Tanfac Industries Limited reported a 20.5% decline in net profit to ₹702.20 crore for the financial year ended March 31, 2026, while revenue from operations increased 27.9% to ₹7,039.71 crore. The company’s total expenditure for the year rose to ₹6,287.50 crore from ₹4,895.35 crore in the previous year. The Board of Directors approved the audited financial statements on May 06, 2026, which remain subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The company’s revenue growth was driven by domestic sales, which rose to ₹6,681.37 crore from ₹5,197.18 crore, and export sales, which increased to ₹358.34 crore from ₹308.36 crore. Other operating income stood at ₹71.04 crore, compared to ₹71.07 crore in the prior year. The cost of raw materials consumed, a significant component of expenses, increased to ₹4,534.70 crore from ₹3,075.94 crore.

Segment and Operational Details

Tanfac Industries operates in a single segment, fluoro-chemicals. The company’s finance costs for the year amounted to ₹42.98 crore, up from ₹25.98 crore in the previous year. Employee benefit expenses increased to ₹27.63 crore from ₹22.91 crore. Power and fuel expenses also rose to ₹50.04 crore from ₹38.33 crore.

Capital Structure and Dividend

The company’s equity share capital stood at ₹997.50 crore. During the year, the Board approved the sub-division of existing equity shares with a face value of ₹10 each into two equity shares of ₹5 each. The company distributed a dividend of ₹89.78 crore during the year, compared to ₹69.83 crore in the previous year.

Key Financial Metrics

Auditor’s Report

Singhi & Co., Chartered Accountants, audited the financial statements and issued an unqualified opinion. The report noted that the company has an adequate internal financial controls system over financial reporting that was operating effectively as of March 31, 2026. There were no key audit matters communicated in the report.

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.

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.