TAHMAR ENTERPRISES LIMITED

Operates a 45 KLPD grain-based distillery and bottling plant at Beradwadi, Kolhapur district, Maharashtra, producing liquor under the state's Maharashtra Made Liquor (MML) framework. The distillery had been shut since July 2025 following interim directions from the Maharashtra Pollution Control Board (MPCB), but received a renewed Consent to Operate in January 2026, valid until 31 August 2029, after pollution control upgrades. Core revenue from this segment has nearly collapsed — Q3 FY26 net sales were Rs 0.74 lakh versus Rs 96.63 lakh a year earlier, with FY26 total income of Rs 797.92 lakh (down from Rs 1,009.81 lakh in FY25) sustained largely by non-operating income of Rs 149.75 lakh in Q3 alone. The company has launched a new renewable energy platform (TAX-RE) built around cooperative solar societies in Maharashtra, with the first offsite solar farm targeted for Q4 2026 completion and further capacity to follow in phases, though the investment is described as immaterial and financial impact not yet determinable. The Board has approved exploring monetization routes — outright development, leasing, joint development or collaboration — for an idle land parcel at Shendri, Gadhinglaj that is geographically separate from its existing manufacturing facilities. Finance costs rose to Rs 275.30 lakh in FY26 from Rs 76.47 lakh in FY25, borrowings stood at Rs 3,999.48 lakh, and the company is contesting a SARFAESI demand of Rs 2,440.07 lakh from KDCC Bank tied to a 2024 mortgage on Kolhapur land.