Tandhan Industries: Monitoring Agency Report for Q3FY27

Tandhan Industries Ltd (formerly Sanmitra Commercial Limited) has submitted its Monitoring Agency Reports for the quarter ended September 30, 2026. The reports, issued by Infomerics Valuation and Rating Limited, cover the utilization of proceeds from a ₹126.76 crore preferential issue of equity shares and warrants. While the company invested the total amount in its subsidiary, Tandhan Polyplast Ltd, as per the objects (CAPEX, debt repayment, working capital), the subsidiary engaged in related party transactions totaling ₹14.92 crore. These transactions included security deposits, trade advances, and payments for an industrial shed, with shareholders' approval obtained at the subsidiary level but not by Tandhan Industries Ltd.