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, now operating as Tandhan Industries Limited, has announced a crucial board meeting scheduled for February 27, 2026, to address significant changes in the company's management structure and board composition.

Board Meeting Agenda

The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will deliberate on several key matters that will reshape the company's governance structure.

Key Matters for Consideration

The board meeting will address three primary areas of corporate governance:

• Board Composition Changes: The company will consider modifications to the composition of the Board of Directors following the completion of an open offer process conducted in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Committee Reconstitution: Various committees of the board will be reconstituted to align with the new organizational structure
• Ancillary Matters: Additional incidental matters may be decided by the board with the permission of the chairperson

Corporate Background

Tandhan Industries Limited operates under the Corporate Identity Number L22209MH1985PLC034963 and maintains its registered address at 13, Prem Niwas 652, Dr. Ambedkar Road, Khar west, Mumbai, Maharashtra, India, 400052. The company was formerly known as Sanmitra Commercial Limited before its name change.

Regulatory Compliance

The board meeting notification was issued on February 24, 2026, by Mr. Jenil Hitesh Chheda, Executive Director with DIN: 11249310. The announcement ensures compliance with regulatory requirements for prior intimation of board meetings involving significant corporate changes.

The completion of the open offer process under SEBI takeover regulations appears to be the catalyst for these governance changes, indicating a potential shift in the company's ownership structure and management approach.