Outcome of board meeting of Tanfac Industries

Held on 03 February 2015

Tanfac Industries announced that the Board of Directors of the Company at its meeting held on 03 February 2015, has decided to create, offer, issue and allot 5,00,000 - 11% Redeemable Cumulative Non Convertible Preference Shares of the face value of Rs. 100/- each for cash AT PAR on private placement basis to Aditya Birla Chemicals (India), subject to the approval of the Shareholders and compliance with the other statutory approval(s), if any, as per applicable provisions of law.

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