Board reviews distillery & property sale proposals, orders valuations

Tahmar Enterprises Ltd.'s Board of Directors met to discuss expressions of interest for its grain-based distillery undertaking and certain immovable properties. Two unsolicited, non-binding proposals for the distillery are under consideration, pending valuation reports. A related party, Seebhal Distillery Private Limited, also expressed interest in purchasing three non-distillery immovable properties; this proposal was referred to the Audit Committee for review and recommendation. The Board resolved to determine the fair value of both the distillery and the three properties, appointing registered valuers. Additionally, the Board decided to invite earnest money deposits from all interested parties as a condition for continued consideration of their proposals, with specific terms for their refund or forfeiture.