Sanmitra Commercial Limited has successfully completed its corporate restructuring with the Ministry of Corporate Affairs approving the company's name change to Tandhan Industries Limited, effective February 16, 2026. This development follows the unanimous shareholder approval received through postal ballot conducted earlier this month.

Official Name Change Approval

The Registrar of Companies, Central Processing Centre, Ministry of Corporate Affairs has issued the Certificate of Incorporation pursuant to change of name on February 16, 2026. The company has informed BSE Limited about this significant corporate development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Background

The name change was approved through a postal ballot conducted on February 13, 2026, where shareholders demonstrated strong support for the corporate restructuring initiatives. The postal ballot process was conducted entirely through electronic voting via the NSDL e-voting platform.

Shareholder Approval Results

The special resolution for company name change received unanimous approval from all voting categories:

Corporate Compliance and Documentation

Consequent to the name change approval, the company's Memorandum of Association (MOA) and Articles of Association (AOA) have been amended to reflect the new corporate identity. The Certificate of Incorporation has been issued by Assistant Registrar Dhirendra Singh from the Central Processing Centre.

As per regulatory requirements, the company must display both the old and new names at all required locations for a period of two years. The registered address remains unchanged at 13, Prem Niwas 652, Dr. Ambedkar Road, Khar west, Mumbai, Maharashtra.

Additional Corporate Restructuring

Along with the name change, shareholders also approved the relocation of the registered office from Maharashtra to West Bengal with 100% approval across all categories. This comprehensive restructuring reflects the company's strategic repositioning and expansion plans.

The successful completion of these corporate actions demonstrates strong stakeholder confidence in Tandhan Industries Limited's strategic direction and future growth prospects.

Sanmitra Commercial Limited's open offer has concluded with minimal participation from public shareholders, as detailed in the post offer advertisement submitted by Navigant Corporate Advisors Limited to BSE on January 28, 2026. The offer, conducted under SEBI SAST Regulations, saw significantly lower response than anticipated.

Open Offer Performance

The open offer by Ankit Jalan (Acquirer-1) and Anuj Jalan (Acquirer-2), along with six persons acting in concert, concluded on January 20, 2026. The actual participation fell substantially short of projections:

Shareholding Structure Changes

The acquirers and persons acting in concert had acquired 4,01,66,149 shares (69.74%) through share purchase agreement and preferential allotment before the open offer. Post-offer, their combined shareholding stands at 4,02,07,249 shares representing 69.81% of the expanded equity and voting share capital.

*Computed as percentage of pre-preferential equity capital of 1,10,00,000 shares

Offer Timeline and Compliance

The open offer operated from January 6, 2026 to January 20, 2026, with consideration payment completed on January 23, 2026. The detailed public statement was initially published on September 5, 2025, in Financial Express (English), Jansatta (Hindi), and Pratahkaal (Marathi) newspapers.

Key Participants

The offer involved multiple stakeholders:

• Acquirers: Ankit Jalan and Anuj Jalan
• Persons Acting in Concert: Manju Jalan, Radhika Jalan, Prachi Jalan, Ritu Jalan, Divyanshi Jalan, and Daivik Jalan
• Manager to Offer: Navigant Corporate Advisors Limited
• Registrar: Purva Sharegistry (India) Pvt. Ltd

The expanded equity and voting share capital consists of 5,75,97,500 fully paid-up equity shares of Rs. 10 each, including shares allotted through preferential issue and convertible warrants. The post offer advertisement confirms compliance with Regulation 18(12) of SEBI SAST Regulations, 2011.