Announcement • Feb 25
Tanfac Industries Limited Announces Board Appointments, Effective January 09, 2026
Tanfac Industries Limited announced that at its Extra-Ordinary General Meeting held on February 23, 2026 approval of change in designation of Mr. Afzal Harunbhai Malkani from Non-Executive Non-Independent Director to Managing Director. Appointment of Mrs. Sandhya Venugopal Sharma as a Director (Category: Nominee Director, Non-executive). Mr. Afzal Harunbhai Malkani, Date of appointment: January 09, 2026 (Liable to retire by rotation) and the other terms and conditions as set out in the appointment letter. Mr. Afzal Harunbhai Malkani is a Chartered Accountant with more than 25 years of experience in finance, accounts, corporate finance, capital markets, fund raising, mergers and acquisitions, and regulatory compliances. He was associated with Anupam Rasayan India Limited for about 17 years, where he served as Chief Financial Officer since 2014, and with Zen Technologies Limited for about 3.5 years, where he also served as Chief Financial Officer. During his association, the revenues and market capitalization of both companies increased significantly. During his association with Tanfac Industries Limited as a Non-Executive, Non-Independent Director, the Company has achieved profitable growth and expanded its product portfolio. The Company has also witnessed improvements in operational efficiency, successfully commissioned the Solar Grade Diluted Hydrofluoric Acid Plant, and the establishment of the R-32 (Difluoromethane) facility is under pipeline. During this period, the Company's market capitalization increased from approximately INR 5,000 million to INR 40,000 million. Mrs. Sandhya Venugopal Sharma, Date of appointment: January 09, 2026, Ms. Sandhya Venugopal Sharma is a 1995 batch IAS officer of the Tamil Nadu cadre, who has served in a variety of key administrative and technical roles during her career. Before her current appointment at TIDCO, she spent a significant period on central deputation with the Department of Space, where she served as Joint Secretary and later Additional Secretary in Bengaluru, contributing to Indian space and science administration from April 2019 to October 2025. During her deputation to the Government of Karnataka, she has anchored the Sarva Shiksha Abhigyan as State Project Director, which was funded by the Central & State Governments along with the World Bank, DFID and UNICEF and worked towards the universalization of elementary education. Earlier in her career she held diverse positions within the Tamil Nadu cadre, including Commissioner (Archives and Historical Research) and various Joint/Deputy Secretary and Controller roles in departments such as Commercial Taxes, Education, and the Tamil Nadu Public Service Commission, as well as district-level administrative assignments such as Assistant Collector in Chengalpattu and Tindivanam. These postings reflect her broad experience across finance, education, culture, human resources, and revenue administration prior to her current leadership role in industrial development.
