Tandhan Industries Limited (formerly Sanmitra Commercial Limited) has announced key organizational developments following its Board of Directors meeting held on March 14, 2026. The company approved additional positions for senior executives in its subsidiary operations, reflecting strategic expansion of leadership roles across the corporate structure.

Board Meeting Outcomes

The Board of Directors convened at the company's corporate office in Mouza Kashyabpur, Howrah, with the meeting running from 1:30 PM to 2:30 PM. The primary focus centered on approving dual roles for key managerial personnel based on recommendations from the Nomination and Remuneration Committee.

Key Personnel Appointments

The board approved two significant appointments that will strengthen the subsidiary company's leadership structure:

Executive Profiles and Qualifications

Mr. Pawan Kumar Agarwal brings extensive financial expertise to his expanded role. He holds a Bachelor's degree in commerce (Accounting and Finance) from Calcutta University and possesses over 35 years of experience in financial management. His expertise encompasses:

• Financial planning and analysis
• Budgeting and treasury management
• Internal controls and risk management
• Strategic financial decision-making
• Corporate finance, taxation, and audit
• Regulatory compliance and data processing

Ms. Priti Priya Singh contributes significant corporate governance experience to her dual role. As an Associate Member of the Institute of Company Secretaries of India (ICSI), she brings over 7 years of specialized experience in:

• Companies Act and allied laws compliance
• Board and Committee management
• Corporate restructuring and due diligence
• Regulatory liaison with authorities and stock exchanges
• Corporate governance best practices implementation
• Policy and agreement drafting

Regulatory Compliance

The appointments align with disclosure requirements under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Both executives maintain no relationships with the Board of Directors or other Key Managerial Personnel, ensuring independence in their expanded roles. The appointments represent strategic organizational development as Tandhan Industries continues to strengthen its subsidiary operations through experienced leadership.

Tandhan Industries Limited (formerly known as Sanmitra Commercial Limited) has received a formal request from its promoter Mr. Prakash Bhoorchand Shah for reclassification from the 'Promoter and Promoter Group' category to the 'Public' category of shareholders. The request was submitted on February 28, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Details

The company has disclosed the current shareholding position of the promoter seeking reclassification:

Regulatory Compliance Confirmations

In his formal request letter, Mr. Prakash Bhoorchand Shah has provided comprehensive confirmations and undertakings as required under SEBI regulations:

• Does not hold more than 10% of total voting rights in the company
• Does not exercise control, directly or indirectly, over company affairs
• Has no special rights through formal or informal arrangements, including shareholder agreements
• Is not represented on the Board of Directors as a director or nominee director
• Does not act as Key Managerial Personnel in the company
• Is not classified as a 'wilful defaulter' as per RBI guidelines
• Is not a fugitive economic offender
• Has no pending regulatory actions that would prohibit reclassification

Regulatory Framework

The proposed reclassification is being processed under Regulation 31A (10) of the SEBI LODR Regulations. The company has noted that the provisions of clause (a) of sub-regulation (3) and sub-regulation (8) of Regulation 31A shall not apply in this case. The request will require approval from the company's Board of Directors, shareholders, and the stock exchanges as mandated under the regulatory framework.

Next Steps

Mr. Shah has requested the company to place this reclassification request before the Board of Directors and subsequently before the shareholders for approval. The company will also need to seek approval from the stock exchanges as part of the reclassification process. The promoter has undertaken to provide any additional information or documents that may be required during the approval process.