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Tahmar Enterprises Ltd (516032)

📊 BSE: 516032 🏢 Breweries & Distilleries 📢 Latest filing: 21 Sep 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Tahmar Enterprises' revenue was ₹0.5 Cr (-73.6% year on year, +71.6% on the previous quarter), and net profit ₹-0.1 Cr (a smaller loss than a year earlier); the operating margin was -86.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.5	-73.6%	+71.6%
Operating profit	₹-0.5	loss narrowed	loss narrowed
Net profit	₹-0.1	loss narrowed	loss narrowed
EPS (₹)	-0.01	loss narrowed	loss narrowed
Operating margin	-86.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Tahmar Considers Sale of 45 KLPD Distillery; Approves Entry into IMFL and Country Liquor

🔵 WATCH ⭐ 8/10

M&A 📅 21 Sep 2026, 05:23 PM

Tahmar Enterprises' Board evaluated two unsolicited non-binding expressions of interest to sell its 45 KLPD grain-based distillery undertaking in Kolhapur, Maharashtra, and initiated a fair valuation process. Concurrently, it received a proposal from related party Seebhal Distillery to acquire three non-core immovable properties, referred to the Audit Committee. Operationally, the Board approved entering into the manufacture of Indian Made Foreign Liquor (IMFL) and Maharashtra Made Liquor under its sanctioned Potable Liquor Licence, alongside pursuing a pending CL-1 licence for country liquor (6,000 cases per day capacity).

Received 2 unsolicited expressions of interest for the acquisition of its 45 KLPD grain-based distillery undertaking.
Received an EOI from related party Seebhal Distillery Private Limited to purchase 3 non-distillery immovable properties.
Board approved entry into IMFL and Maharashtra Made Liquor manufacture under PLL licence sanctioned on 24.08.2026.
Consent to Operate dated 05.01.2026 permits country liquor manufacture at 6,000 cases per day under a pending CL-1 licence sanction.

💡 Track the registered valuation reports for the distillery undertaking and property assets, alongside progress on excise brand registrations for IMFL.

Tahmar Considers Sale of 45 KLPD Distillery; Approves Entry into IMFL and Country Liquor

🔵 WATCH ⭐ 8/10

M&A 📅 21 Sep 2026, 05:14 PM

Received 2 unsolicited expressions of interest for the acquisition of its 45 KLPD grain-based distillery undertaking.
Received an EOI from related party Seebhal Distillery Private Limited to purchase 3 non-distillery immovable properties.
Board approved entry into IMFL and Maharashtra Made Liquor manufacture under PLL licence sanctioned on 24.08.2026.
Consent to Operate dated 05.01.2026 permits country liquor manufacture at 6,000 cases per day under a pending CL-1 licence sanction.

💡 Track the registered valuation reports for the distillery undertaking and property assets, alongside progress on excise brand registrations for IMFL.

Tahmar Enterprises Schedules Board Meeting on Sep 2, 2026 to Approve AGM & RPT Limits

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 26 Aug 2026, 02:02 PM

Tahmar Enterprises Ltd has notified the exchange that its Board of Directors will meet on September 2, 2026. The meeting will primarily finalize administrative and compliance items for the upcoming 35th Annual General Meeting (AGM) for FY 2025-26. Notably, the board will consider approving limits for Material Related Party Transactions subject to shareholder approval. The board will also take on record the FY26 Directors' Report, Secretarial Audit Report, and fix e-voting dates.

Board meeting scheduled on September 02, 2026, at the Corporate Office in Panjim, Goa.
Proposal to fix specific limits for Material Related Party Transactions under Section 188 of the Companies Act.
Approval of the Directors' Report, Secretarial Audit Report, and corporate governance filings for FY 2025-26.
Fixing dates for the 35th Annual General Meeting and register closure / e-voting cut-off.

💡 Monitor the outcome of the September 2 board meeting and the subsequent AGM notice for details on the quantum of proposed related-party transactions.

Board Approves Q1 FY27 Results; Financial Details Awaited in Full Filing

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 14 Aug 2026, 03:53 PM

Tahmar Enterprises Ltd held a board meeting on August 14, 2026, to approve the standalone unaudited financial results for the quarter ended June 30, 2026. The meeting was brief, lasting only 30 minutes. While the board approved the results and the limited review report, the specific financial figures (revenue and profit) were not detailed in this outcome summary. Investors should note the company's challenging financial position, with a TTM revenue of only Rs 3 Cr and a net loss of Rs 6 Cr.

Board meeting held on August 14, 2026, to approve Q1 FY27 results
Meeting duration was 30 minutes, commencing at 03:15 P.M. and concluding at 03:45 P.M.
Results cover the first quarter ended June 30, 2026
Limited Review Report issued by Statutory Auditors M/s. SSRV & Associates

💡 Monitor for the release of the detailed financial tables to see if the company has improved its operating margin from the current -316.6%.

Tahmar Enterprises Board Approves Q1 Standalone Results for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 14 Aug 2026, 03:50 PM

Tahmar Enterprises announced that its Board of Directors approved the standalone unaudited financial results for the first quarter ended June 30, 2026, at its meeting on August 14, 2026. The board also reviewed and took on record the Limited Review Report submitted by statutory auditors M/s. SSRV & Associates. The meeting commenced at 3:15 PM and concluded at 3:45 PM. The filing serves as a formal intimation of board approvals under SEBI LODR Regulations.

