tanfac industries opened a preferential issue on June 23, 2026, with a floor price of ₹2090.34 per equity share. The Fund-Raising Committee approved the opening of the issue and adopted the preliminary placement document during its meeting held on the same day. This decision follows approvals from the Board of Directors on January 9, 2026, and shareholders via a special resolution on February 23, 2026.

The committee fixed June 23, 2026, as the relevant date for the issue in accordance with Regulation 171 of the SEBI ICDR Regulations. The floor price was calculated based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. Tanfac Industries may, at its discretion, offer a discount of not more than 5% on the calculated floor price.

The final issue price will be determined by the company in consultation with the book running lead managers appointed for the issue. The meeting of the Fund-Raising Committee commenced at 7:05 p.m. and concluded at 7:22 p.m. on June 23, 2026.

Key Issue Details

The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vinod Kumar S, Company Secretary & Compliance Officer, signed the filing on behalf of Tanfac Industries Limited.

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.