Sanmitra Commercial
22.78
-22.78(-100.00%)
Market Cap₹113.40 Cr
PE Ratio379.67
Company Performance:
1D-100.00%
1M+54.86%
6M+107.09%
1Y+107.09%
5Y+117.37%
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More news about Sanmitra Commercial
17Oct 25
Sanmitra Commercial Acquires Tandhan Polyplast in Rs 44.61 Crore Share Swap Deal
Sanmitra Commercial Limited has acquired 100% of Tandhan Polyplast Limited (TPL) for Rs 44.61 crore through a share swap. TPL, a manufacturer of plastic and polymer-based products, reported a turnover of Rs 16,780.12 lakhs in FY 2024-25. Sanmitra also raised additional capital through preferential allotments. The acquisition triggers an open offer, with new promoters to be classified upon completion.
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16Sept 25
Sanmitra Commercial Revises Preferential Share Allotment, Maintains Total Issue Size
Sanmitra Commercial Limited has revised the allocation of equity shares for its preferential issue of 3,12,500 shares. Manoj Jain's allocation increased to 1,37,500 shares, Leena Harshal Agrawal's decreased to 87,500 shares, and Amit Ashok Todkari's increased to 87,500 shares. This change affects Item Number 6 of the AGM Notice for the company's 41st Annual General Meeting scheduled for September 24, 2025. The total issue size remains unchanged, and all other terms and conditions of the preferential issue remain the same.
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15Sept 25
Independent Directors Approve Open Offer for 26% Stake in Sanmitra Commercial
Sanmitra Commercial Limited's Committee of Independent Directors has approved the ongoing open offer by Ankit Jalan and Anuj Jalan for acquiring 26% stake at Rs. 15 per share, valued at Rs. 22.46 crore. The committee met on January 1, 2026, and concluded the offer is fair and reasonable, marking a significant milestone in the transaction that will result in change of control with the acquirers holding 95.73% post-completion.
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05Sept 25
Sanmitra Commercial Limited Reports Q1 Loss; Announces Open Offer
Sanmitra Commercial Limited (SCL) reported a net loss of ₹2.20 lakhs for Q1, down from a profit of ₹34.71 lakhs in the previous quarter. Total revenue declined to ₹1.80 lakhs from ₹45.63 lakhs. An open offer was announced for 26% of the company's shares at ₹15 per share, with a total consideration of ₹22,46,40,000. The company also proposed a preferential allotment of 3,18,66,799 equity shares, representing 64.02% of the emerging equity. Auditors raised concerns about outstanding trade payables and receivables from discontinued operations.
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05Sept 25
Sanmitra Commercial Open Offer Letter Submitted to BSE for January 2026 Tendering
The official Letter of Offer for Sanmitra Commercial's open offer has been submitted to BSE, outlining the acquisition of 1,49,76,000 shares (26% stake) by Ankit Jalan, Anuj Jalan and PACs at Rs. 15 per share. The tendering period runs from January 6-19, 2026, with the transaction involving preferential allotment and acquisition of Tandhan Polyplast Limited as a subsidiary.
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19Aug 25
Sanmitra Commercial Announces Major Leadership Changes, CEO Suman Prakash Shah Steps Down
Sanmitra Commercial Limited has announced significant leadership changes effective August 19, 2025. CEO Ms. Suman Prakash Shah has resigned but will continue as a Non-Executive, Non-Independent Director. Mr. Jenil Hitesh Chheda has been appointed as Executive Director for a three-year term, bringing nine years of experience in sales and operations. Mr. Deepak Pandit has been appointed as a Non-Executive, Independent Director, bringing expertise in corporate laws and compliance. These appointments are subject to shareholder approval.
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08Aug 25
Sanmitra Commercial Limited: Three Individuals Execute Off-Market Share Transactions
Sanmitra Commercial, listed on BSE, reported off-market transactions involving three individuals. Shobha Ramkishore Darak sold 40,000 shares (3.64%), while Kaveri Kailash Darak and Sharda Ramavtar Darak each acquired 30,000 shares (2.73%). The company's total equity remains at 1,100,000 shares. A board meeting is scheduled to approve Q2 financial results.
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Sanmitra Commercial
22.78
-22.78
(-100.00%)
1 Year Returns:+107.09%
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