Tanfac Industries appoints two directors via postal ballot
Tanfac Industries appointed Dr. Ajay Kumar Singh and Dr. L. Ravichandran to its board through a postal ballot that concluded on May 11, 2026. Shareholders approved the appointments with 99.99% of votes in favour. The remote e-voting process was managed by CDSL and scrutinized by CS Mohan D Baid.
*this image is generated using AI for illustrative purposes only.
Tanfac Industries has appointed Dr. Ajay Kumar Singh and Dr. L. Ravichandran to its board following a successful postal ballot process. The resolutions to appoint the directors received overwhelming approval from shareholders, with over 99.99% of votes cast in favour. The remote e-voting process concluded on May 11, 2026.
The company sought shareholder approval for three resolutions. The first was a special resolution appointing Dr. Ajay Kumar Singh (DIN: 08532830) as a Non-Executive-Independent Director. The second and third were ordinary resolutions appointing Dr. L. Ravichandran (DIN: 02643264) as a Director and subsequently as a Whole-time Director of the company.
Voting Results
The postal ballot saw participation from across shareholder categories. A total of 10,345,842 votes were polled, representing 51.86% of the total outstanding shares. The scrutinizer's report confirmed that all three resolutions were passed with the requisite majority.
| Resolution | Votes For | Votes Against | % For | % Against |
|---|---|---|---|---|
| Appointment of Dr. Ajay Kumar Singh | 10,345,762 | 80 | 99.9992 | 0.0008 |
| Appointment of Dr. L. Ravichandran as Director | 10,345,762 | 80 | 99.9992 | 0.0008 |
| Appointment of Dr. L. Ravichandran as Whole-time Director | 10,345,762 | 80 | 99.9992 | 0.0008 |
Procedural Details
The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The process commenced on May 13, 2026, and closed on June 11, 2026. The cut-off date for determining shareholder eligibility was May 08, 2026. The company dispatched the postal ballot notices and explanatory statements to members on May 12, 2026.
CS Mohan D Baid of M D Baid & Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot. The report confirmed compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed voting results and scrutinizer's report have been made available on the company's website.
Historical Stock Returns for TANFAC Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.16% | +1.67% | -7.72% | +0.51% | +29.34% | +1,577.35% |
What specific strategic expertise do Dr. Singh and Dr. Ravichandran bring to the board?
How will the appointment of a new Whole-time Director influence Tanfac's operational expansion?
What are the company's key growth priorities following this board restructuring?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
