Sandur Manganese & Iron Ores (SMIORE) has announced that its board approved a 2:1 bonus share issue.

Shareholders will receive two new shares for every one existing share.

This move, contingent on shareholder approval, will utilize ₹324.07 Cr from the company's free reserves.

As of June 30, 2025, free reserves stood at ₹2,581.41 Cr.

The bonus shares are anticipated to be credited within two months of the board's decision.

This initiative aims to expand the equity base and enhance stock liquidity for investors.