Tahmar Board Discusses Distillery & Property Sale, Valuations

Tahmar Enterprises Ltd's Board of Directors met to discuss expressions of interest for the acquisition of its grain-based distillery undertaking and certain other immovable properties. Two non-binding proposals for the distillery are under consideration, pending valuation reports. Separately, Seebhal Distillery Private Limited, a related party, expressed interest in purchasing three immovable properties. This proposal has been referred to the Audit Committee for consideration and recommendation, requiring prior approval from the Audit Committee and potentially shareholders if material. The Board resolved to determine the fair value of both the distillery and the three properties, with registered valuers to be appointed by the Audit Committee. Interested parties will be required to place an earnest money deposit.