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Awaiting price reaction for this filing.
Tahmar Enterprises Ltd (formerly Sarda Papers Limited) has called its 34th AGM on Tuesday, September 30, 2025 at 12:30 PM via video conferencing. Shareholders will consider five items: adoption of audited FY25 financial statements, re-appointment of Mr. Rajshekhar Nair as director (retiring by rotation), appointment of M/s Brajesh Gupta & Co. as secretarial auditor for 5 years (FY26 to FY30), approval for material related party transactions up to Rs. 1,000 crores with related parties including SBM Breweries, SBM Distillery, Seebhal Distillery, Seebhal Mikeline Breweries and certain promoter directors, and re-appointment of Ms. Sarita Sequeira as Managing Director for 5 years with remuneration up to Rs. 1.5 crore per annum. The company is in ENA manufacturing and reported FY25 sales of Rs. 10.10 crore (up from Rs. 8.06 crore), but swung to a net loss of Rs. 1.76 crore versus a small profit of Rs. 47 lakh in FY24. The cut-off date for e-voting eligibility is September 23, 2025, with remote e-voting open from September 27 to September 29, 2025.
The Rs. 1,000 crore related party transaction limit is very large relative to the company's turnover (only ~Rs. 10 crore), giving the board wide flexibility to transact with promoter-linked entities over the next year. Combined with the swing to a net loss in FY25 and re-appointment of the promoter MD, shareholders should watch for governance risks and potential value extraction via related parties.