Please find enclosed file.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanmitra Commercial Limited (BSE: 512062) has called its 41st AGM for September 24, 2025 at 12:00 PM via video conferencing. Key special business items include: (1) raising authorised share capital sharply from Rs. 1.25 crore to Rs. 60 crore (6 crore equity shares of Rs. 10), (2) appointing a new secretarial auditor for 5 years, (3) issuing up to 2.97 crore shares at Rs. 15 each (Rs. 44.61 crore) on a swap basis to acquire 100% of Tandhan Polyplast Limited, (4) issuing 21.25 lakh shares at Rs. 15 (Rs. 3.19 crore) for cash to certain Jalan family members, (5) issuing 1.68 crore shares at Rs. 40 (Rs. 67.23 crore) for cash to 61 non-promoter allottees, and (6) issuing 78.25 lakh convertible warrants at Rs. 15 (Rs. 11.74 crore) to Ritu Jalan. The share-swap acquisition will make Ankit Jalan and Anuj Jalan (along with PACs) the new promoters of the company and trigger a mandatory SEBI open offer.
This is a transformational deal – Sanmitra is effectively being taken over by the promoters of Tandhan Polyplast via a reverse-merger-style share swap, accompanied by significant dilution for existing public shareholders through three large preferential issues totalling roughly Rs. 82 crore in cash plus Rs. 11.74 crore in warrants. Shareholders should expect a mandatory open offer to be launched by the incoming Jalan-family promoters, a likely change in the company's core business, and heightened stock-price volatility around the AGM and the open offer.