TANFAC Industries Gets BSE In-Principle Approval for Preferential Issue

TANFAC Industries Ltd has received in-principle approval from BSE Limited for a preferential issue of 4,24,647 equity shares. The issue price is set at ₹2,341 per share, targeting both promoter and non-promoter investors. The approval is subject to compliance with all relevant SEBI regulations, including undertakings from allottees against intra-day trading until the allotment date. The company must also strengthen internal controls and complete post-issue formalities promptly.