Tandhan Industries Limited Passes Multiple Special and Ordinary Resolutions Through Postal Ballot
Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, announced the successful outcome of its Postal Ballot conducted through remote e-voting. The voting period concluded on May 24, 2026, with the results confirming the passage of nine key resolutions required for the company's governance and operations.The resolutions, which were proposed in a Postal Ballot Notice dated April 18, 2026, cover critical corporate actions, including the appointment of several key directors and the approval of material transactions.
Director Appointments and Key Corporate Approvals
The company’s members passed multiple Special Resolutions authorizing several crucial leadership appointments and operational approvals. These resolutions were successfully passed, notably with votes cast in favor achieving 100.0000% of the total eligible votes for the public section.Key appointments approved by the Special Resolutions include:
- Chairman and Managing Director: Mr. Ankit Jalan (DIN: 01835733) was appointed for a term of three years, effective from February 27, 2026.
- Whole-Time Director: Mrs. Prachi Jalan (DIN: 10454972) was appointed for a term of three years, effective from February 27, 2026.
- Non-Independent Non-Executive Director: Mr. Daivik Jalan (DIN: 10808174) was appointed for a term of three years, effective from February 27, 2026.
- Non-Executive Independent Women Director: Mrs. Pragati Goel (DIN: 10447667) was appointed for a term of five years, effective from February 27, 2026.
- Non-Executive Independent Director: Mr. Giri Raj Parashar (DIN: 10491076) was appointed for a term of five years, effective from February 27, 2026.
- Non-Executive Independent Director: Mr. Shivam Gupta (DIN: 07690975) was also appointed for a term of five years, effective from February 27, 2026.
Operational Resolutions Passed
Beyond director appointments, members also approved vital operational and compliance matters through various Special and Ordinary Resolutions:- Section 185 Approval: Approval was granted for advancing loans, giving guarantees, or providing security and authorization to Directors to execute related documents.
- Material Related Party Transactions: The company received approval for Material Related Party Transactions with Tandhan Polyplast Limited, which was passed as an Ordinary Resolution.
- Compliance Certificate: The members approved the revised certificate issued by a Practicing Chartered Accountant, confirming compliance with the company's listing requirements.
| Resolution No. | Type | Subject Matter | Outcome |
|---|---|---|---|
| 1 | Special | Appointment of Mr. Ankit Jalan as Chairman and Managing Director. | Passed |
| 2 | Special | Appointment of Mrs. Prachi Jalan as Whole-Time Director. | Passed |
| 3 | Special | Appointment of Mr. Daivik Jalan as Non-Independent Non-Executive Director. | Passed |
| 4 | Special | Appointment of Mrs. Pragati Goel as Non-Executive Independent Women Director. | Passed |
| 5 | Special | Appointment of Mr. Giri Raj Parashar as Non-Executive Independent Director. | Passed |
| 6 | Special | Appointment of Mr. Shivam Gupta as Non-Executive Independent Director. | Passed |
| 7 | Special | Approval under Section 185 (Loans, Guarantees, Security). | Passed |
| 8 | Ordinary | Approval for Material Related Party Transaction(s) with Tandhan Polyplast Limited. | Passed |
| 9 | Special | Approval of revised certificate under Regulation 45(3). | Passed |
The remote e-voting period was accessible to shareholders until May 24, 2026, at 5:00 P.M. (IST). The Scrutinizer's report confirms that all nine resolutions were passed with the requisite majority, ensuring the continuity and governance framework of the company.
Stock Price Movement
Sanmitra Commercial Ltd finished Monday's session at ₹102.87, closing with a strong gain of 1.99%. The stock's price action was completely locked in, as its high and low for the entire day remained identical at ₹102.87.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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