Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for attention to the Shareholders of Sanmitra Commercial ....
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Navigant Corporate Advisors, the manager to the offer, has filed a corrigendum to the Detailed Public Statement for an open offer to acquire up to 1,49,76,000 equity shares (26.00% of expanded capital) of Sanmitra Commercial Limited at Rs. 15 per share. The acquirers are Ankit Jalan and Anuj Jalan, along with six Persons Acting in Concert (Manju, Radhika, Prachi, Ritu, Divyanshi, and Daivik Jalan). The corrigendum mainly revises the schedule of activities following SEBI's observation letter dated December 18, 2025. Key revised dates include the Identified Date (now 22.12.2025), Offer Opening (06.01.2026), and Offer Closure (19.01.2026). A preferential allotment of 3,18,66,799 equity shares and 78,25,000 convertible warrants was made to the acquirers/PACs under SEBI SAST Regulation 22(2A), with no voting rights attached.
For shareholders of Sanmitra Commercial, this corrigendum signals that the Jalan family is formalising control of the company and offering Rs. 15 per share for up to 26% of expanded equity. Shareholders should note the revised offer window (January 6–19, 2026) and decide whether to tender shares. All other offer terms remain unchanged.