Tahmar Enterprises Limited reported a widened net loss of ₹559.65 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹260.90 lakh in the previous year. The company's board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. Revenue from operations for the year stood at ₹229.59 lakh, a significant decrease from ₹386.96 lakh in FY25, primarily due to lower net sales and other operating income.

Financial Performance

The company's total income for FY26 was ₹797.92 lakh, down from ₹1,009.81 lakh in the preceding year. Total expenses increased to ₹1,357.16 lakh from ₹1,269.92 lakh in FY25, driven by higher finance costs which rose to ₹275.30 lakh from ₹76.47 lakh. The basic earnings per share (EPS) for the year worsened to (₹3.59) from (₹2.75) in the previous year.

For the quarter ended March 31, 2026, the company reported a net loss of ₹358.34 lakh. Total income for the quarter was ₹125.33 lakh, while total expenses stood at ₹483.52 lakh.

Key Board Decisions

The Board of Directors approved the audited financial results pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. Additionally, the board took on record the Auditor's Report issued by the statutory auditors, M/s. SSRV & Associates, Chartered Accountants. The board also approved the appointment of CA Heneel Shah as the internal auditor for the company for the financial year 2026-27.

Borrowings and Liquidity

The company disclosed that its outstanding qualified borrowings increased to ₹39.99 crore at the end of FY26 from ₹33.74 crore at the start of the financial year. Incremental borrowing during the year amounted to ₹6.25 crore. The cash and cash equivalents as of March 31, 2026, stood at ₹13.37 lakh, a decrease from ₹54.24 lakh in the previous year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE385D01029/7ed79cd6-2afc-4e4d-adf8-7c94a2b00f95.pdf

Tahmar Enterprises Limited has filed an Intervention Application on May 4, 2026, before the Hon'ble High Court of Judicature at Bombay, Appellate Side, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III Part A Para A(4) thereof. The company has sought impleadment as a Respondent in a lead Writ Petition and four subsequent Writ Petitions that collectively challenge the Maharashtra Made Liquor (MML) framework introduced by the Government of Maharashtra through a Government Resolution and related notifications and circulars.

Writ Petitions Involved

The Intervention Application has been filed as a single application in the lead matter, covering all five Writ Petitions. The following cases are included in the proceedings:

Company's Position and Operations

Tahmar Enterprises has filed the Intervention Application as a Proposed Intervener and Applicant, taking a position in defence of the MML framework. The company operates a grain-based distillery at Survey No. 990/1, Village Bhadgav, Taluka Gadhinglaj, District Kolhapur, Maharashtra. The proceedings are being represented by M/s BGK Law Associates on behalf of the company.

Regulatory Disclosure and Material Impact

The disclosure has been made within the timelines prescribed under Regulation 30(6) of the LODR Regulations. Key details of the filing are summarised below:

The company has acknowledged that the outcome of the proceedings may have a material impact on its business by determining the operational status of the MML licensing framework. Tahmar Enterprises has committed to keeping the Stock Exchange informed of all material developments in the proceedings as and when they occur.