Sanmitra Commercial Limited, now known as Tandhan Industries Limited, has announced a substantial acquisition disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition involves promoter group members led by Ankit Jalan and several persons acting in concert (PACs), who have increased their collective stake in the company through an off-market share purchase.

Acquisition Details

The transaction involved the acquisition of 4,74,350 shares, representing 0.95% of the total share capital and 0.82% of the diluted share capital. The acquisition was completed on February 24, 2026, through an off-market sale conducted in accordance with a Share Purchase Agreement dated August 29, 2025.

Pre and Post-Acquisition Holdings

Before the acquisition, the promoter group collectively held 3,96,91,799 shares, representing 64.02% of total share capital and 68.91% of diluted share capital. Post-acquisition, their combined holding increased to 4,01,66,149 shares, representing 64.98% of total share capital and 69.74% of diluted share capital.

Individual Holdings Post-Acquisition

Company Capital Structure

The acquisition has resulted in changes to the company's capital structure. Prior to the transaction, the equity share capital stood at Rs. 1,10,00,000 divided into 11,00,000 equity shares of Rs. 10 each. Post-acquisition, the equity share capital increased significantly to Rs. 49,77,25,000 divided into 4,97,72,500 equity shares of Rs. 10 each.

The total diluted share capital, accounting for outstanding convertible securities and warrants, stands at Rs. 57,59,75,000 divided into 5,75,97,500 equity shares of Rs. 10 each. Notably, Divyanshi Jalan holds 78,25,000 warrants or convertible securities, representing 13.59% of the diluted share capital.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on BSE Limited, and all acquirers belong to the promoter/promoter group category. The filing was submitted by Ankit Jalan as the primary acquirer on behalf of the entire promoter group and persons acting in concert.

Prakash Bhoorchand Shah, a promoter of Tandhan Industries Limited (formerly known as Sanmitra Commercial Limited), has completely divested his stake in the company through an off-market share sale transaction completed on 24th February 2026.

Transaction Details

The promoter sold his entire holding of 4,74,350 equity shares through an off-market transaction executed in accordance with a Share Purchase Agreement dated 29th August 2025. The following table summarizes the key transaction parameters:

Shareholding Impact

The transaction resulted in a complete exit of the promoter from the company's shareholding structure. Prior to the sale, Shah held 0.95% of the total share capital and 0.82% of the diluted share capital.

Company Capital Structure

Tandhan Industries Limited maintains its equity share capital structure unchanged following this transaction. The company's capital composition remains as follows:

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated 25th February 2026. The company's shares are listed on BSE Limited under the symbol ZSANMCOM with scrip code 512062.

This transaction represents a significant change in the company's promoter shareholding pattern, with Shah's complete exit from his equity position in Tandhan Industries Limited.