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.

Tahmar Enterprises has reported a significant decline in financial performance for the first quarter ended June 30, 2025. The company's results, which were approved by the Board of Directors on August 14, 2025, reveal a sharp drop in revenue and a substantial increase in net loss.

Revenue Decline

The company's total revenue from operations fell by 27.3% to Rs. 343.09 lakhs in Q1, compared to Rs. 471.98 lakhs in the same quarter of the previous year. This substantial decrease in revenue indicates challenging market conditions or potential issues in the company's core business operations.

Widening Losses

Tahmar Enterprises' net loss expanded significantly to Rs. 142.00 lakhs in the quarter, a sharp increase from the Rs. 23.82 lakhs loss reported in the corresponding quarter of the previous year. This represents a nearly six-fold increase in net loss, highlighting the company's struggle to maintain profitability.

Earnings Per Share

The company's earnings per share (EPS) deteriorated further, turning more negative at Rs. -0.11 per share, compared to a loss of Rs. -0.03 per share in the prior year's quarter. This decline in EPS reflects the impact of the increased losses on shareholder value.

Financial Position

Disclosure and Compliance

In compliance with regulatory requirements, Tahmar Enterprises published the results in Nav Shakti and The Free Press Journal on August 15, 2025. The company also submitted the newspaper clippings to the BSE Limited on August 16, 2025, as per SEBI (LODR) Regulation, 2015.

Investors and stakeholders will be closely watching Tahmar Enterprises' future performance and any strategic initiatives the company may undertake to address the current financial challenges and return to profitability.