Approved unaudited standalone financial results for the quarter ended June 30, 2026
Limited Review Report from statutory auditors M/s. SSRV & Associates taken on record
Board meeting commenced at 03:15 PM and concluded at 03:45 PM on August 14, 2026

💡 Investors should review the detailed financial statement tables and auditor notes once fully uploaded to gauge operational progress given prior quarterly losses.

Tahmar Enterprises to consider Q1 FY27 results on August 14, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 10 Aug 2026, 01:53 PM

Tahmar Enterprises has scheduled a board meeting for August 14, 2026, to approve its standalone unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with TTM revenue of just Rs 3 Cr against a debt of Rs 40 Cr. Operating margins are deeply negative at -316.6%, and the stock has lost 66.9% of its value over the last year. The trading window for designated persons has been closed since July 1, 2026.

Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
Trading window closed from July 1, 2026, until 48 hours after the results announcement.
Company reported a net loss of Rs 3.58 Cr in the previous quarter (March 2026).
TTM revenue of Rs 3 Cr is significantly lower than the total debt of Rs 40 Cr.

💡 Monitor the results on August 14 for any signs of revenue recovery, as the company reported only Rs 0.32 Cr in revenue in the March 2026 quarter.

Tahmar Enterprises Clarifies Receipt of SARFAESI Act Section 13(2) Debt Recovery Notice

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 14 Jul 2026, 05:43 PM

Tahmar Enterprises has provided a clarification regarding the timeline of a notice received under Section 13(2) of the SARFAESI Act, 2002. The company stated that management became aware of the notice on July 9, 2026, and subsequently disclosed it to the exchange on July 10, 2026. A Section 13(2) notice is a formal demand from a secured creditor (typically a bank) to a borrower in default, requiring the discharge of liabilities within 60 days. The specific debt amount and the identity of the lender were not disclosed in this clarification filing.

Notice received under Section 13(2) of the SARFAESI Act, 2002, regarding debt recovery.
Management became aware of the notice on July 9, 2026, following internal routing.
Initial disclosure was made to the Stock Exchange on July 10, 2026.
The company asserts compliance with Regulation 30 by reporting within 24 hours of knowledge.
Clarification issued on July 14, 2026, to address the timing of the disclosure.

💡 Investors should refer to the primary disclosure dated July 10, 2026, to identify the quantum of default and the lender involved. Monitor for any follow-up regarding the settlement of dues or potential enforcement actions against company assets.

Tahmar Enterprises enters Renewable Energy; targets first solar farm completion by Q4 2026

🔵 WATCH ⭐ 7/10

EXPANSION 📅 10 Jul 2026, 06:34 PM

Tahmar Enterprises has launched the 'Tahmar Energy Platform' (TAX-RE), marking its entry into the renewable energy sector. The business model involves forming co-operative solar societies in Maharashtra where members own offsite solar capacity to offset their electricity bills. The company plans to monetize its existing land bank through this initiative, with the first solar farm targeted for completion by Q4 2026. While the strategic shift is significant, the company has not yet disclosed specific investment amounts or expected revenue impact.

Target completion for the initial solar farm is set for the last quarter (Q4) of calendar year 2026.
The business model utilizes co-operative solar societies to be registered specifically in the State of Maharashtra.
The company has engaged Axel Renewables Corp LLP for technical, regulatory, and land-sourcing services on arm's-length terms.
The initiative is designed to monetize the company's existing land assets for green-energy projects.
Financial impact on turnover and profitability is currently not ascertainable and will be disclosed later.

💡 Monitor the progress of regulatory approvals for the co-operative societies and look for future disclosures regarding the MW capacity and Capex requirements of the first project.

₹24.40 Cr Demand Notice Received from KDCC Bank under SARFAESI Act

🔴 NEGATIVE ⭐ 9/10

LEGAL 📅 10 Jul 2026, 06:06 PM

Tahmar Enterprises Limited has received a formal demand notice from Kolhapur District Central Co-operative Bank Limited (KDCC Bank) for an outstanding sum of ₹2440.07 Lacs. The notice, issued under Section 13(2) of the SARFAESI Act, requires the company to settle the dues within 60 days. The bank's claim is secured by a mortgage on land situated at Bhadgaon, Kolhapur, registered in October 2024. The company is currently contesting the notice, alleging that the bank failed to follow the mandatory MSME revival and rehabilitation framework before initiating recovery measures.

Demand notice for ₹2440.07 Lacs (approx. ₹24.40 Cr) received from KDCC Bank
Company given a 60-day window from July 1, 2026, to clear the outstanding dues
Security involves land at Gat no. 990/1, Bhadgaon, Gadinglaj, Kolhapur
Company is contesting the notice citing non-compliance with MSME rehabilitation protocols
No enforcement measures under Section 13(4) (possession of assets) have been initiated yet

💡 Monitor the company's legal progress in contesting the notice and watch for any escalation to Section 13(4) measures by the bank after the 60-day deadline expires in late August 2026.

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