Tandhan Industries Files Monitoring Agency Report for Qtr Ended June 30, 2026
Tandhan Industries Ltd (formerly Sanmitra Commercial Limited) has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Limited, covers the utilization of proceeds from the company's preferential issue of equity shares and share warrants, aggregating to ₹126.76 crore. While the company invested the total amount in its subsidiary, Tandhan Polyplast Ltd, as per the issue's objects, Infomerics noted related party transactions by the subsidiary, including a security deposit of ₹7.5 crore to Jalan Sarees for leased premises. Shareholder approval for these transactions was obtained at the subsidiary level but not by Tandhan Industries Ltd.
Key Highlights
- Monitoring Agency Report filed for Qtr ended June 30, 2026.
- Report covers utilization of ₹126.76 crore from preferential issue and warrants.
- Subsidiary involved in related party transactions requiring further scrutiny.
- Infomerics issued the report, monitoring fund utilization.
- Company website will host the report.
Price Impact
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