This paper proposes a new robust fault reconstruction and estimation design for a class of nonlinear system described by the Takagi‐Sugeno model with unmeasurable premise variables subject to faults affecting actuators, sensor faults, and unknown disturbances. The augmented Takagi‐Sugeno system is introduced with a new fault vector which has two origins: the first one represents actuator faults, the second one denotes faults affecting sensors. The main contribution is focused primarily to conceive a sliding mode observer with two discontinuous terms designed to compensate for fault behavior and disturbance variation from the system states estimation. In the formalism of linear matrix inequalities, we derive sufficient conditions to guarantee the state estimation error stability and to obtain the observer gains. Meanwhile, additional effort is made to achieve simultaneous faults and disturbance reconstruction. Simulation results are given to illustrate the proposed approach performances.