Thacker & Co. Ltd. — Interim / Quarterly Report 2019

Aug 12, 2019

Ref.: TCL/19-20/44 12th August, 2019

The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Dear Sir/Ma'am,

Ref: Scrip Code- 509945

Sub: Outcome of Board Meeting

Please be informed that at the Board Meeting held today, our Board of Directors have considered and approved the un-Audited Standalone & Consolidated Financial Results, for the quarter ended on 30th June, 2019. Please find enclosed a copy of the said Results along with Limited Review Reports.

The Board Meeting commenced at 2.00 P.M. and concluded at 3.00 P.M.

Please take the same on record.

Thanking you,

Yours faithfully, For THACKER AND COMPANY LIMITED

Priya Nair

Company Secretary

End: As above.

Regd. Off.: Bhogilal Hargovindas Building, Mezzanine Fl.18/20,K.Dubhash Marg, Mumbai-400001, India Corporate Office: Jatia Chambers, 60 Dr. V,B.Gandhi Marg, Nlumbai-400001, India Tel: 91-22-43553333, Web-Site: www.thacker.co.in , E-mail: thackerthacker.co.in CIN No. : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7

	Statement of Standalone and Consolid AND CO	E	ated Unaudited Financial Results for the Quarter ended 30th June. Regd. Office : Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mumbai 400 001 Tel. No.: 91-22-43553333 E-Mail: thacker@thacker.co.in Website: www.thacker.co.in HACKER AND COMPANY LIMITED	CIN: L21098MH1878PLC000033				desimist 2019	(Rs. in lakhs, unless otherwise stated)
			Standalone				Consolidated
	Particulars		Quarter Ended		Year ended		Quarter Ended		Year ended
		30.06.2019 (Unaudited)	31.03.2019 (Audited)	30.06.2018 (Unaudited)	31.03.2019 (Audited)	(Unaudited) 30.06.2019	31.03.2019 (Audited)	(Unaudited) 30.06.2018	31.03.2019 (Audited)
	Income from operation
$\boldsymbol{\varpi}$ $\Omega$	Net sales / income from operations	7.15 59.80	1.35 57.79	57.32 1.51	5.15 262.81	62.76 72.97	60.60 57.01	59.29 64.59	260.98 272.84
	Other Operating Income Total Income from operations (net) [1a + 1b]	66.95	59.14	58.83	267.96	135.73	117.61	123.88	533.82
2 a	Purchases of stock-in-trade Expenses	×.				31.17	6.42	7.52	120.49
م	Changes in inventories of stock in trade					(0.86)	10.19	0.99	(20.80) 32.53
$\circ$ $\pmb{\omega}$	Depreciation and amortisation expense Employee benefits expense	52.60 5.07	6.34 59.35	5.36 59.38	22.70 237.42	52.79 7.17	9.85 59.44	7.19 59.76	238.65
	Finance cost	5.05	6.41	7.22	28.50	5.72	6.69	7.37	29.32
g	Other expenses	5.95	4.76	7.13	25.64	21.76	153.85 61.26	106.59 23.76	550.03 149.84
	Profit/(Loss) before Tax (1-2) Expenses [sum of (a) to (g)]	68.67 (1.71)	(17.72) 76.86	(20.26) 79.09	(05.30) 314.26	17.96 117.77	(36.24)	17.29	(16.22)
ಣ ಕ	Tax expense	0.15	(0.14)	(0.13)	(0.54)	4.69	(4.50)	8.76	7.09
s	Net Profit from Ordinary Activities After Tax (3-4)	(1.86)	(17.59)	(20.13)	(45.76)	13.27	(31.74)	8.54	(23.30)
6	Extraordinary Items	(1.86)	(69.71)	(20.13)	(45.76)	13.27	(31.74)	8.54	(23.30)
$\sim$ $\infty$	Share of profit / (loss) of associates Net Profit for the period (5+6)					81.97	7.24	88.52	302.90
စာ	Net profit after taxes and share of profit / (loss) of associates (7+8)	(1.86)	(17.59)	(20.13)	(45.76)	95.24	(24.50)	97.06	279.60
10	Other comprehensive income
	- Changes in fair value of FVOCI equity instruments	(33.52)	(33.27)	(29.99)	(74.85)	(45.17)	(44.83)	(40.41)	(100.86)
	-Share of changes in fair value of FVOCI equity instrument from associate					22.94	(57.14)	27.60	(67.63)
	- Remeasurements of post-employment benefit obligations			٠	$\mathbf{I}$				$\bullet$
	Share of Remeasurements of post-employment benefit obligations from associate					1.27	1.50	1.18	5.33
	Other comprehensive income for the period	(33.52)	(33.27)	(29.99)	(74.85)	(20.96)	(100.47)	(11.63)	(163.16)
F	Total comprehensive income for the period (9+10)	(35.38)	(98.05)	(50.12)	(120.61)	74.28	(124.97)	85.43	116.44
12	Paid up Equity Share Capital (face value Re. 1 per share)	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88
13	audited balance sheet of previous accounting year Reserves excluding Revaluation reserves as per	$\blacksquare$	$\blacksquare$	٠	1,043.43	٠	٠		5,596.02
14	Earnings Per Share (EPS) (not annualised): (Basic & Diluted)	(0.17) (0.17)	(1.62) (1.62)	$(1.85)$ $(1.85)$	$(4.21)$ $(4.21)$	8.75 8.75	$(2.25)$ $(2.25)$	8.92 8.92	25.70 25.70

