Tanfac Industries Limited has announced a significant expansion plan, including a new downstream fluorinated chemicals facility and strategic changes in its board of directors.
On January 9, 2026, Tanfac Industries Limited's board approved the establishment of a downstream fluorinated chemicals manufacturing facility.
This facility will have an installed capacity of 20,000 tonnes per annum and will be located at the company's existing manufacturing site in Cuddalore.
The total investment for this project is estimated at approximately ₹495 crore, with completion expected by November 2026. The funding for this project will be a mix of equity and debt.
In addition to the expansion, the board has approved raising up to ₹500 crore through equity shares via qualified institutional placement or other permitted modes, pending shareholder and regulatory approvals.
Mrs. Sandhya Venugopal Sharma, IAS, has been approved as Director and Chairperson of the Board.
Mr. Afzal Harunbhai Malkani has been appointed as Managing Director for a 5-year term starting January 9, 2026, subject to shareholder approval.
The board has also approved a subdivision of the company's equity shares from a face value of ₹10 each to ₹5 each.
This move is aimed at enhancing liquidity and broadening investor participation, subject to shareholder and regulatory approvals.
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Tanfac Industries Limited, a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation, is engaged in manufacturing hydrofluoric acid and its derivatives.
The company operates its manufacturing facilities at SIPCOT Industrial Estate, Cuddalore, and has been in commercial production since March 1985.
Tanfac Industries adheres to internationally recognised safety systems and holds certifications under ISO 9001, ISO 14001, and OHSAS 18001 standards.
As of January 09, 2026, at 3:10 PM, Tanfac Industries share price on BSE was trading at ₹4,438.95 down by 1.75% from the previous closing price.
Tanfac Industries' decision to invest ₹495 crore in a new downstream facility and the strategic changes in its board reflect its commitment to growth and operational efficiency. The company's plans to raise funds and subdivide shares further indicate its focus on enhancing liquidity and investor engagement.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 9, 2026, 4:13 PM IST
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