Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of Sanmitra Commercial Ltd ("Target Company").
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Awaiting price reaction for this filing.
Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has filed a Pre-Offer Advertisement with BSE under SEBI Takeover Code Regulation 18(7) for Sanmitra Commercial Ltd (BSE: 512062). Acquirers Ankit Jalan and Anuj Jalan, along with six persons acting in concert (Manju, Radhika, Prachi, Ritu, Divyanshi and Daivik Jalan), are making an open offer to buy up to 1,49,76,000 equity shares — about 26% of the expanded share capital — at Rs. 15 per share in cash. The Committee of Independent Directors of Sanmitra Commercial has reviewed and termed the offer price as fair and justified, and no competing bid has emerged. SEBI gave its final observations on the Letter of Offer on 18 December 2025, and dispatch of the Letter of Offer to public shareholders was completed on 30 December 2025.
Public shareholders of Sanmitra Commercial can tender their shares at Rs. 15 each in cash during the offer window (06 January to 19 January 2026). With the acquirer group reportedly led by the Jalan family expanding their holding, this represents a direct takeover trigger and gives existing retail shareholders a clear exit opportunity at the indicated price, while signalling potential change-of-control at the target company.