Tanfac Industries QIP Proceeds Monitoring Report Issued

Tanfac Industries Ltd has received a Monitoring Agency Report from CRISIL Rating Limited for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, issued on August 10, 2026, confirms that there has been no deviation from the objects disclosed in the Offer Document. The QIP, which took place from June 23 to June 25, 2026, raised gross proceeds of ₹24,999.97 lakhs (net proceeds of ₹23,567.01 lakhs). Notably, no proceeds were utilized during the reported quarter.