TANFAC Industries Limited has announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported record revenue figures for both the quarter and the full year, supported by strong operational performance and strategic growth initiatives.

Financial Performance

For the full year FY26, tanfac industries achieved its highest ever revenue from operations of ₹711 crore, representing a 27% year-on-year increase from ₹557 crore in FY25. The company reported a Profit After Tax (PAT) of ₹70 crore for the year, compared to ₹88 crore in the previous year.

In the fourth quarter of FY26, revenue from operations stood at ₹193 crore, an 11% increase from ₹173 crore in the preceding quarter. Operating EBITDA for FY26 was ₹112 crore, a decrease from ₹129 crore in FY25, with margins normalizing to 16% compared to 23% in the previous year.

Operational Highlights

The company maintained high capacity utilization levels across its plants during the year. The Sulphuric acid plant operated at 101% capacity utilization, while the hydrofluoric acid plant operated at approximately 95%. The specialty fluoride segment recorded a utilization level of around 41%, which is expected to improve as demand for value-added products scales up.

Management noted that working capital efficiency improved, with the cycle reducing by 8 days to 91 days in FY26. Return on equity was reported at 19%, while return on capital employed stood at 20%.

Strategic Developments and Expansion

TANFAC Industries continues to execute its expansion strategy within the fluorine value chain. The company has announced a capital expenditure plan of approximately ₹495 crore. This includes an investment of ₹405 crore towards setting up a 20,000 metric tons per annum HFC-32 manufacturing facility and ₹90 crore for other value-added fluorinated products.

The HFC-32 project is scheduled for commissioning by Q3 FY27. Management indicated that approximately 65% of the proposed capacity for this project is already supported by long-term customer contracts. Additionally, the company is planning to further strengthen its position in solar grade DHF through an additional plant capacity of 20,000 metric tons per annum.

Future Outlook

Looking ahead, the company expects operating EBITDA margins to remain in the range of 15% to 18% from its existing business. With long-term customer contracts in place, the ramp-up of solar grade DHF revenues, and the commissioning of new downstream capacities, management expressed confidence in the medium to long-term growth outlook.

TANFAC Industries Limited has issued a Postal Ballot Notice dated May 06, 2026, seeking shareholder approval for three resolutions relating to the appointment of two directors approved by its Board of Directors. The notice, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated to BSE Limited on May 12, 2026, and signed by Managing Director Afzal Malkani. The notice is being sent only through electronic mode to members whose e-mail addresses are registered as on the cut-off date of Friday, May 08, 2026.

Postal Ballot and E-Voting Schedule

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting for its members. The voting window and resolution details are as follows:

The three resolutions put to members for approval are:

The Scrutinizer will submit the report to the Chairperson after completion of scrutiny, and results will be announced at the registered office, intimated to the stock exchange, and uploaded on the company's website and CDSL's website.

Appointment Details at a Glance

Both appointments were approved by the Board on May 06, 2026, based on the recommendations of the Nomination and Remuneration Committee. The key parameters of both appointments are as follows:

Dr. L. Ravichandran – Whole-time Director

Dr. L. Ravichandran is a seasoned professional with over four decades of experience at TANFAC Industries, having contributed across the full spectrum of operations including Production, Maintenance, Quality, Safety, Environment, R&D, and New Product Development. He holds a Ph.D. in Chemistry and has successfully developed and commercialised several new products during his tenure. His leadership has been associated with cost-effective innovations, environmental excellence, and long-term value creation. He does not hold any other directorship or committee memberships outside TANFAC Industries.

The remuneration approved for Dr. L. Ravichandran as Whole-time Director, not exceeding 5% of net profits computed under Section 198 of the Companies Act, 2013, is detailed below:

Dr. Ajay Kumar Singh – Non-Executive Independent Director

Dr. Ajay Kumar Singh is a versatile professional with extensive experience in leadership, programme planning and design, teaching, monitoring and evaluation, business development, and consulting. He serves as the Associate Director at the Indian School of Business, Hyderabad, and is the recipient of the prestigious Rashtrapati Rover Award. His academic qualifications include a Post-Doctoral Fellowship in Social Marketing from ISB Hyderabad, a Ph.D. from Chaudhary Charan Singh University, and an MBA in Marketing from RSMT Purvanchal University. He has delivered over 1,000 days of mid-career training to organisations such as the State Bank of India, Bank of Baroda, NTPC, ONGC, IndiGo, Tata Steel, ITC, and Sun Pharma. He also serves as a member of the Academic Advisory Council of the Institute of Public Enterprise, Hyderabad, Telangana, and as Honorary Academic Advisor at Capital University of Kodarma District in Jharkhand. Dr. Singh is entitled to remuneration by way of sitting fees and reimbursement of expenses for participation in Board meetings, within the limits specified under the Companies Act, 2013 and the Listing Regulations, 2015.

His other current directorships include SNR Edatas Private Limited, Equipp Social Impact Technologies Limited, IRB Infrastructure Developers Limited, and Ajayan Consulting Private Limited.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI LODR Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026. The Postal Ballot Notice has been uploaded on the company's website and the results, once announced, will also be displayed at the registered office. TANFAC Industries is a joint sector company with TIDCO and Anupam Rasayan India Ltd., with its registered office and factory located at 14, SIPCOT Industrial Complex, Cuddalore – 607 005, Tamil Nadu, India.