Tanfac Industries received in-principle approval from BSE Limited for a preferential issue of equity shares. The company plans to allot 4,24,647 equity shares at an issue price of ₹2,341 per share.

The issuance targets both promoter and non-promoter investors. Each equity share has a face value of ₹5. The total value of the proposed issue amounts to approximately ₹9.94 crore based on the disclosed share count and price.

Regulatory Compliance

The company notified the exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE granted the in-principle approval under Regulation 28(1) of the same regulations on August 31, 2026.

Tanfac Industries must ensure strict compliance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuer is required to obtain necessary statutory approvals before proceeding with the allotment.

Internal Controls and Listing

BSE advised the company to strengthen internal controls to monitor trades by proposed allottees. This measure aims to prevent non-compliance with Chapter V of the ICDR Regulations regarding intra-day trading or sales before the allotment date.

The company must submit a listing application within twenty days from the date of allotment, as per Schedule XIX of the ICDR Regulations. Failure to comply may attract fines as specified in recent SEBI circulars. The exchange reserves the right to withdraw the approval if submitted information is found incomplete or misleading.

Tanfac Industries has cancelled the institutional investor meeting originally scheduled for August 31, 2026. The company cited exigencies as the reason for calling off the event, which was set to take place in Cuddalore, Tamil Nadu.

The cancellation notification was issued on August 29, 2026, referencing the initial disclosure made on August 26, 2026. The meeting was intended to be an in-person session starting at 12:00 noon.

Update on Schedule

The company had previously announced the face-to-face interaction pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session was designed for single institutions or investor groups seeking engagement with company officials.

Vinod Kumar Srinivasan, Company Secretary and Compliance Officer, signed the cancellation letter dated August 29, 2026. The company confirmed that no unpublished price-sensitive information (UPSI) would have been shared during the interaction.

The schedule remains subject to change due to exigencies on the part of investors or the company.