Tandhan Industries Limited Seeks Shareholder Approval for Key Appointments, Group Loans, and RPTs
Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, is seeking shareholder approval via a Postal Ballot Notice for several crucial corporate actions, including the appointment of multiple directors, sanctioning group loans, and approving material related party transactions (RPTs).The proposed resolutions cover appointments for various key roles and seek authorization for financial assistance and related party dealings during the financial year 2026-27.
Key Director Appointments
The notice proposes the appointment of six individuals to the Board of Directors, with specified tenures and remuneration structures. The appointments are effective from February 27, 2026.| Name | DIN | Proposed Role | Tenure | Max Annual Salary (If Company Has Profits/Loss) |
|---|---|---|---|---|
| Mr. Ankit Jalan | 01835733 | Chairman and Managing Director | 3 years (Feb 27, 2026 to Feb 26, 2029) | Rs. 2,00,00,000/- |
| Mrs. Prachi Jalan | 10454972 | Whole-Time Director | 3 years (Feb 27, 2026 to Feb 26, 2029) | Rs. 1,50,00,000/- |
| Mr. Daivik Jalan | 10808174 | Non-Independent Non-Executive Director | 3 years (Feb 27, 2026 to Feb 26, 2029) | Rs. 90,00,000/- |
| Mrs. Pragati Goel | 10447667 | Non-Executive Independent Women Director | 5 years (Feb 27, 2026 to Feb 26, 2031) | N/A |
| Mr. Giri Raj Parashar | 10491076 | Non-Executive Independent Director | 5 years (Feb 27, 2026 to Feb 26, 2031) | N/A |
| Mr. Shivam Gupta | 07690975 | Non-Executive Independent Director | 5 years (Feb 27, 2026 to Feb 26, 2031) | N/A |
Note: For the directors appointed, remuneration structures provide for the payment of salary and perquisites, which shall not exceed the specified limits even if the company has no profits or its profits are inadequate.
Approval for Corporate Transactions
The resolutions also seek shareholder approval for significant financial dealings:- Group Loans and Guarantees (Item 7): Approval is sought to advance loans, give guarantees, or provide security to any entity within the group (including subsidiaries, associates, or joint ventures). The proposed limit for such assistance is an aggregate sum of Rs. 500 crores (Rupees Five Hundred Crores only), provided the funds are utilized for the principal business activities of the borrowing company.
- Related Party Transactions (Item 8): The Company seeks approval for entering into and continuing with Material Related Party Transactions with Tandhan Polyplast Limited, a wholly owned subsidiary. This approval covers the financial year 2026-27, with a maximum value of Rs. 500 Crore (Rupees Five Hundred Crores only) per transaction.
- Name Change Compliance (Item 9): Shareholder consent is sought to approve a revised certificate from a Practicing Chartered Accountant, confirming compliance with the necessary requirements following the Company’s name change.
Operational Overview
The Postal Ballot Notice, which was circulated on April 23, 2026, details the corporate structure and background of the company, noting that its primary business is the manufacturing, buying, selling, dealing, importing, exporting, and supplying of profile plastic, polyethylene, tarpaulins, molded industrial articles, and other allied plastic products.The e-voting facility for the resolution period is scheduled to begin on Saturday, April 25, 2026, and conclude on Sunday, May 24, 2026. The results of the Postal Ballot will be declared within two working days from the conclusion of the e-voting period.
Stock Price Movement
Sanmitra Commercial Ltd shares settled at ₹69.32 today, closing up 1.99% in the market. Throughout the day's trading session, the stock remained completely flat, locked at the ₹69.32 price point.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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