TANFAC Industries Ltd. Announces Establishment of New Downstream Fluorinated Chemical Facility, Fundraising, and Management Changes

TANFAC Industries Ltd. held a Board Meeting on January 09, 2026, where they approved several key initiatives. The company plans to establish a new downstream Fluorinated Chemical manufacturing facility with an installed capacity of 20,000 TPA at their existing location in Cuddalore. The total investment for the proposed plant is around Rs.495 Crores. The project is expected to be commissioned by November 2026. TANFAC also announced their intention to raise funds by way of equity share capital for an amount aggregating to Rs. 500 Crores through Qualified Institutional Placement (QIP) or any other permitted mode. Additionally, the company proposed a sub-division of equity shares of the Company such that 1(One) Equity Share having face value of Rs.10/- each to be sub-divided into 2 (Two) Equity Shares having face value of Rs.5/- each. The Board also approved the change in designation of Mr. Afzal Harunbhai Malkani from Non-executive, Non-Independent to the Managing Director of the Company for a term of five years. Mrs. Sandhya Venugopal Sharma, IAS was appointed as Chairperson and Additional Director (Category: Nominee Director, Non-independent) on the Board of the Company. Mrs. Mariam Pallavi Baldev resigned from her position as Non-executive, Non-Independent Director of the Company. The Board Meeting also discussed consequential amendments in the Capital Clause V of the Memorandum of Association of the Company on account of sub-division of shares, subject to approval of the Shareholders of the Company.