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Tandhan Industries Ltd (formerly Sanmitra Commercial Limited) has seen a complete change of control after the Jalan family (Ankit Jalan, Anuj Jalan along with family members as PACs) successfully completed an open offer and have been inducted as the new promoters. The entire board was reconstituted: 6 directors stepped down including 3 independent directors (Himanshu Khatri, Prateek Chopra, Deepak Pandit), 2 directors (Suman Prakash Shah, Prakash Bhoorchand Shah), and 1 executive director (Jenil Hitesh Chheda). In their place, the Jalan family members were appointed — Ankit Jalan as Chairman and Managing Director (3-year term), Prachi Jalan as Whole-Time Director, and Daivik Jalan as Non-Executive Director, along with 3 new independent directors (Pragati Goel, Giri Raj Parashar, Shivam Gupta). Both the CFO (Jayshri Kishor Jain) and Company Secretary (Neha Kulkarni) resigned, replaced by Pawan Kumar Agarwal and Priti Priya Singh respectively. The company is also setting up a new corporate office in Howrah, West Bengal.
This is a major change-of-control event for retail shareholders. The Jalan family now has full operational control of the company, and the new management may pursue a different business strategy. Investors should monitor the upcoming general meeting for shareholder approval of these appointments and watch for any new business direction announcements.