Tanfac Industries Approves ₹495 Crore Expansion and Fundraising
Filing Summary
Tanfac Industries Limited has announced a ₹495 crore investment for a new downstream fluorinated chemicals facility at its Cuddalore site. The Board approved raising up to ₹500 crore through equity shares, subject to necessary approvals. The expansion aims to enhance operational integration and cater to both domestic and international markets. The Board also approved key appointments, including Mrs. Sandhya Venugopal Sharma as Director and Chairperson, and Mr. Afzal Harunbhai Malkani as Managing Director. The project is expected to be operational by November 2026, with funding from equity and debt.
Tanfac Industries Limited has announced the approval of a new downstream fluorinated chemicals manufacturing facility at its existing location in Cuddalore. The facility will have an installed capacity of 20,000 tonnes per annum. The total investment for this project is estimated at approximately ₹495 crore. The project is part of the company’s strategy to expand its downstream product portfolio and is expected to be operational by November 2026.
The Board of Directors has also approved raising funds up to ₹500 crore through the issuance of equity shares. This will be conducted via qualified institutional placement or other permitted modes, pending shareholder and regulatory approvals. The investment for the new facility will be funded through a combination of equity and debt, aligning with the company’s financial strategy to support its expansion plans.
The proposed facility will be developed within the existing SIPCOT Industrial Estate complex in Cuddalore. This location allows for operational integration with the current infrastructure, facilitating efficient production processes. The facility will serve both domestic and international markets, contributing to the company’s long-term growth strategy in the fluorinated chemicals segment.
In addition to the expansion plans, the Board has approved several strategic decisions. Mrs. Sandhya Venugopal Sharma has been appointed as Director and Chairperson of the Board. Mr. Afzal Harunbhai Malkani has been appointed as Managing Director for a term of five years, effective from 9 January 2026, subject to shareholder approval. Furthermore, the Board has approved the sub-division of the company’s equity shares from a face value of ₹10 each to ₹5 each, pending necessary approvals.
The project is expected to be implemented by November 2026. The timeline includes the development of the facility and the integration of operations at the Cuddalore site. The Board’s decisions reflect the company’s commitment to enhancing its market presence and operational capabilities in the fluorinated chemicals industry.
Tanfac Industries Limited is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation. The company specializes in the manufacture of hydrofluoric acid and its derivatives. It operates its manufacturing facilities at SIPCOT Industrial Estate, Cuddalore. The company adheres to internationally recognized safety systems and holds certifications under ISO 9001, ISO 14001, and OHSAS 18001 standards.