TANFAC Industries Approves Fund Raising with Floor Price of ₹2090.34

TANFAC Industries Ltd has announced the outcome of its Fund-Raising Committee meeting held on June 23, 2026. The committee approved the preliminary placement document and authorized the opening of the Issue on the same day. The floor price for the Equity Shares has been fixed at ₹2090.34, determined based on SEBI ICDR Regulations. The 'Relevant Date' for the Issue has also been set as June 23, 2026. The company may offer a discount of up to 5% on the floor price, with the final Issue Price to be determined in consultation with book running lead managers. This move follows approvals from the Board of Directors on January 9, 2026, and a special resolution passed by members on February 23, 2026.