Tanfac Industries shareholders approved a special resolution authorizing the preferential issue of up to 4,24,647 equity shares during an Extra-Ordinary General Meeting (EGM) held on July 30, 2026. The approval enables the company to raise capital through a targeted issuance, a move that will dilute existing equity but is structured to bring in strategic or financial partners as determined by the Board. The meeting also saw the appointment of Dr. D. Karthikeyan as a Director, ensuring continuity in the company’s governance structure.

The EGM was conducted through video conferencing (VC) and other audio-visual means (OAVM) in compliance with Ministry of Corporate Affairs circulars and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 12:36 p.m. IST and concluded at 01:17 p.m. IST. Seventy members attended the virtual meeting, and the requisite quorum was present throughout the proceedings. Dr. D. Karthikeyan, Chairperson of the Company, presided over the meeting.

Resolutions Passed

The Board had convened the EGM to transact two specific items of business as outlined in the notice dated July 08, 2026. Both resolutions were successfully passed by the shareholders.

The preferential allotment resolution allows the company to issue shares to specific investors without offering them to existing shareholders first, subject to regulatory approvals and board discretion regarding pricing and identity of allottees.

Governance and Attendance

Several key directors and managerial personnel attended the meeting via VC/OAVM. Alongside Chairperson Dr. D. Karthikeyan, attendees included Managing Director Afzal Malkani, Director R. Karthikeyan, Whole-Time Director Ravichandran, and Independent Directors R. K. Tyagi, Amreek Singh Sandhu, Ajay Kumar Singh, and M. Anuradha Reddy. Chief Executive Officer Hemango Gupta and Chief Financial Officer N. R. Ravichandran were also in attendance.

Mr. Afzal Malkani addressed queries from members during the question-and-answer session. Members were informed that further clarifications could be directed to the company secretary’s email address.

Voting Process

The voting process was supervised by M/s. M. D. Baid & Associates, Practicing Company Secretaries, appointed as the Scrutinizer. Remote e-voting commenced on July 27, 2026, at 9:00 a.m. IST and concluded on July 29, 2026, at 5:00 p.m. IST. Members attending the EGM who had not voted remotely were provided access to the Insta-Poll e-voting facility for 15 minutes after the conclusion of the formal business. The consolidated voting results and the Scrutinizer’s Report are expected to be submitted to BSE Limited and uploaded on the company’s website and CDSL’s portal within prescribed timelines.

Tanfac Industries Limited has made the audio recording of its analyst and investor conference call available to the public. The call, held on July 27, 2026, discussed the company's unaudited financial results for the quarter ended June 30, 2026. Investors and stakeholders can access the recording directly through the company's website at the provided link.

The disclosure was made pursuant to Regulations 30 and 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vinod Kumar S, Company Secretary and Compliance Officer, signed the submission to BSE Limited on July 27, 2026.

Key Details

Tanfac Industries Limited is a joint sector company with TIDCO and Anupam Rasayan India Ltd. The company is registered in Tamil Nadu, with its factory located in the SIPCOT Industrial Complex in Cuddalore.