Notice of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TANFAC Industries Limited is seeking shareholder approval via postal ballot for three director appointments. The first is Dr. Ajay Kumar Singh (49), a Post-Doctoral Fellow from ISB Hyderabad, being appointed as Non-Executive Independent Director for 5 years from May 6, 2026. He brings expertise in social entrepreneurship, branding, and business consulting and will receive sitting fees only. The second and third resolutions appoint Dr. L. Ravichandran (65), a Ph.D in Chemistry with over 4 decades at TANFAC, as Director and Whole-time Director for 2 years from May 6, 2026. His proposed CTC is INR 80 lakhs per annum including basic salary of INR 31.64 lakhs plus allowances, car benefits, and HRA. E-voting runs from May 13 to June 11, 2026.
The appointment of an independent director from ISB could bring fresh academic and consulting perspective to the board. Dr. Ravichandran's promotion to Whole-time Director ensures continuity in operations given his 40+ years of internal experience. The remuneration of INR 80 lakhs CTC for a whole-time director is a cost consideration for shareholders.