We would like to inform you that the Board of Directors of Tandhan Industries Limited (Formerly known as Sanmitra Commercial Limited) the Company in its meeting held at the Registered Office ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Following completion of an open offer under SEBI Takeover Regulations, the Jalan family (led by Ankit Jalan and Anuj Jalan) has taken over as the new promoters of the company. Mr. Ankit Jalan has been appointed as Chairman and Additional Managing Director for 3 years, while Ms. Prachi Jalan joins as Additional Whole-Time Director and Mr. Daivik Jalan as Non-Executive Non-Independent Director – all members of the new promoter family. Three new Independent Directors (Pragati Goel, Giri Raj Parashar, Shivam Gupta) were also appointed. The entire previous board (6 directors) resigned, along with the CFO (Jayshri Kishor Jain) and Company Secretary (Neha Kulkarni). New CFO Pawan Kumar Agarwal and CS Priti Priya Singh have been appointed. The company also shifted its corporate office to Howrah, West Bengal.
This is a full change-of-control event – the old promoter group has exited and the Jalan family now controls the company, which may lead to a strategic re-direction of the business. Shareholders should expect the company's operations, board composition, and possibly its core business focus to change under the new management once shareholder approvals are obtained at the next general meeting.