TANFAC Industries Share Price in Focus as Board Approves Fundraise via Preferential Issue at ₹2,341 Per Share

TANFAC Industries Limited held a board meeting on July 6, 2026, where several key decisions were made. The company announced plans to raise funds through the issuance of equity shares, appointed new directors, and proposed listing on the National Stock Exchange of India Limited, as per the exchange filings. 

Board Approves Fund Raising Via Equity Issuance 

The board approved raising funds by issuing up to 7,41,082 equity shares at a price of ₹2,341.00 per share. This issuance will total ₹1,73,48,72,962 and will be conducted on a preferential basis through private placement.  

The proposed allottees include Anupam Rasayan India Limited, Alrox Enterprises Private Limited, Vivek Jain, and Tatvam Trade. 

Director Appointments and Resignations 

Dr. D. Karthikeyan, IAS, was appointed as Chairperson and Additional Director, effective July 6, 2026. Mrs. Sandhya Venugopal Sharma, IAS, resigned from her position as Nominee Director on the same date. Additionally, Mr. Yogesh Mittal was appointed as President (Technical & Operations). 

Extra-Ordinary General Meeting and NSE Listing Proposal 

An Extra-Ordinary General Meeting is scheduled for July 30, 2026, to seek shareholder approval for the decisions made. The board also approved a proposal to list the company's equity shares on the National Stock Exchange of India Limited, subject to regulatory approvals. 

Read More: Aster DM Healthcare Renamed to Aster DM Quality Care Limited Post Amalgamation with Quality Care India! 

Details of Equity Issuance 

The issuance involves 7,41,082 equity shares at ₹2,341.00 per share, with Anupam Rasayan India Limited receiving 5,76,500 shares, Alrox Enterprises Private Limited 1,00,000 shares, Vivek Jain 53,395 shares, and Tatvam Trade 11,187 shares. The issue price includes a premium of ₹2,336.00 per share. 

Tanfac Industries Share Price Performance 

As of July 06, 2026, at 2:41 PM, Tanfac Industries share price on BSE was trading at ₹2,469.20, up by 1.61% from the previous closing price. 

Conclusion 

The board meeting on July 6, 2026, resulted in key decisions including fund raising through equity issuance, director appointments, and a proposal for NSE listing. The issuance involves 7,41,082 shares at ₹2,341.00 each, aggregating ₹1,73,48,72,962. 

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