Tahmar Enterprises Ltd received a ₹24.40 crore SARFAESI demand notice from Kolhapur District Central Co-operative Bank. The company is contesting the notice, citing non-adherence to MSME revival frameworks by the lender.
Tahmar Enterprises Ltd Receives ₹24.40 Crore SARFAESI Demand Notice
Tahmar Enterprises Ltd has received a demand notice of ₹24.40 crore from Kolhapur District Central Co-operative Bank Limited.
Reader Takeaway: Company contests notice; no asset seizure yet.
What just happened
Tahmar Enterprises Ltd informed the stock exchange on 8th July 2026, that it received a demand notice dated 1st July 2026. The notice, issued under the SARFAESI Act, demands payment of ₹24.40 crore (₹2440.07 lakh) within 60 days. This demand is related to a mortgage deed for land located in Bhadgaon, Gadinglaj, Kolhapur.
Why this matters
The receipt of a demand notice under the SARFAESI Act signifies a serious development concerning the company's debt obligations. It indicates that the lender, Kolhapur District Central Co-operative Bank, has initiated a process for the recovery of dues. For investors, this signals potential financial distress and legal entanglements.
The backstory
While the filing mentions a mortgage deed dated 17/10/2024, the specific details leading up to this notice, such as the loan amount and previous communication with the bank, are not provided in the filing. The notice itself is dated 1st July 2026, and was received by the company on 8th July 2026.
What changes now
The company is actively contesting the demand notice. Management believes the lender failed to follow the applicable framework for the revival and rehabilitation of micro, small, and medium enterprises (MSMEs) before classifying the account as non-performing and issuing the demand. Tahmar Enterprises is pursuing legal recourse.
Risks to watch
There is a risk of further enforcement actions if the dispute with the lender is not resolved. However, the company has stated that no measures under Section 13(4) of the SARFAESI Act, such as taking possession of secured assets, have been initiated yet.
Peer comparison
Information regarding how similar companies in Tahmar Enterprises' sector have handled SARFAESI notices or disputes with lenders is not available in the provided filing.
Context metrics (time-bound)
- Demand Notice Amount: ₹24.40 crore
- Lender: Kolhapur District Central Co-operative Bank Limited
- Notice Date: 01st July, 2026
- Receipt Date: 08th July, 2026
What to track next
Investors should closely monitor future company announcements for updates on the legal proceedings, the lender's response, and any changes in the enforcement status. The outcome of the company's challenge to the notice will be critical.