TANFAC Industries Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for February 23, 2026, along with comprehensive e-voting arrangements for its shareholders. The meeting will be conducted through modern digital platforms in compliance with regulatory requirements.

Meeting Details and Compliance Framework

The EGM will be held on Monday, February 23, 2026 at 11:00 AM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). This arrangement complies with the applicable provisions of the Companies Act, 2013, read with Circular No. 03/2025 dated September 22, 2025, and other relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

E-voting Facility and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) as the agency to provide e-voting facility to all members. The remote e-voting facility enables shareholders to cast their votes electronically in accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Eligibility and Process

Members whose names appear in the Register of Members/List of Beneficial Owners as on the cut-off date of Monday, February 16, 2026, are entitled to vote on the resolutions set forth in the EGM Notice. Eligible members who have acquired shares after the EGM Notice is sent and are holding shares as on the cut-off date may approach CDSL for issuance of User ID and Password.

The facility for e-voting will also be made available at the meeting, and members attending the meeting who have not cast their votes by remote e-voting will be able to vote during the EGM.

Scrutinizer Appointment and Support

The company has appointed M.B. Baid Associates, Practicing Company Secretary, to act as the Scrutinizer for conducting the e-voting process in a fair and transparent manner. This appointment ensures the integrity and transparency of the voting process.

For technical support and grievances related to e-voting, shareholders can contact:

• Mr. Rakesh Dalvi, Sr. Manager, CDSL
• Email: helpdesk.evoting@cdslindia.com
• Toll-free Number: 1800 21 09911
• Address: A Wing, 25th Floor, Marathon Futurix, Matfali Mill Compounds, N.M. Joshi Marg, Lower Parel (East), Mumbai - 400013

Regulatory Compliance and Documentation

The EGM notice and related documents have been published in compliance with regulatory requirements. The notice was signed by Vinoth Kumar S, Company Secretary & Compliance Officer, and dated January 31, 2026, from the company's registered office in Cuddalore.

The meeting arrangements reflect the company's commitment to maintaining transparent corporate governance practices while ensuring shareholder participation through digital platforms.

TANFAC Industries Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for February 23, 2026, to consider several significant corporate actions including equity share sub-division and substantial fund raising initiatives.

Share Sub-division Proposal

The company's board has approved a proposal to sub-divide existing equity shares from face value of ₹10 to ₹5 each. This restructuring will effectively double the number of shares while maintaining the same total capital value.

The sub-division aims to enhance liquidity of the company's equity shares and encourage participation from small investors by making shares more affordable. The board believes this restructuring will be in the best interest of shareholders while maintaining the same authorized, issued, subscribed and paid-up equity share capital amount.

Fund Raising Through QIP

The EGM will seek approval for raising funds up to ₹500 crores through Qualified Institutional Placement (QIP). The company proposes to issue up to 10,00,000 equity shares of ₹10 face value (equivalent to 20,00,000 shares of ₹5 face value post sub-division) to qualified institutional buyers.

The proceeds will be utilized for establishing a refrigerant gas plant for fluorinated chemical production, debt repayment, working capital requirements, and general corporate purposes. A credit rating agency will monitor fund utilization on a quarterly basis until complete deployment.

Board Appointments

The EGM agenda includes two significant board appointments. Mr. Afzal Harunbhai Malkani will transition from Non-Executive Non-Independent Director to Managing Director for a five-year term from January 09, 2026 to January 08, 2031.

Mr. Malkani brings over 25 years of experience in finance, corporate finance, and capital markets, having previously served as CFO at Anupam Rasayan India Limited and Zen Technologies Limited.

Additionally, Mrs. Sandhya Venugopal Sharma, a 1995 batch IAS officer and current Chairperson of TIDCO, will be appointed as Nominee Director. Her extensive administrative experience includes significant roles in the Department of Space and various state government positions.

Meeting Logistics

The EGM will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) on Monday, February 23, 2026 at 11:00 AM, complying with MCA circulars. Remote e-voting will be available from February 20, 2026 (9:00 AM) to February 22, 2026 (5:00 PM), with February 16, 2026 as the cut-off date for voting eligibility.

The company has appointed M.D. Baid Associates as scrutinizer for the e-voting process, ensuring fair and transparent conduct of the meeting. All resolutions require shareholder approval, with the fund raising proposal requiring special resolution approval.