Quarterly Updates23 Feb 2026, 06:35 pm
TANFAC Industries Ltd. Holds EGM: Approves Sub-division of Equity Shares, Capital Clause Alteration, Fund Raising, and Director Changes
AI Summary
TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., held an Extra-Ordinary General Meeting (EGM) on February 23, 2026, through video conferencing. The meeting was attended by 41 members and conducted by Chairperson Mrs. Sandhya Venugopal Sharma. The meeting approved the sub-division of equity shares, alteration of the capital clause, raising of funds, and changes in director designations. The shareholder Mr. Joseph Almeida was unable to speak due to connectivity issues. The combined voting results of the remote e-voting and e-voting during the meeting were intimated to BSE Limited and uploaded on the company's website.
Key Highlights
- Approval for sub-division of equity shares of the Company.
- Approval for Alteration of the Capital Clause of the Memorandum of Association of the Company.
- Approval for raising of funds up to ₹ 500 crores through Qualified Institutional Placement or other permissible modes.
- Approval of change in designation of Mr. Afzal Harunbhai Malkani from Non-Executive Non-Independent Director to Managing Director.
- Appointment of Mrs. Sandhya Venugopal Sharma as a Director (Category: Nominee Director, Non-executive)