Tanfac Industries Limited disclosed the outcomes of its Fund-Raising Committee meeting held on June 23, 2026. The meeting, which commenced at 7:05 PM and concluded at 7:22 PM, was conducted pursuant to approvals previously granted by the company's board of directors on January 9, 2026, and by shareholders through a special resolution passed at an Extra-Ordinary General Meeting held on February 23, 2026.
The committee approved and adopted the preliminary placement document dated June 23, 2026, along with the application form of the same date, in connection with the fundraising issue. It authorized the opening of the issue on June 23, 2026.
A key decision was the approval of the floor price for the issue at ₹2,090.34 per equity share. This floor price was determined based on the pricing formula prescribed under the SEBI ICDR Regulations. The company fixed June 23, 2026, as the 'Relevant Date' for the purpose of the issue, in accordance with Regulation 171 of the SEBI ICDR Regulations, 2018 (as amended).
The disclosure is made in compliance with Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The document was signed by Vinod Kumar Srinivasan, Company Secretary & Compliance Officer, on June 23, 2026, at 19:37:14 IST.