1:2 Stock Split: Ashish Kacholia Stock Jumps 4% After Board Sets Record Date for Share Split

SYNOPSIS: Board of a leading manufacturer in India’s fluorine chemicals sector has fixed the record date for its 1:2 stock split, under which each Rs. 10 share will be subdivided into two Rs. 5 shares.

During Friday’s trading session, shares of one of the leading producers of hydrofluoric acid and its derivatives surged nearly 4 percent from its intraday low on BSE, after the company’s Board fixed the record date for the stock split in a 1:2 ratio.

With a market cap of Rs. 4,189.5 crores, shares of Tanfac Industries Limited were trading in the green at Rs. 4,200 on BSE, up by over 1 percent, as against its previous closing price of Rs. 4,151.3. The stock has delivered positive returns of around 29 percent in one year, and has gained by over 9 percent in the last one month.

What’s the News:

As per its latest regulatory disclosures, the Board of Directors of Tanfac Industries Limited has fixed the record date on Thursday, 5th March 2026, for determining the eligibility of shareholders for the proposed sub-division of equity shares.

Earlier, at its meeting on 9th January 2026, the Board had approved a stock split in the ratio of 1:2, such that 1 equity share having a face value of Rs. 10 each to be sub-divided into 2 equity shares having a face value of Rs. 5 each.

At the same January meeting, the Board also approved the setting up of a new downstream fluorinated chemicals manufacturing facility with an installed capacity of 20,000 tonnes per annum (TPA) at its existing Cuddalore plant. The project involves an estimated investment of Rs. 495 crore, to be funded through a mix of equity and debt, and is expected to be commissioned by November 2026. This expansion aligns with the company’s long-term strategy to deepen its downstream product portfolio, support India’s environmental objectives, and create sustainable stakeholder value.

Additionally, the Board approved a proposal to raise up to Rs. 500 crore through the issuance of equity shares in one or more tranches via Qualified Institutional Placement (QIP) or other permitted routes, subject to shareholder/regulatory approvals.

Tanfac Industries reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of around 3 percent, from Rs. 178 crores in Q3 FY25 to Rs. 173 crores in Q3 FY26. Likewise, its net profit declined during the same period from Rs. 35 crores to Rs. 16 crores, representing a fall of more than 54 percent YoY.

As per the December 2025 shareholding pattern, the ace investor Ashish Kacholia holds a total of 1.65 percent stake in the company. Tanfac Industries Limited is one of the leading entities in the Indian chemical sector, functioning as a joint venture between Anupam Rasayan India Limited and the Tamil Nadu Industrial Development Corporation (TIDCO). It is one of the foremost producers of hydrofluoric acid and its derivatives, including aluminium fluoride and a range of specialty chemicals.

The company maintains a comprehensive product portfolio, which includes anhydrous hydrofluoric acid, sulphuric acid, oleum, potassium fluoride, potassium bifluoride, boron trifluoride complexes and calcium sulphate, among others.

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