Q4FY25 PERFOR M AN C E HIGHLIGHTS

Management Commentary

Mining

The mining segment continues to perform well. Manganese ore production has ramped up significantly, reaching almost to our annual Maximum Permissible Annual Production (MPAP) limits in FY25. While production has increased substantially, the ramp-up in sales is progressing relatively slowly. We are actively pursuing initiatives to expand our domestic market in line with our enhanced MPAP limits and look forward to making further progress on this front in the coming year.

Iron ore production for FY25 was rapidly ramped-up to our MPAP limits for the year. Additionally, we cleared some of the closing stock from previous periods in Q4, resulting in exceptionally high volumes during this quarter.

Realisations for manganese ore witnessed some moderation in Q4, while iron ore realisations remained largely unchanged during the period.

Mining Expansion

A significant development in this area has been the receipt of Consent for Operation - Expansion (CFO - Expand) for one of our mining leases in April, allowing us to enhance iron ore production from 3.81 MTPA to 4.36 MTPA. In addition to the annual capacity expansion at this mine, we also received CFO approval for second mining lease for handling incidental iron ore to the tune of 0.327 million tonnes by 31 August 2026. This approval enables us to sell already excavated ore amounting to 0.327 million tonnes, in addition to our annual production.

With these approvals, all of our interim mining expansions have concluded. Our MPAP limits now stand at 0.599 MTPA for manganese ore and 4.45 MTPA for iron ore. This represents a substantial increase in our operational scale in the mining segment over the past 2 years.

Coke and Energy

Coke volumes remained subdued in FY25. However, I am pleased to report some recent positive developments in this segment. Firstly, we have signed a conversion agreement with a customer effective 1 April 2025. This agreement secures approximately 46% of our capacity under contract, ensuring a steady production and subsequent power generation. It also negates any risk of pricing volatility for aforementioned volumes. With renewable energy in place, it will enable us to generate enough power to operate 2 of our 3 furnaces in the Ferroalloys division in FY26.

Furthermore, as the coking coal markets stabilize, we plan to increase our production in this business segment. As a result, we expect improved performance in this segment in the coming year.

Ferroalloys

The Ferroalloys segment benefited from improved realizations in Q4, although volumes remained a challenge. However, with recent developments in the Coke and Energy segment, we have increased Ferroalloys production from beginning of FY26. Operating 2 furnaces will give us an effective capacity of ~5,000 tonnes per month - a significant increase from our current run-rate.

“We are entering FY26 on a strong footing, with all mining expansions operational from the very start of the year and the added advantage of fully consolidating Arjas Steel.”

The outlook for the steel industry has improved moderately, with the recent imposition of a 12% safeguard duty on certain steel imports being a welcome move, though there is still room for further improvement. Our goal for the Ferroalloys segment in the coming year is to maximize the use of our 2 operational furnaces, which will also enable greater captive consumption of manganese ore and help absorb additional production volumes from the mining segment.

Arjas Steel

Arjas Steel has seen improved profitability in the recent quarter. With the pressure from higher-cost inventory easing and the benefits of cost-control measures taking effect, EBITDA per tonne for Arjas has improved in Q4 despite the overall market being subdued. As industry operating environment improves further, we expect Arjas to show results of our recent strategic initiatives and reflect the strengths of its business model. This also reaffirms our conviction in the market positioning of Arjas Steel. Operationally, there have also been notable developments at Arjas. Recently, we commissioned a Garret Coiler at the Tadipatri site, which has commenced trial production. This has expanded our product portfolio beyond bars, laying the foundation for a more diversified business mix. We have also maintained a steady supply of iron ore from SMIORE to Arjas, supporting effective procurement strategies.

Conclusion

In conclusion, the Company has experienced significant growth in scale of operations in FY25. With mining expansion projects completed and substantial capacities established across other business segments, we are fully prepared to capitalize on the opportunities in FY26. Taking stock of the current year’s performance, the Board has recommended a final dividend of ₹1.25 per equity share, subject to shareholder approval at the ensuing AGM.

E A R N

N G S

P R E S E N T A T I

O N

s a n d u r g r o u p

. c o m

PERFOR M AN C E HIGHLIGHTS

Long-Term Value Creation

Balance Sheet Management

Superior Cash Flows

Disciplined Capital Allocation

Operational Excellence

Shareholder Wealth Creation

7,911

6,911

5,911

4,911

3,911

2,911

1,911

911

7,129

5,872

3,176

58,569

FY22

911

49,509

FY21

2,776

58,992

FY23

73,651

77,415

FY24

FY25

N E T W O R T H ( ₹ I N C R O R E )

1,659

1,934

993

2,158

2,613

FY21

FY22

FY23

FY24

FY25

P A T ( ₹ I N C R O R E )

675

154

471

271

239

FY21

FY22

FY23

FY24

FY25

D I V I D E N D P A Y O U T ( ₹ I N L A K H )

1,350

900

1,620

2,026

1,19,509

1,09,509

99,509

89,509

79,509

69,509

59,509

49,509

Note: Based on BSE data | Market Capitalisation (MCAP) in Crore

Note: FY25 dividend payout subject to shareholder approval.

SANDUMA (MCAP)

SENSEX

FY21

FY22

FY23

FY24

FY25

E A R N

N G S

P R E S E N T A T I

O N

s a n d u r g r o u p

. c o m

Q4FY25 PERFOR M AN C E HIGHLIGHTS

S H A R E H O L D I N G S U M M A R Y ( I N % )

Corporate Information

23.23

Public

2.55

FII + DII

74.22

Promoters

Shareholding Data as on 31 March 2025. Data rounded-off where necessary.

₹552

Current Market Price

₹635/337

52 Week High/Low

₹8,944 CRORE

Market Capitalization

16.20 CRORE

Shares Outstanding

504918

BSE Scrip Code

SANDUMA

NSE Scrip Code

Market Price Data (NSE) as on 28 May 2025

E A R N

N G S

P R E S E N T A T I

O N

s a n d u r g r o u p

. c o m

SafeHarbor

This document which has been prepared by The Sandur Manganese & Iron Ores Limited (the “Company”, “SMIORE”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.

Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

THE SANDUR MANGANESE & IRON ORES LIMITED

Get in touch

NEHA THOMAS C O M P A N Y S E C R E T A R Y A N D C O M P L I A N C E O F F I C E R secretarial@sandurgroup.com/ investors@sandurgroup.com

SAYAM POKHARNA I N V E S T O R R E L A T I O N S A D V I S O R T I L A D V I S O R S P R I V A T E L I M I T E D sayam@theinvestmentlab.in +91 94266 60791

DIWAKAR PINGLE I N V E S T O R R E L A T I O N S A D V I S O R E R N S T & Y O U N G L L P diwakar.pingle@in.ey.com

THE SANDUR MANGANESE & IRON ORES LIMITED

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