Tahmar Enterprises Ltd

AGM details

• AGM held on September 29, 2026 via VC/OAVM from 04:00 to 04:20 PM IST.
• Quorum established; 41 members attended via VC/OAVM.

Resolutions considered

• Ordinary: Adoption of Audited Financial Statements for the year ended March 31, 2026.
• Ordinary: Re-appointment of Rajshekhar Nair as director liable to retire by rotation.
• Special: Approval for related party transactions up to Rs 500 crore.

Voting status

• Voting conducted via e-voting; results to be declared within two working days.
• Results to be intimated to stock exchanges and posted on company website.

Tahmar Enterprises Ltd: Trading Window closed from 1 October 2026 until 48 hours after the announcement of Un-Audited Financial Results for the Quarter and Half year ended 30 September 2026.

Valuation of distillery and properties

• Fair-value valuation planned for the distillery and three immovable properties.
• Audit Committee to appoint valuers; director may propose valuers; scope/remuneration to be fixed.

Expression of interest for assets

• Two expressions of interest for the distillery under consideration.
• Seebhal Distillery offer for three properties referred to Audit Committee.

Earnest money deposits and deal process

• Earnest-money deposits to be required; terms set by director and Audit Committee.
• Binding transactions require board approval; material deals need member approvals.

Licensing approvals for IMFL and Maharashtra Made Liquor

• Approved IMFL from grain-based spirit using PLL licence; brands to be registered.
• Approved Maharashtra Made Liquor within IMFL; no separate license required; brand registrations.

Regulatory considerations and CAPEX

• Capital expenditure expected to be modest; production contingent on registrations.
• Pursue CL-1 country liquor license; subject to licensing authorities.
• Assess eligibility for FL-II retail license; compliance with Prohibition Act.

Governance and AGM updates

• AGM notice for 35th AGM dated 29 Sep 2026 issued.
• Disclosures on sale/disposal to be made when board decides; may require postal ballot.

Key disclosures to exchange

• Clarification filed with the exchange concerning significant share price movement.
• IMFL licence granted for Gadhinglaj distillery, Kolhapur district.
• Board to evaluate expressions of interest for the distillery; meeting on 21 September 2026.
• No binding agreement, MOU, or commitment entered regarding the distillery.
• Recent price movement described as market-driven; no internal informational disclosure provided.
• All material disclosures will be shared with the exchange within the prescribed timeline.
• Proceedings and any material outcome from the board meeting will be disclosed as required.

IMFL approval at Berdwadi distillery

• Permission for IMFL manufacture from grain-based distillery granted by Maharashtra State Excise Department.
• Facility location: Berdwadi-Bhadgaon, Gadhinglaj taluka, Kolhapur, Maharashtra.
• Date of communication: 16 September 2026.
• Applicable financial year: 2026-27.
• Licence/permission fee: ₹33.62 lakh.
• Terms and conditions: subject to applicable excise laws, rules and licence conditions.
• Impact on operations: enables IMFL manufacturing, subject to regulatory compliance.

Meeting Details

• Date: 21 September 2026; Location: Corporate Office, 501-B, 5th Floor, Dempo Trade Centre, Panjim.

Key Agenda Items

• Deliberate on the 8 September 2026 EOI for the Bhadgaon distillery.
• Consider Seebhal Distillery Private Limited's related-party EOI to buy non-core immovable properties; refer to Audit Committee.
• Appointment of registered valuer(s), advisors and/or professionals; determine terms and remuneration.

Key actions and approvals

• Re-appointment recommended for Rajshekhar Cadakkethrajasekhar Nair, retiring by rotation, eligible for re-appointment.
• Approved specific limit for related party transactions under Section 188, subject to shareholders' approval.
• Approved Directors' Report and annexures, MD&A, Corporate Governance, CFO/CEO Certificate for FY 2025-26.
• Took on record Secretarial Audit Report and related certificates for FY 2025-26.
• Approved and fixed date, time for 35th AGM and draft Notice.
• Fixed book closure dates for AGM register and transfer books.
• Appointed Brajesh Gupta, Practicing Company Secretary, as Scrutinizer for e-voting.
• Authorized MD or Company Secretary to issue AGM notice and conduct e-voting.
• Took note of status of statutory registers under Companies Act 2013.
• Took on record performance evaluation of Auditors by the Audit Committee.