Tanfac Industries has published the notice for its Extra-Ordinary General Meeting (EGM) in newspapers on July 09, 2026. The advertisements were published in the Financial Express (English version, all editions) and Makkal Kural (Tamil version, Chennai edition). The meeting is scheduled to seek shareholder approval for a revised preferential issue of up to 4,24,647 equity shares at ₹2,341 per share, including a premium of ₹2,336, aggregating to ₹99.41 crore. The funds are intended for financing a hydrofluorocarbons-32 (R-32) refrigerant gas plant and general corporate purposes within FY 2026-27.

Preferential Allotment Details

The Board of Directors and the Preferential Issue Committee approved the revised proposal on July 6 and July 8, 2026, respectively. The allotment will be made to four investors, with promoter Anupam Rasayan India Limited subscribing to the majority of the shares. The issue price is determined in accordance with Chapter V of the SEBI ICDR Regulations, with June 30, 2026, as the relevant date for price calculation.

Utilization of Proceeds

The company plans to deploy the net proceeds of ₹99.41 crore towards specific project costs and general corporate needs. The proceeds will not be used for the repayment of loans taken from promoters or the promoter group.

Shareholding Pattern and Governance

Post-allotment, Anupam Rasayan India Limited's shareholding will increase to 24.99%, while Tamil Nadu Industrial Development Corporation Limited (TIDCO) will hold 23.99%. The total promoter holding is expected to rise to 48.98%. The preferential issue is subject to lock-in periods as per SEBI ICDR Regulations, and the company has obtained a certificate from M D Baid & Associates confirming compliance with these regulations.

EGM and Voting Details

The EGM will be held via Video Conferencing and Other Audio Visual Means. Remote e-voting commences on July 27, 2026, and ends on July 29, 2026, with the record date set as July 23, 2026. Additionally, the meeting will consider the appointment of Dr. D. Karthikeyan as a Nominee Director (Non-Executive), nominated by co-promoter TIDCO.

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.