Anupam Rasayan Creates Encumbrance on TANFAC Industries Shares for USD 20 Million
Anupam Rasayan India Limited has created an encumbrance on its entire 25,73,081 shareholding in TANFAC Industries Limited, representing 25.80% of total share capital and valued at INR 11,06,50,20,224.30. The non-disposal undertaking serves as security for USD 20,000,000 senior secured notes issued by its Luxembourg subsidiary Doriath S.À R.L. for acquiring Monitchem Kansas S.À R.L. and subsidiaries.
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Anupam Rasayan India Limited has disclosed the creation of an encumbrance on its shareholding in TANFAC Industries Limited under SEBI Takeover Regulations. The disclosure, dated February 28, 2026, pertains to a non-disposal undertaking created on February 20, 2026, covering the promoter's significant stake in the target company.
Regulatory Compliance and Disclosure
The disclosure has been made pursuant to Regulation 31(1) read with Regulation 28(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has submitted the prescribed format disclosure to BSE Limited and TANFAC Industries Limited, with Managing Director Anand Desai signing the documents on behalf of Anupam Rasayan India Limited.
| Parameter: | Details |
|---|---|
| Reporting Date: | February 28, 2026 |
| Encumbrance Creation Date: | February 20, 2026 |
| Regulatory Framework: | SEBI Takeover Regulations 2011 |
| Stock Exchange: | BSE Limited |
| TANFAC Scrip Code: | 506854 |
Encumbrance Details
The encumbrance covers Anupam Rasayan's entire shareholding in TANFAC Industries Limited, comprising 25,73,081 equity shares of face value Rs. 10.00 each. This represents 25.80% of TANFAC's total share capital and constitutes 49.79% of the total promoter shareholding in the company.
| Parameter: | Details |
|---|---|
| Shares Encumbered: | 25,73,081 equity shares |
| Percentage of Total Share Capital: | 25.80% |
| Face Value per Share: | Rs. 10.00 each |
| Value of Encumbered Shares: | INR 11,06,50,20,224.30 |
| Promoter Shareholding Encumbered: | 49.79% |
Security Arrangement and Purpose
The encumbrance has been created in favor of Catalyst Trusteeship Limited, which is acting as onshore security trustee for offshore lender Altis XII Pte. Ltd., Singapore. The arrangement serves as security for senior secured notes aggregating to a principal amount of up to USD 20,000,000 to be issued by Doriath S.À R.L., a wholly-owned subsidiary of Anupam Rasayan India Limited incorporated under Luxembourg laws. The borrowed amount is being utilized for the acquisition of Monitchem Kansas S.À R.L. and its subsidiaries.
| Security Details: | Information |
|---|---|
| Beneficiary: | Catalyst Trusteeship Limited |
| Offshore Lender: | Altis XII Pte. Ltd., Singapore |
| Debt Instrument Amount: | USD 20,000,000 |
| Security Cover Ratio: | 6.08:1 |
| Type of Encumbrance: | Non-disposal undertaking |
| Acquisition Target: | Monitchem Kansas S.À R.L. and subsidiaries |
Promoter Structure and Share Subdivision
TANFAC Industries Limited has two promoters holding a combined 51,68,081 shares (51.81% of total share capital). The company has noted that TANFAC Industries Limited is in the process of subdividing its equity shares, converting each equity share of Rs. 10.00 face value into two equity shares of Rs. 5.00 face value each. This subdivision was approved by the board of directors on January 9, 2026, and by members on February 23, 2026.
| Promoter Details: | Shareholding |
|---|---|
| Anupam Rasayan India Limited: | 25,73,081 shares (25.80%) |
| Tamil Nadu Industrial Development Corporation Limited: | 25,95,000 shares (26.02%) |
| Total Promoter Holding: | 51,68,081 shares (51.81%) |
| Encumbered as % of Promoter Holding: | 49.79% |
Historical Stock Returns for Tanfac Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | -2.98% | +8.71% | -14.54% | +26.43% | +1,520.95% |
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