TANFAC Industries to raise ₹173.48 Cr via preferential allotment

TANFAC Industries Ltd announced its Board of Directors has approved a preferential allotment of up to 7,41,082 equity shares at ₹2,341.00 per share, aggregating up to ₹173.48 crore. The funds will be raised from Anupam Rasayan India Limited, Alrox Enterprises Private Limited, Vivek Jain, and Tatvam Trade. The board also approved the appointment of Dr. D. Karthikeyan as Chairperson and Additional Director, and the resignation of Mrs. Sandhya Venugopal Sharma. Mr. Yogesh Mittal was appointed as President (Technical & Operations). An Extra-Ordinary General Meeting (EGM) is scheduled for July 30, 2026, to seek shareholder approval. Additionally, the company plans to list its equity shares on the National Stock Exchange of India Limited.