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.

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.