Sanmitra Commercial Limited has announced significant changes to its leadership team, effective August 19, 2025. The company's Board of Directors approved these changes during a meeting held on the same day.

CEO Resignation and New Role

Ms. Suman Prakash Shah has resigned from her position as Chief Executive Officer of Sanmitra Commercial Limited. Her resignation takes effect from the close of business hours on August 19, 2025. However, Ms. Shah will continue her association with the company in a new capacity. The Board has approved a change in her designation from Executive Director to Non-Executive, Non-Independent Director.

In her resignation letter, Ms. Shah stated, "While I step down from my executive responsibilities, I look forward to continuing my association with the Company as a member of the Board and contributing towards its strategic direction and long-term growth." She also confirmed that there were no material reasons for her resignation beyond what was stated in her letter.

It's worth noting that Ms. Shah is the spouse of Mr. Prakash Bhoorchand Shah, who serves as a Director of the company.

New Executive Director Appointment

The Board, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Jenil Hitesh Chheda (DIN: 11249310) as Executive Director of the company. Mr. Chheda's appointment is for a term of three years, effective from August 19, 2025, subject to shareholder approval at the upcoming General Meeting.

Mr. Chheda brings over nine years of experience to his new role, with a strong background in sales and operations across various sectors including Real Estate, SaaS, Finance, and EdTech. His expertise spans:

• Sales strategy
• People management
• Recruitment
• Training
• Pilot project launches

Mr. Chheda has a track record of surpassing revenue targets, winning performance awards, and leading high-performing teams across India, the UK, and the USA.

Academically, Mr. Chheda holds a PGDM in Marketing & Operations from ICFAI Business School and a Bachelor of Commerce degree.

New Independent Director

In addition to Mr. Chheda's appointment, the Board has also approved the appointment of Mr. Deepak Pandit (DIN: 11235771) as a Non-Executive, Independent Director. Mr. Pandit's appointment is effective from August 19, 2025, subject to shareholder approval at the ensuing General Meeting.

Mr. Pandit is a Commerce graduate and a semi-qualified Company Secretary. He brings strong knowledge of corporate laws, compliance, governance, and financial management to the Board. His skills include:

• Drafting
• Documentation
• Regulatory filings

Mr. Pandit is known for his adaptability to dynamic business environments.

Looking Ahead

These leadership changes mark a significant transition for Sanmitra Commercial Limited. As the company moves forward with its new leadership structure, shareholders and market observers will be keen to see how these changes influence the company's strategic direction and performance in the coming years.

The Board meeting where these decisions were made commenced at 5:30 PM and concluded at 6:30 PM on August 19, 2025. The company has duly informed the BSE Limited of these changes in compliance with SEBI regulations.

Sanmitra Commercial , a company listed on the Bombay Stock Exchange, has reported significant off-market share transactions involving three individuals. These transactions have resulted in changes to the shareholding structure of the company.

Transaction Details

1. Shobha Ramkishore Darak

   • Sold 40,000 shares
   • Representing 3.64% of total shareholding

2. Kaveri Kailash Darak

   • Acquired 30,000 shares
   • Representing 2.73% of total voting rights

3. Sharda Ramavtar Darak

   • Acquired 30,000 shares
   • Representing 2.73% of total share capital

It's important to note that none of these individuals are part of the promoter or promoter group of Sanmitra Commercial.

Company Share Capital

The company's total equity share capital remains unchanged at 1,100,000 shares, with each share having a face value of Rs. 10.00.

Regulatory Compliance

In compliance with SEBI regulations, Sanmitra Commercial has duly reported these transactions to the Bombay Stock Exchange. The company has filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Upcoming Board Meeting

In a separate announcement, Sanmitra Commercial has informed that its Board of Directors will meet to consider and approve the un-audited financial results for the quarter ended June 30. The company has also closed its trading window for designated persons and their immediate relatives until 48 hours after the declaration of the financial results.

These share transactions and the upcoming board meeting highlight the ongoing corporate activities within Sanmitra Commercial. Investors and market watchers will likely keep a close eye on the company's financial results and any potential impact of these shareholding changes on the company's future direction.