TANFAC Industries Limited has announced the successful completion of its Extra-Ordinary General Meeting held on February 23, 2026, with shareholders approving all five proposed resolutions with requisite majority. The meeting was conducted through video conferencing in compliance with regulatory requirements, and the company has submitted detailed disclosures to BSE Limited under Regulation 30 of SEBI LODR.

Meeting Overview and Participation

The Extra-Ordinary General Meeting was held from 11:00 AM to 11:30 PM on February 23, 2026, with the record date set as February 16, 2026. The company had 19,232 shareholders on the record date, with 41 shareholders attending the meeting through video conferencing.

Voting Results and Shareholder Response

The voting process demonstrated strong shareholder support across all categories. Out of 9,975,000 total shares, 5,172,003 shares participated in voting, representing 51.85% of outstanding shares. The voting pattern remained consistent across all five resolutions.

Approved Resolutions

All five resolutions were passed with overwhelming majority support:

• Resolution 1 (Ordinary): Approval for subdivision of equity shares of the company • Resolution 2 (Ordinary): Approval for alteration of the Capital Clause of the Memorandum of Association • Resolution 3 (Special): Approval for raising funds up to ₹500 crores through issuance of securities • Resolution 4 (Ordinary): Change in designation of Mr. Afzal Harunbhai Malkani from Non-Executive Non-Independent Director to Managing Director • Resolution 5 (Ordinary): Appointment of Mrs. Sandhya Venugopal Sharma as Nominee Director (Non-executive)

Leadership Appointments and Profiles

The meeting approved key leadership appointments with detailed profiles disclosed to BSE. Mr. Afzal Harunbhai Malkani's designation change from Non-Executive Non-Independent Director to Managing Director reflects the company's strategic leadership restructuring. He is a Chartered Accountant with more than 25 years of experience in finance, accounts, corporate finance, capital markets, fund raising, mergers and acquisitions, and regulatory compliances.

Mrs. Sandhya Venugopal Sharma brings extensive administrative experience as a 1995 batch IAS officer of the Tamil Nadu cadre, having served in key roles including Additional Secretary in the Department of Space and State Project Director for Sarva Shiksha Abhigyan.

Fundraising and Capital Structure Changes

The special resolution for fundraising represents a significant corporate development. The approved fundraising involves issuance of up to 10,00,000 equity shares of face value ₹10 each, aggregating up to ₹500 crores. Post the proposed subdivision of equity shares, this translates to up to 20,00,000 equity shares of face value ₹5 each, maintaining the same aggregate value of ₹500 crores.

Regulatory Compliance and Documentation

The company submitted the e-voting results and consolidated scrutinizer's report to BSE Limited on February 24, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure included detailed information pursuant to SEBI circulars dated November 11, 2024, and December 31, 2024. The amended Memorandum of Association was also filed as part of the regulatory submissions. The scrutinizer's report was prepared by CS Mohan Baid of M D Baid & Associates, who was appointed by the Board of Directors on January 29, 2026.

Catalyst Trusteeship Limited has filed a regulatory disclosure regarding the creation of encumbrance on shares of Tanfac Industries Limited under SEBI's substantial acquisition regulations. The disclosure, dated February 18, 2026, pertains to a non-disposal undertaking created on February 14, 2026.

Transaction Details

The encumbrance involves 25,73,081 equity shares of Tanfac Industries, representing 25.80% of the company's total equity share capital. Catalyst Trusteeship Limited is acting as an onshore security agent in this transaction and is not part of the promoter or promoter group of Tanfac Industries.

Holdings Comparison

The disclosure shows Catalyst Trusteeship's holdings before and after the encumbrance creation:

Share Capital Structure

Tanfac Industries currently has 99,75,000 equity shares as per the publicly available shareholding pattern dated December 31, 2025. However, the company's board approved a share split on January 9, 2026, which will increase the total equity shares to 1,99,50,000 upon completion.

Regulatory Compliance

The disclosure was filed with BSE Limited and National Stock Exchange of India Limited, where Tanfac Industries' shares are listed. Deesha Srikkanth, Senior Vice President at Catalyst Trusteeship Limited, signed the disclosure as the authorized signatory from Mumbai.

Corporate Action Impact

The pending share split will effectively double the number of encumbered shares to 51,46,162, while maintaining the same percentage holding of 25.80%. This encumbrance represents a significant stake in Tanfac Industries and demonstrates Catalyst Trusteeship's role as a security agent in what appears to be a structured financing arrangement.