The Sandur Manganese & Iron Ores Limited announced that in view of Board Restructuring Plan following directors have offered to step down from the Board in the larger interest of the Company and make way for the proposed inductions: 1. B. Ananda Kumar 2. Vatsala Watsa 3. K. V. Ramarathnam 4. P. Anur Reddy and 5. Lakshmi Venkatachalam. Further, the Board has acceded to the desire of Shri. S. Y. Ghorpade (DIN: 00080477), Chairman to relinquish his position as the Chairman and also step down from directorship, in view of his advancing age, making way for fresh blood and future leadership. The Board has conferred upon Shri. S. Y. Ghorpade the title of Chairman Emeritus for life. The Board has further approved the appointment of Shri. T. R. Raghunandan (DIN: 03637265), Non-Executive Director, as the Chairman of the Board. The Board has also proposed to induct the following as whole-time directors on the Board: 1. Md. Abdul Saleem as Director (Mines) 2. Mubeen Ahmed Sheriff as Director (Commercial) 3. Sachin D. Sanu as Director (Finance) 4. Bahirji A. Ghorpade as Director (Corporate) Formal appointments of the above mentioned shall be undertaken after completing due formalities in the next meeting of the Board of Directors. The Board has further proposed re-designation of Rajnish K. Singh as Director (Plant) instead of the present position of Director (Corporate), which will be given effect to at the next Board meeting.