Sanmitra Commercial Ltd has seen a significant change in its shareholding structure and equity capital following a recent preferential allotment. Here are the key details of this corporate action:

Acquisition Details

Kaushik Hasmukhlal Gandhi, along with four persons acting in concert, has acquired a substantial stake in Sanmitra Commercial Ltd. The group's acquisition includes:

• Number of shares acquired: 35,55,000
• Stake percentage: 7.14%
• Mode of acquisition: Preferential allotment

Acquirer Group Composition

The group of acquirers consists of the following individuals:

1. Kaushik Hasmukhlal Gandhi
2. Nimesh Sahadeo Singh
3. Kaushik Hasmukhlal Gandhi HUF
4. Priti Nimesh Singh
5. Khyati Varshit Shah

It's important to note that the acquirer group does not belong to the promoter category of Sanmitra Commercial Ltd.

Impact on Share Capital

The preferential allotment has led to a substantial increase in Sanmitra Commercial's equity share capital:

This represents a significant expansion of the company's equity base, with the number of shares increasing by approximately 45 times.

Timeline and Approval

The board of Sanmitra Commercial Ltd approved the preferential allotment of equity shares and warrants on October 17, 2025.

Stock Listing

Sanmitra Commercial's shares are listed on BSE Limited.

This preferential allotment and the resulting change in shareholding structure could have implications for the company's ownership dynamics and potentially its strategic direction. Investors and market participants may want to monitor any further developments or disclosures from the company regarding this significant corporate action.

Sanmitra Commercial Limited has successfully completed the acquisition of Tandhan Polyplast Limited (TPL), marking a significant expansion into the plastic and polymer-based products industry. The deal, valued at Rs 44.61 crore, was executed through a share swap arrangement, as disclosed by the company in its latest regulatory filing.

Acquisition Details

The acquisition involved Sanmitra Commercial acquiring a 100% equity stake in TPL, comprising 1,21,00,000 equity shares of Rs 10 each. In exchange, Sanmitra allotted 2,97,41,799 equity shares at Rs 15 per share to TPL's shareholders, who now fall under the non-promoter public category.

About Tandhan Polyplast Limited

TPL, incorporated on May 16, 2018, is a public limited company specializing in the manufacturing, trading, and supply of a wide range of plastic and polymer-based products. The company's product line includes:

• Polyethylene and PVC tarpaulins
• Canvas tarpaulins
• Cross-laminated sheets
• Silnylon
• Woven polyester fabrics
• Other waterproofing materials

With its expertise in extrusion and lamination processes, TPL caters to diverse industrial and commercial needs in both domestic and international markets.

Financial Performance

TPL has shown consistent growth over the past three years:

Additional Capital Raising

In addition to the acquisition, Sanmitra Commercial has made multiple preferential allotments to strengthen its capital base:

1. Allotment of 21,25,000 equity shares at Rs 15 each, raising Rs 3.19 crore.
2. Allotment of 1,68,05,701 equity shares at Rs 40 each, raising Rs 67.22 crore.
3. Allotment of 78,25,000 convertible warrants at Rs 15 each.

All these allotments were made to investors in the non-promoter public category.

Strategic Implications

This acquisition is strategically aimed at expanding Sanmitra Commercial's presence in the plastic and polymer-based products industry. By integrating TPL's operations, Sanmitra is poised to gain a stronger foothold in this sector, potentially leading to synergies and expanded market opportunities.

Regulatory Compliance

The acquisition has triggered an open offer under SEBI regulations. Mr. Ankit Jalan and Mr. Anuj Jalan, along with six other individuals acting in concert, are set to be classified as the new promoters of Sanmitra Commercial upon successful completion of the open offer. The existing promoter and promoter group members will be reclassified as public shareholders.

This strategic move by Sanmitra Commercial Limited represents a significant step in its growth trajectory, potentially reshaping its market position in the plastic and polymer products industry.