Sanmitra Commercial Limited has issued a corrigendum extending the tendering period for its ongoing open offer due to a trading holiday declared by the Bombay Stock Exchange. The extension ensures shareholders have adequate time to participate in the acquisition process despite the market closure.

Open Offer Details

The open offer is being conducted by Navigant Corporate Advisors Limited on behalf of acquirers Ankit Jalan and Anuj Jalan, along with six persons acting in concert (PACs). The offer targets the acquisition of equity shares in Sanmitra Commercial Limited under SEBI's Substantial Acquisition of Shares and Takeovers Regulations.

Trading Holiday Impact

According to the BSE circular dated January 12, 2026, a trading holiday has been declared on January 15, 2026 (Thursday) due to Municipal Corporation Elections in Maharashtra, 2026. This holiday affects trading in the Offer to Buy section – Acquisition Window for Sanmitra Commercial Limited's open offer.

Consequently, the tendering period has been extended by one day, with the open offer now scheduled to close on January 20, 2026, instead of the previously announced closing date of January 19, 2026.

Revised Schedule of Activities

The company has provided an updated timeline for all open offer activities following the trading holiday adjustment:

Regulatory Compliance

The corrigendum was published on January 13, 2026, in multiple publications including Financial Express (English Daily), Jansatta (Hindi Daily), and Pratahkaal (Marathi Daily). The announcement ensures compliance with SEBI regulations and provides transparency to all stakeholders.

Navigant Corporate Advisors Limited, serving as the manager to the offer, has confirmed that all other terms and conditions of the original Letter of Offer dated December 22, 2025, remain unchanged. The extension solely addresses the impact of the declared trading holiday on the tendering timeline.

Sanmitra Commercial Limited has announced major corporate changes following its board meeting held on January 07, 2026. The company's board of directors approved proposals for a name change and registered office relocation, marking significant developments in the company's corporate structure.

Proposed Name Change

The board has approved changing the company name from Sanmitra Commercial Limited to either Tandhan Industries Limited or Tandhan Polyventure Limited. The final name selection will depend on availability from the Central Registration Centre, Ministry of Corporate Affairs.

Registered Office Relocation

The company has also approved shifting its registered office from the State of Maharashtra to the State of West Bengal. This interstate relocation represents a significant operational change for the company.

Shareholder Approval Process

Both the name change and registered office shifting proposals are subject to shareholder approval. The board has approved convening an Extra-Ordinary General Meeting (EGM) to seek shareholders' consent for these corporate changes. The EGM will also require approvals from concerned statutory authorities as applicable.

Meeting Details

The board meeting was conducted at the company's registered office and lasted for one hour, commencing at 10:30 AM and concluding at 11:30 AM on January 07, 2026. The decisions were made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These corporate restructuring moves indicate the company's strategic direction toward new business segments, as suggested by the proposed names focusing on industries and polyventures. The interstate office relocation may also provide operational advantages in the new location.