Description

Open offer by Ankit Jalan and Anuj Jalan along with PACs to acquire shares of Sanmitra Commercial Limited pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Summary

Letter of Offer announcing the opening of an Open Offer by Mr. Ankit Jalan and Mr. Anuj Jalan (Acquirers) along with six Persons Acting in Concert (PACs) to acquire shares of Sanmitra Commercial Limited. The offer is made pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and applicable amendments.

Key Points

  • Target Company: Sanmitra Commercial Limited (SCL)
  • Registered Office: 13, Prem Niwas 652, Dr. Ambedkar Road, Khar (West), Mumbai, Maharashtra, 400052
  • Acquirer-1: Mr. Ankit Jalan (37 years, Resident Indian)
  • Acquirer-2: Mr. Anuj Jalan (35 years, Resident Indian)
  • Persons Acting in Concert: 6 individuals - Mrs. Manju Jalan, Mrs. Radhika Jalan, Mrs. Prachi Jalan, Mrs. Ritu Jalan, Ms. Divyanshi Jalan, and Mr. Daivik Jalan
  • Acquirers’ Address: AC-13, Sector-1, Saltlake, Bidhannagar (M), North 24 Parganas, West Bengal – 700064
  • Contact Details: Company Phone: +91-22-22821087, Email: sanmitracommercial@ymail.com

Regulatory Changes

This open offer is conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments. The offer follows the prescribed framework for mandatory open offers when substantial acquisition triggers are met.

Compliance Requirements

  • Shareholders of Sanmitra Commercial Limited should review the Letter of Offer carefully
  • Shareholders who have sold their shares recently must forward this Letter of Offer and accompanying Form of Acceptance-cum-acknowledgement and Transfer Deed to the relevant Stock Exchange member
  • Shareholders requiring clarifications may consult their stockbroker, investment consultant, Manager, or Registrar to the Offer
  • Response required through Form of Acceptance-cum-acknowledgement

Important Dates

  • Offer Opening Date: January 1, 2026 (as per circular date)
  • Additional dates including offer closing date, settlement schedule, and other timelines would be specified in the complete Letter of Offer document

Impact Assessment

Market Impact: High - This is a takeover offer that may result in change of control of Sanmitra Commercial Limited. All shareholders of the target company are directly affected and must evaluate the offer terms.

Shareholder Impact: Existing shareholders have the opportunity to tender their shares in the open offer. This corporate action requires shareholder decision-making and may affect their investment holdings.

Regulatory Significance: The offer demonstrates compliance with mandatory takeover regulations designed to protect minority shareholders when substantial acquisitions occur in listed companies.

Impact Justification

Mandatory open offer for acquisition of shares in Sanmitra Commercial Limited under SEBI takeover regulations - significant corporate action affecting all shareholders