Tanfac Industries Limited (BSE: 506854) announced that its Board of Directors, at a meeting held on 9 January 2026, approved the establishment of a downstream fluorinated chemicals manufacturing unit with an annual capacity of 20,000 tonnes. The facility will be set up at the company’s existing site within the SIPCOT Industrial Estate, Cuddalore, with a total project cost of approximately ₹495 crore. The project is expected to be completed by November 2026 and will serve both domestic and export markets. Funding for the project will be through a mix of equity and debt.
Commenting on the decision, Afzal Malkani, Managing Director, stated that the expansion supports the company’s plan to grow its downstream product portfolio while leveraging existing infrastructure at Cuddalore.
In addition to approving the new project, the Board of Directors also authorized the Company to raise up to ₹500 crore through the issuance of equity shares, including via qualified institutional placement or other permitted routes, subject to the necessary shareholder and regulatory approvals. This move is intended to support the Company’s future funding requirements and growth plans.
The Board further approved key leadership and corporate actions. Sandhya Venugopal Sharma, IAS, was appointed as Director and Chairperson of the Board, while Afzal Harunbhai Malkani was appointed Managing Director for a five-year term commencing 9 January 2026, subject to shareholder approval. Additionally, the Board approved the subdivision of the Company’s equity shares from a face value of ₹10 to ₹5, subject to approvals, with the aim of improving liquidity and broadening investor participation.
Tanfac Industries Limited is a joint sector company promoted by Anupam Rasayan India Limited and the Tamil Nadu Industrial Development Corporation. The company manufactures hydrofluoric acid and related products at its facility in the SIPCOT Industrial Estate, Cuddalore. Commercial operations began in March 1985. Tanfac operates under internationally recognized safety and quality systems and holds ISO 9001, ISO 14001, and OHSAS 18001 certifications.
