The Board of Directors of TANFAC Industries Limited approved several major strategic initiatives including a Rs. 495 crore downstream fluorinated chemicals manufacturing facility with 20,000 TPA capacity at Cuddalore. The facility is expected to be commissioned by November 2026.

The investment aims to expand TANFAC’s downstream product portfolio and is funded through a combination of debt and equity. This follows the company's recent commissioning of an expanded hydrofluoric acid plant in October 2024 and the signing of a Rs. 675 crore refrigerant gas supply agreement with a Japanese chemical firm

The Board also approved Rs. 500 crore fund raising through QIP and subdivision of equity shares from Rs. 10 to Rs. 5 face value to enhance liquidity.

The Board also approved the appointment of Afzal Harunbhai Malkani as Managing Director for five years and Sandhya Venugopal Sharma as Chairperson, while Mariam Pallavi Baldev resigned from her directorship.