TANFAC Industries Approves Preferential Private Placement, Appoints New Director, Announces Board Changes

TANFAC Industries Approves Preferential Private Placement, Appoints New Director, Announces Board Changes​

TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., announced key decisions made at its Board meeting held on July 06, 2026. The outcomes included the approval for raising funds through a preferential private placement, changes in directorship, and the appointment of senior management personnel.

The Board approved the issuance of up to 7,41,082 equity shares of ₹5 each through a preferential private placement. This move is aimed at raising an aggregate amount up to Rs. 1,73,48,72,962 (Rupees One Hundred Seventy-Three Crore Forty-Eight Lakh Seventy-Two Thousand Nine Hundred Sixty-Two only). The issuance was conducted in compliance with relevant regulations and is subject to requisite statutory and regulatory approvals, including shareholder approval for the proposed allottees.

The investors approved for the equity shares include Anupam Rasayan India Limited (Promoter), Alrox Enterprises Private Limited, Vivek Jain, and Tatvam Trade. The details of the private placement are as follows:


The issuance of the shares was conducted at a fixed issue price of ₹2,341.00 per equity share.

Board and Management Changes​

In addition to the fundraising decision, the Board meeting addressed several significant changes in its composition and management team:

• Director Appointment: Dr. D. Karthikeyan, IAS (DIN: 02259481), was appointed as a Nominee Director and Additional Director on the Board, effective July 06, 2026.
• Director Resignation: The Board also approved the resignation of Mrs. Sandhya Venugopal Sharma, IAS (DIN: 08445015), who held the position of Nominee Director, effective July 06, 2026.
• Senior Management Appointment: Mr. Yogesh Mittal was appointed as President (Technical & Operations) with effect from July 06, 2026.

The company also approved a proposal for listing its equity shares on the National Stock Exchange of India Limited and authorized necessary actions, including filing the listing application.

Future Plans and Important Dates​

The Board decided to convene an Extra-Ordinary General Meeting (EGM) of the shareholders on July 30, 2026, through video conferencing or other audio visual means, to seek approval for the aforementioned matters where applicable.

Details related to the issuance of securities via preferential allotment were provided, showing the issue price and the number of shares allotted to each proposed allottee. For instance, Anupam Rasayan India Limited was allocated 5,72,2662 shares post-issue, representing a 26.07% stake after the placement. Alrox Enterprises Private Limited was allocated 1,00,000 shares, amounting to 0.46% of the equity.

The appointment of Mr. Yogesh Mittal comes from a background of extensive experience in the chemicals manufacturing industry, having held senior leadership positions with several companies like Deepak Fertilizers and Petrochemicals Corporation Limited, Jubilant Life Sciences Limited, SRF Limited, and Hikal Limited.

Stock Price Movement​

As of 14:54, TANFAC Industries Ltd. is edging higher by 1.24%, with the stock currently trading at ₹2458.95. The shares moved within a volatile range today, touching lows near ₹2431.90 and reaching highs up to ₹2544.00.