Tahmar Enterprises Limited launched the Tahmar Energy Platform on 9 July 2026, entering the renewable energy sector through a new business division. The platform introduces a programme of co-operative solar societies proposed for registration in Maharashtra. Under this model, consumers enrolled as members own identified solar generating capacity in offsite, society-operated solar farms, with generation benefits set off against their electricity consumption.

The company operates the platform as a distinct division and has engaged Axel Renewables Corp LLP and other service providers on arm’s-length commercial terms. The disclosure confirms that none of these parties are related parties within the meaning of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new business line falls within the existing objects of the company’s Memorandum of Association, requiring no amendments.

The rationale for this strategic expansion includes monetising the company’s existing land and developing further green-energy initiatives. While the company stated that cash outflow and investment are not presently determinable or expected to be material, it committed to making disclosures if the situation changes. The geographical focus is exclusively within India, specifically the State of Maharashtra.

Timeline and Approvals

The initial solar farm is presently targeted for completion by the last quarter of calendar year 2026. Further capacity development and energisation will proceed in a phased manner thereafter. Commencement of generation is contingent upon several factors, including the registration of the co-operative solar societies and the receipt of applicable open access, connectivity, and metering approvals.

Business Details

The company noted that statements regarding future plans and timelines are forward-looking and subject to regulatory approvals and other factors beyond its control. Tahmar Enterprises will make further disclosures upon material developments.

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