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Awaiting price reaction for this filing.
Tandhan Industries Ltd (formerly Sanmitra Commercial Limited) has disclosed the resignation of all its directors and key managerial personnel, effective from the close of business hours on 28th February 2026. The resigning officials include Independent Directors Himanshu Khatri, Prateek Chopra, and Deepak Pandit; Executive Director Jenil Hitesh Chheda; and non-independent Directors Suman Prakash Shah and Prakash Bhoorchand Shah. Additionally, CFO Jayshri Kishor Jain and Company Secretary & Compliance Officer Neha Kulkarni have also stepped down. All resignations cite the same reason — a change in management following the completion of the open offer process under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This is a complete board and KMP overhaul tied to a change in control of the company.
This signals a full change of control at the company via an open offer, meaning new management will take over operations and strategy. Shareholders should expect new board appointments and potential shifts in business direction. The stock could see volatility as the market awaits clarity on the new management's plans.