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Sanmitra Commercial Limited (BSE scrip code 512062) held its 41st AGM on 24th September 2025 via video conferencing, where all 14 resolutions were passed unanimously with 100% votes in favour and zero votes against. Out of 41 shareholders on record date, votes polled totalled 9,09,150 shares representing 82.65% of the 11,00,000 outstanding shares. Key resolutions approved include adoption of FY25 audited financials, increase in authorised share capital with MOA/AOA changes, preferential issue of equity shares and convertible warrants to non-promoters, alteration of object clause, increase in borrowing limits, power to create charges on assets, higher limits for investments/loans/guarantees, appointment of Mr. Jenil Hitesh Chheda as Executive Director, and appointment of Mr. Deepak Pandit as Non-Executive Independent Director. The company remains a micro-cap entity with a very small shareholder base.
Unanimous approval of all resolutions clears the way for a significant expansion of the company's capital base through preferential allotments and warrants, which will dilute existing shareholders but bring in new capital and potentially change the promoter shareholding mix. The new director appointments and enhanced borrowing/investment limits suggest the company is preparing for a major business shift, though investors should note the very small float and shareholder base make this stock highly illiquid and sensitive to corporate actions.