Sanmitra Commercial Ltd — Important, 29-08-2025: Company Update

Sanmitra Commercial's Board approved major growth initiatives. The company plans to acquire 100% of Tandhan Polyplast, a plastic and polymer products manufacturer with a turnover of ₹167.80 Cr, for ₹44.61 Cr through a share swap. To fuel expansion, the Board also approved preferential issuance of equity shares for ₹3.19 Cr (at ₹15/share) and ₹67.23 Cr (at ₹40/share), plus convertible warrants worth ₹11.74 Cr (at ₹15/warrant). These moves, along with an increase in authorized share capital to ₹60 Cr and enhanced borrowing/investment limits up to ₹500 Cr, are subject to shareholder approval, signaling robust future growth.