Business Transformation

During the Financial Year 2025–26, the Company embarked upon a significant phase of growth and restructuring, involving expansion of its business portfolio, mobilisation of capital and acquisition of an operating business in the plastics and polymer-products industry.

The transformation was undertaken with the objective of strengthening the Company’s operating base, diversifying its business interests and establishing a platform capable of pursuing opportunities in manufacturing and allied industrial sectors.

Plastics & Polymer Products Business

As part of its strategic diversification, the Company expanded its business focus to include the plastics and polymer-products sector.

Through its Wholly Owned Subsidiary, Tandhan Polyplast Limited, the Company has established its presence in the manufacturing and trading of plastic and polymer-based products catering to a range of industrial, commercial and other applications.

The product portfolio includes, inter alia:

• HDPE, LDPE and other polymer-based tarpaulins;
• Cross-laminated and allied protective covering products;
• Plastic sheets, rolls and films;
• Woven and coated polymer-based products;
• Extruded plastic products;
• Industrial plastic products and components; and
• Other allied polymer and plastic-based products.

The business serves applications across multiple sectors, including industrial packaging, logistics, warehousing, agriculture, construction and general protective-covering requirements.

Acquisition of Tandhan Polyplast Limited

A major milestone in the Company’s transformation was the acquisition of 100% of the equity share capital of Tandhan Polyplast Limited, pursuant to which Tandhan Polyplast Limited became a Wholly Owned Subsidiary of Tandhan Industries Limited.

The acquisition provides the Company with an established operating platform in the plastics and polymer-products industry and represents an important step in transitioning Tandhan Industries into a broader industrial enterprise.

Through Tandhan Polyplast Limited, the Company aims to leverage its manufacturing capabilities, product development expertise, trading and distribution network to capitalize on the growing demand for polymer-based products across industrial and consumer applications.

Capital Raising and Growth Initiatives

To support its strategic transformation and future growth requirements, the Company undertook capital-raising initiatives during the year.

The funds raised have enabled the Company to strengthen its financial and operational capabilities and support its diverse business requirements, including investment in its subsidiary, capital expenditure, working capital requirements, repayment of borrowings, and other permitted corporate purposes.

The strengthened capital base is intended to provide the Company with greater flexibility to pursue expansion opportunities and build a sustainable business platform.

Our Strategic Direction

Tandhan Industries Limited is focused on building a diversified and scalable industrial business with an emphasis on disciplined growth and long-term value creation.

The Company’s strategic priorities include:

• Strengthening and expanding its existing plastics and polymer-products business;
• Enhancing manufacturing capabilities and operational efficiencies;
• Expanding the product portfolio into value-added applications;
• Developing a wider customer and distribution network;
• Exploring opportunities in complementary and allied industrial businesses;
• Maintaining prudent capital allocation and financial discipline; and
• Creating sustainable value for shareholders and other stakeholders.