$\sim$ $\sim$

-Scanners & related Products Particulars a. Investment & Finance d. Other Unallocables c. Trading Business Segment Revenue b. Business Centre -Others	58.10 7.84 10.1 $\blacksquare$ (Unaudited) 30.06.2019	tandalone Quarter Ended U) (Audited) 31.03.201
							Consolidated
				Year ended		Quarter Ended		Year ended
			30.06.2018	31.03.2019	30.06.2019	31.03.2019	30.06.2018	31.03.2019
			Unaudited	Audited	Unaudited	(Audited)	(Unaudited)	(Audited)
		1.03	1.02	36.20	1.01	1.03	1.02	36.20
		58.11	57.81	230.61	58.10	58.11	57.81	230.61
			$\bullet$	$\blacksquare$	68.78	58.47	65.05	265.86
		$\cdot$
				1.15	7.84			1.15
Net Sales/Revenue from Operation	66.95	59.14	58.83	267.96	135.73	117.61	123.88	533.82
Segment Results 2
Profit before Interest & Tax
a. Investment & Finance	(2.49)	(2.92)	(2.82)	18.20	(2.49)	(2.92)	(2.82)	18.20
b. Business Centre	1.73	(5.79)	(6.50)	(25.86)	1.73	(5.79)	(6.50)	(25.86)
c. Trading Business
-Scanners & related Products					19.68	(18.23)	37.71	30.90
-Others				(0.04)				(0.04)
d.Add/Less: Other Unallocables	4.11	(2.61)	(3.72)	(10.08)	4.11	(2.61)	(3.72)	(10.08)
Total Segment Result	3.34	1.32	(13.04)	(17.80)	23.01	(29.55)	24.67	13.10
Less : e) Interest / finance cost	5.05	6.41	7.22	28.50	5.05	6.69	7.37	29.32
Total Profit/ (Loss) Before Tax	(1.71)	(2.72)	(20.26)	(46.30)	17.96	(36.24)	17.29	(16.22)
Capital Employed n
(Segment Assets-Segment Liabilities)	928.37	962.43	1,014.43	962.43	5,410.61	5,249.92	1,014.43	5,249.92
a. Investment & Finance	2,159.80	2,200.19	2,451.34	2,200.19	2,159.80	2,200.19	6,741.34	2,200.19
c. Trading Business b. Business Centre
Scanners & related Products					169.13	254.22	150.21	254.22
-Others	(63.59)	(65.69)	(123.98)	(65.69)	(63.59)	(65.69)	(123.98)	(65.69)
d. Unallocated	84.35	98.28	93.48	98.28	84.35	98.28	93.48	98.28
Total Capital Employed	3,108.93	3,195.20	3,435.26	3,195.20	7,760.31	7,736.91	7,875.47	7,736.91

Notes:	The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried out by the Statutory Auditors. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors. 30, 2018 ('Order') has cancelled its Certificate of Registration as a NBFI, with effect Pursuant to an application made by the Company to Reserve Bank of India ('RBI'),	from date of the Order		for voluntary surrender of its Non-Banking Finance Institution ('NBFI') license, RBI vide Order dated November
	under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. Beginning April 1 2018, the Company has for the first time adopted Consequent upon surrender of NBFC license, as aforesaid, these statements have Transition to IND AS:			been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed
a	The reconciliation of net profit reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS is given below: nd AS with a transition date of April 1, 2017.
		(Rs. in lakhs, unless otherwise stated)
		Quarter	Quarter
	Description	30.06.2018 ended	30.06.2018 ended
		Standalone	Consolidated
	Net profit as per previous GAAP (Indian GAAP)	(20.13)	8.54
	Ind AS adjustments impacting net profit	$\equiv$	88.52
	Net profit as per Ind AS	(20.13) (29.99)	(11.63) 97.06
	Other comprehensive income for the period, net of tax	(50.12)	85.43
	Total comprehensive income for the period
	This reconciliation statement has been provided in accordance with circular CIR/CFD/FAC/62/2016 issued by SEBI dated July 5, 2016 on account of implementation of Ind-AS by listed companies.
မ	The figures for the previous period have been recast/ regrouped wherever necessary to confirm to current period's presentations.			FOR Thacker & Company Limited
	Date: Aug 12, 2019 Place: Mumbai			Arun Kumar Jatia (Director)

Review report on quarterly unaudited Standalone financial results of Thacker and Company Limited pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Thacker And Company Limited

• 1. We have reviewed the accompanying statement of unaudited Standalone financial results ("the Statement") of Thacker And Company Limited ("the Holding Company") and its subsidiary (together referred to as "the Group") for the quarter ended June 30, 2019 attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). This statement is the responsibility of the Holding Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
• We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410. "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Standalone unaudited financial results prepared in accordance with applicable Indian Accounting Standards i.e. IND AS prescribed under Section 133 of the Companies Act. 2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in term of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For and on behalf of ADV & Associates Chartered Accountants FRN.128045W

, d'ha

Prakash Mandhaniya Partner Membership No.: 421679 Place: Mumbai Dated: 12.08.2019. UDIN: 19421679AAAAAY9926

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Review report on quarterly unaudited consolidated financial results of Thacker and Company Limited pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Thacker And Company Limited

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results ("the Statement") of Thacker And Company Limited ("the Holding Company") and its subsidiary (together referred to as "the Group") for the quarter ended June 30, 2019 attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'). This statement is the responsibility of the Holding Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of consolidated unaudited financial results prepared in accordance with applicable Indian Accounting Standards i.e. IND AS prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in term of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For and on behalf of

ADV & Associates Chartered Accountants FRN.128045W

Prakash Mandhaniya Partner Membership No.: 421679 Place: Mumbai Dated: 12.08.2019 UDIN: 19421679AAAAAZ4717

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