Sandur Manganese & Iron Ores LimitedSANDUMADeterioratingCriticalmateriality 93 out of 100
Closure of Sandur Pellets Private Limited, Wholly Owned Subsidiary through voluntary liquidation
Distressinsolvency
As filed
Sandur Manganese & Iron Ores Limited has informed the Exchange about closure of Sandur Pellets Private Limited, Wholly Owned Subsidiary through voluntary liquidation
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.