TANFAC Industries Limited announced a reduction in the size of its proposed preferential issue following a meeting of the Preferential Issue Committee held on July 08, 2026. The committee approved reducing the issue size from the originally approved ₹1,73,48,72,962 to ₹99,40,98,627.
The reduction was necessitated by receipt of revised expression of interest/consent from one of the proposed allottees, Anupam Rasayan India Limited (Promoter of the Company), regarding their subscription to equity shares in the proposed preferential issue.
Key Details of Revised Preferential Issue:
- Total Issue Size: ₹99,40,98,627
- Number of Shares: Up to 4,24,647 equity shares of face value ₹5 each
- Issue Price: ₹2,341.00 per equity share (including a premium of ₹2,336.00 per equity share)
- Pricing Compliance: The issue price is not lower than the floor price determined as on June 30, 2026 in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Allottee Details:
| S. No. | Name of Proposed Allottees | Category | Number of Equity Shares |
| 1. | Anupam Rasayan India Limited | Promoter | 2,60,065 |
| 2. | Alrox Enterprises Private Limited | Non-Promoter | 1,00,000 |
| 3. | Vivek Jain | Non-Promoter | 53,395 |
| 4. | Tatvam Trade | Non-Promoter | 11,187 |
| Total | | | 4,24,647 |
Shareholding Impact:
For Anupam Rasayan India Limited (Promoter):
- Pre-issue holding: 51,46,162 shares (24.26%)
- Post-issue holding: 54,06,227 shares (25.47%)
The other allottees (Vivek Jain and Tatvam Trade) currently hold nil shares in the company.
Approvals Required:
The preferential issue is subject to requisite statutory and regulatory approvals including approval of the shareholders of the Company.
Meeting Details:
The Preferential Issue Committee meeting was held on July 08, 2026, commencing at 5:00 PM and concluding at 5:25 PM.
Additional Information:
The disclosure has been uploaded on the company's website at https://tanfac.com/investors/meetings/board-meetings