Tahmar Enterprises Limited, a player in the Indian liquor industry, has taken a significant step towards expanding its operations. The company has recently submitted an application to participate in the resolution process of SDF Industries Limited, a Kerala-based company, with the aim of increasing its Indian Made Foreign Liquor (IMFL) bottling capacity.

Strategic Move for Expansion

Tahmar Enterprises' decision to participate in the resolution process of SDF Industries is aligned with its strategic objective to expand its IMFL bottling capacity. This move could potentially strengthen Tahmar's position in the competitive Indian liquor market.

Resolution Process Details

According to the company's disclosure:

• Tahmar Enterprises has submitted an application to the Resolution Professional (RP) of SDF Industries Limited.
• The RP has granted permission to Tahmar to submit a resolution plan.
• The target company, SDF Industries Limited, is based in Kerala.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tahmar Enterprises has formally intimated the BSE about this development. The company has assured stakeholders that it will provide further updates on any material developments in this strategic initiative.

Potential Impact

If successful, this acquisition could:

• Enhance Tahmar Enterprises' production capabilities in the IMFL segment
• Potentially increase its market share in the liquor industry
• Provide a foothold in the Kerala market

Next Steps

While the permission to submit a resolution plan marks an important first step, the process is still in its early stages. Tahmar Enterprises has committed to keeping its stakeholders informed about any significant progress in this matter.

Tahmar Enterprises held a significant board meeting on September 4, 2025, making several important decisions that will shape the company's governance and operations in the coming years. The meeting, which lasted from 5:05 PM to 6:00 PM, addressed various crucial matters, including director appointments, auditor selection, and Annual General Meeting (AGM) arrangements.

Key Appointments and Re-appointments

The board recommended the re-appointment of Mr. Rajshekhar Cadakkethrajasekhar Nair (DIN: 01278041) as a director. Mr. Nair, who is retiring by rotation as per Section 152(6) of the Companies Act, 2013, has offered himself for re-appointment. This decision will be subject to shareholder approval at the upcoming AGM.

The board also approved the re-appointment of Ms. Sarita Sequeira (DIN: 01203100) as the Managing Director of the company. This appointment will also require shareholder approval at the forthcoming General Meeting.

Auditor Appointments

Tahmar Enterprises has appointed M/S Brajesh Gupta & Co., Company Secretaries, as the Secretarial Auditor for a term of five consecutive years, starting from the Financial Year 2025-26. This appointment will be presented for shareholder approval at the upcoming AGM.

The board also approved the appointment of an Internal Auditor, although specific details were not provided in the announcement.

34th Annual General Meeting Preparations

The company has finalized arrangements for its 34th Annual General Meeting. The board set the book closure period from September 24 to September 30, 2025. Mr. Brajesh Gupta, a Practicing Company Secretary and proprietor of M/s. Brajesh Gupta & Co., has been appointed as the scrutinizer for conducting the e-voting process for the AGM.

The board authorized either the Managing Director or the Company Secretary to issue the notice for the 34th AGM and oversee the conduct of the AGM and the entire e-voting process.

Other Key Decisions

• The board approved material related party transaction limits, which will be subject to shareholder approval at the upcoming General Meeting.
• Directors' Report for FY 2024-25, along with necessary annexures including Management Discussion Analysis, Corporate Governance Report, and CFO/CEO Certificate, was approved.
• The board took note of various audit reports, including the Secretarial Audit Report, for the Financial Year 2024-25.
• A review of statutory compliance matters was conducted, including the status of statutory registers maintained under the Companies Act, 2013.
• The Audit Committee's performance evaluation of auditors was acknowledged by the board.

Tahmar Enterprises, formerly known as Sarda Papers Limited, continues to demonstrate its commitment to corporate governance and transparency through these comprehensive board meeting outcomes. Shareholders and investors will be keenly watching as these decisions are presented for approval at the upcoming Annual General Meeting.