Tandhan Industries Limited Approves Key Management Changes and Board Resolutions at Meeting

Tandhan Industries Limited Approves Key Management Changes and Board Resolutions at Meeting​

Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, conducted its Board of Directors meeting on April 18, 2026. During the meeting, the Board considered and approved several major corporate actions, including key management appointments and approvals for related party transactions.

Management and Appointments

The Board of Directors utilized the meeting to approve appointments for several key directorial positions, effective February 27, 2026. The approved appointments included:

• Mr. Ankit Jalan was appointed as Chairman and Managing Director for a term of three years.
• Mrs. Prachi Jalan was appointed as Whole-Time Director for a term of three years.
• Mr. Daivik Jalan was appointed as Non-Independent Non-Executive Director for a term of three years.
• Mrs. Pragati Goel was appointed as Non-Executive Independent Woman Director for a term of five years.
• Mr. Giri Raj Parashar was appointed as Non-Executive Independent Director for a term of five years.
• Mr. Shivam Gupta was appointed as Non-Executive Independent Director for a term of five years.

Transactional Approvals

The Board also addressed crucial corporate transactions and approvals. The Directors considered and approved, subject to shareholder approval, the proposal for advancing loans, giving guarantees, or providing security in connection with any loan taken by any person or entity, in terms of Section 185 of the Companies Act, 2013.

Furthermore, the Board, upon recommendation from the Audit Committee, considered and approved the material related party transactions proposed to be entered into by the company. The Board also approved a revised certificate dated April 18, 2026, issued by a Practicing Chartered Accountant, confirming that the new name, Tandhan Industries Limited, complies with prescribed regulations.

Operational Procedures

To facilitate the approval of the matters discussed, the Board approved the notice for a postal ballot. The meeting also appointed NSDL (National Securities Depository Limited) as the agency responsible for providing the remote e-Voting facility during the postal ballot process. Additionally, Mr. Nuren Nirmal Lodaya, Practicing Company Secretary, was appointed as the Scrutinizer to ensure the fair and transparent conduct of the Postal Ballot.

Stock Price Movement​

As trading wrapped up on Friday, shares of Sanmitra Commercial Ltd settled at ₹65.34, showing a gain of 2.00%. Throughout the day, the stock remained completely locked, with its high and low both resting at ₹65.34.

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