Board weighs distillery sale EOIs, approves liquor manufacturing
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board of Tahmar Enterprises reviewed two unsolicited expressions of interest for acquisition of its 45 KLPD grain based distillery at Bhadgaon, Kolhapur. No proposal accepted yet; registered valuers to determine fair value. Related party Seebhal Distillery separately offered to buy three immovable properties, referred to the Audit Committee. Board also approved entry into Indian Made Foreign Liquor and Maharashtra Made Liquor manufacture under its existing Potable Liquor Licence, and will pursue country liquor and retail licences.
Potential monetisation of core distillery asset through sale, plus pivot into liquor manufacturing. No transaction confirmed; valuations pending, shareholder approvals needed.