Tanfac Industries Limited, a joint sector company with TIDCO and Anupam Rasayan India Ltd., has announced its unaudited financial results for the second quarter and first half of the fiscal year. The company's Board of Directors convened on October 16 to review and approve the financial statements for the period ending September 30.

Key Financial Highlights

Board Meeting Details

• The Board meeting commenced at 13:15 and concluded at 15:55.
• Financial results were prepared in accordance with Indian Accounting Standard 34 for interim financial reporting.
• Independent auditors Singhi & Co. conducted a limited review of the financial results.
• The results were submitted to BSE Limited along with the limited review report.

Financial Review Process

The company adhered to regulatory requirements by conducting a thorough review of its financial performance. The process included:

1. Preparation of unaudited financial results by the company's management.
2. Review and approval by the Board of Directors.
3. Limited review conducted by independent auditors, Singhi & Co.
4. Submission of results and review report to BSE Limited in compliance with SEBI regulations.

Auditor's Statement

Singhi & Co., the independent auditors, stated in their review report:

"Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the applicable Indian Accounting Standards ('IND AS') prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, including the manner in which it is to be disclosed, or that it contains any material mis-statement."

This statement from the auditors provides assurance to stakeholders regarding the accuracy and compliance of the financial results with relevant accounting standards and regulatory requirements.

Conclusion

Tanfac Industries Limited has demonstrated mixed financial performance in the second quarter, with significant revenue growth but a decline in profitability. The company's commitment to transparency and regulatory compliance is evident in its prompt review and disclosure of financial results. The involvement of independent auditors underscores its dedication to maintaining investor confidence and meeting its obligations as a listed entity.

Investors and stakeholders can access the detailed financial results through the appropriate channels as provided by the company and BSE Limited.

Tanfac Industries , a leading player in Fluorine Chemicals, has announced a significant expansion in its production capacity. The company has successfully commissioned the second phase of its Solar Grade Dilute Hydro Fluoric Acid plant, doubling its total capacity to 10,000 TPA (Tonnes Per Annum) on an Anhydrous Hydrofluoric Acid (AHF) basis.

Expansion Details

The company completed the second phase of its 5,000 TPA solar grade dilute hydrofluoric acid plant on October 6, 2025. This addition comes after the successful commissioning of the first phase (5,000 TPA) in June 2025. With this expansion, Tanfac Industries has achieved a notable distinction in the Indian chemical industry.

Key Highlights

• Total Capacity: 10,000 TPA (AHF Basis)
• Implementation Period: 8-12 months
• Unique Achievement: Tanfac is the only Indian chemical company to commission a Solar Grade DHF Plant

Capacity Expansion Overview

Management Commentary

Mr. Afzal Malkani, Director of Tanfac Industries, expressed enthusiasm about the development, stating, "We are excited to announce the successful commissioning of the second 5,000 TPA solar grade DHF plant. The product from the new line also conformed to the stringent quality requirements of its major and key Solar Energy producing customers. This is another milestone in the history of Tanfac and has the potential of increasing the top and bottom lines significantly."

Company Background

Tanfac Industries is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company's manufacturing facilities are located in the SIPCOT Industrial Estate, Cuddalore, spanning 60 acres. Tanfac specializes in the production of Anhydrous Hydrofluoric Acid, Sulphuric Acid, Potassium Fluoride, and Potassium Bifluoride, among other chemicals.

Quality and Safety Standards

The company has implemented international safety systems and practices across all levels of operations. Tanfac Industries is certified for ISO 9001, 14001, and OHSAS 18001 standards, underscoring its commitment to quality and safety.

This expansion marks a significant step for Tanfac Industries in strengthening its position in the fluorine chemicals market, particularly in the growing solar energy sector. The increased capacity is expected to have a positive impact on the company's financial performance and market standing in the coming years.