Tahmar Enterprises Limited has successfully obtained renewed Consent to Operate from the Maharashtra Pollution Control Board (MPCB), marking a significant milestone for the company's manufacturing operations. The consent, granted on January 5, 2026, enables the resumption of operations at its grain-based distillery and bottling facility in Maharashtra.

Operational Resumption After Temporary Shutdown

The company's manufacturing operations at its plant located in Beradwadi, Bhadgaon, Taluka Gadghinglaj, District Kolhapur, Maharashtra had remained temporarily shut since July 2025. This shutdown was undertaken pursuant to interim directions issued by the Maharashtra Pollution Control Board, Kolhapur, requiring the company to carry out specific technical and environmental modifications as a prerequisite for renewal of Consent to Operate under the Water (Prevention & Control of Pollution) Act, 1974 and the Air (Prevention & Control of Pollution) Act, 1981.

Consent Details and Production Authorization

The renewed consent is valid until August 31, 2029, and covers the operation of a 45 KLPD grain-based distillery and bottling plant with a capital investment of ₹21.13 crores. The facility is authorized to manufacture various products and by-products:

Environmental Compliance and Water Management

The consent includes stringent environmental conditions for water pollution control. The facility is required to achieve Zero Liquid Discharge (ZLD) for trade effluent, with 30 CMD of trade effluent to be recycled 100% through CPU, Multiple Effect Evaporator followed by Dryer treatment system. Additionally, 8 CMD of domestic effluent will be treated and used on land for gardening purposes.

The company's water consumption is allocated across various purposes, with 436 CMD for industrial cooling and boiler feed, 563 CMD for processing, and 10 CMD for domestic purposes.

Air Pollution Control Measures

For air emission control, the facility operates multiple stacks with appropriate pollution control systems:

Financial Compliance and Bank Guarantee

The company has submitted consent fees totaling ₹3,62,466.00 through multiple online transactions between October 2025 and January 2026. As part of compliance requirements, the company must maintain a bank guarantee of ₹5.00 lakhs valid until December 31, 2029, to ensure adherence to consent conditions.

Waste Management and Environmental Monitoring

The facility is authorized to handle various types of waste under strict guidelines. Non-hazardous wastes include distillation residue (0.5 MT/A) used as manure, boiler ash (5 MT/Day) sold to brick manufacturers, and ETP sludge (1.5 MT/Day) used as manure. Hazardous waste management includes 0.5 KL/A of used or spent oil disposed through authorized reprocessors.

The company is required to install online continuous monitoring systems as per CPCB guidelines, with data transmitted directly to the Board server. Monthly monitoring of effluent quality, stack emissions, and ambient air quality is mandatory, along with annual Dioxin Furan monitoring by NABL accredited agencies.

With the receipt of this renewed consent, Tahmar Enterprises Limited is fully prepared to resume its manufacturing operations in a phased and orderly manner while maintaining strict compliance with environmental, statutory, and regulatory norms.

Tahmar Enterprises Ltd (Scrip Code: 516032) has announced its financial results for the quarter ended September 30, 2025, revealing a net loss and several strategic decisions made by the company's board. The announcement came following a board meeting held on November 14, 2025, at the company's corporate office in Panjim, Goa.

Financial Performance

The company reported unaudited financial results for the quarter, disclosing a net loss of Rs. 50.07 lakhs. The earnings per share (EPS) stood at negative Rs. 0.03, indicating a challenging quarter for the enterprise.

Warrant Cancellation and Fund Forfeiture

In a significant move, Tahmar Enterprises has cancelled 8.6 million unexercised equity convertible warrants. The board approved the forfeiture of Rs. 21.50 lakhs from allottees who failed to convert their warrants into equity shares within the stipulated 18-month period from the date of allotment (March 19, 2024). This decision affects 86,00,000 unexercised Equity Convertible Warrants that were allotted on a preferential basis.

Legal Action Against Debtors

The board has instructed management to initiate legal proceedings against companies with outstanding receivables. The entities named in this context include:

1. Pavostar Synergies Private Limited
2. M/s. Shree Industries
3. Kerala State Beverages Corporation Limited (KSBCL)
4. Viiking Beverages Private Limited

This move suggests the company is taking a firm stance on recovering dues to improve its financial position.

Additional Board Decisions

The board meeting, which lasted from 4:40 PM to 5:15 PM, also covered the following points:

1. Approval of Un-Audited Financial Results (Standalone) for Q2 and H1 of FY 2025-26
2. Review of the Statutory Auditor's Limited Review Report
3. Consideration of the Statement of deviation(s) or variation(s) regarding the conversion of 2,10,00,000 warrants into equity shares

Regulatory Compliance

These disclosures were made in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to regulatory transparency.

The financial challenges faced by Tahmar Enterprises, as evidenced by the reported loss and the decision to cancel unexercised warrants, indicate a period of restructuring and financial consolidation for the company. The move to initiate legal action for outstanding receivables suggests a proactive approach to improving the company's financial health.