Tahmar faces ₹24.40 cr SARFAESI demand — 35% of its market cap
Kolhapur District Central Co-operative Bank has given Tahmar 60 days to pay or lose its mortgaged land. The company's last quarterly revenue was just ₹1 crore.
— 1 earlier story on Tahmar Enterprises Ltd. →What's new
- Tahmar received a SARFAESI Section 13(2) demand from KDCC Bank for ₹24.40 crore.
- The demand is secured by land mortgaged in October 2024; payment due in 60 days.
- Company contests the notice, citing non-compliance with MSME revival norms.
Why this matters
A company with ₹1 crore quarterly sales and recurring losses cannot service a ₹24.40 crore debt. The 60-day clock is running: if unpaid, the bank can take possession of the mortgaged land under SARFAESI, a material threat to the company's sole stated asset backing.
What we're watching
- Whether the 60-day window passes without settlement or restructuring.
- Any MSME revival application Tahmar may file and its viability.
- Stock price reaction given the nano-cap's thin liquidity and the notice's size.
The full read
Tahmar Enterprises already had ₹1 crore in quarterly sales and a ₹4 crore net loss in its last reported quarter. Now Kolhapur District Central Co-operative Bank has served a SARFAESI demand for ₹24.40 crore, an amount equal to 35% of the nano-cap's market cap. The notice is backed by a mortgage over land at Bhadgaon, registered in October 2024. Tahmar is arguing the bank skipped the MSME revival framework before calling the account an NPA. That procedural defence may buy time, but it does not change the arithmetic: a company with vanishing revenue and a loss trajectory cannot service debt of this scale. The 60-day clock is the only number that matters from here.
Questions answered
- What is a SARFAESI Section 13(2) demand notice?
- It is a formal notice from a secured creditor asking the borrower to repay the overdue amount within 60 days. If unpaid, the bank can proceed under Section 13(4) to take possession of the mortgaged asset.
- What happens if Tahmar doesn't pay in 60 days?
- The bank can initiate enforcement action under Section 13(4) — takeover of possession of the mortgaged land, its management, or appointment of a receiver. The company says these steps haven't been taken yet.
- Why is Tahmar citing the MSME revival framework?
- Tahmar argues the bank should have followed the MSME rehabilitation scheme before classifying the account as an NPA. The company hopes this procedural challenge will delay or cancel the demand.
- How big is ₹24.40 crore compared to Tahmar's financials?
- It is 35% of Tahmar's ₹78 crore market cap. Against trailing revenue of roughly ₹4 crore annualised from ₹1 crore quarterly sales, the amount is nearly six times sales.
Tahmar Enterprises Ltd.
Latest quarter · Mar 2026
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All notes on TAHMARENT →- 10 Jul 2026 · 6:08 PM IST Tahmar faces ₹24.40 cr SARFAESI demand — 35% of its market cap
- 41d ago Tahmar approves FY26 results but doesn't disclose any numbers