Thacker & Co. Ltd. — Interim / Quarterly Report 2021

Aug 12, 2021

12th August, 2021

The Manager, Corporate Relationship Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Ref: Scrip Code- 509945

Dear Sir/Ma'am,

Sub: Outcome of Board Meetinq

Please be informed that at the Board Meeting held today, our Board of Directors have taken on record the Statement of Standalone and Consolidated Unaudited Financial Results of the Company for the Quarter ended on 30th June, 2021. A copy of the said results together with the Limited Review Reports, for the Quarter ended on that date are attached for your information and records.

The meeting commenced at 3:30 p.m. and concluded at 4:00 p.m.

II ( Mum

Thanking you,

Yours faithfully, For, Thacker ançi Company Limited

• (fY

R.,- d ia - Manage & Chief Financial Officer

End: As above.

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

GST No. : 27MACT3200A1Z7

AND CO. LTIJ. CIN: L21098MH1878PLC000033

Regd. Office: Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K.Dubash Marg, Mumbal 400 001 Tel. No. : 91-22-43553333 E-Mail: thacker@thacker.co.in Website: www.thacker.co.in

Statement ofStandalone and Consolidated Unaudited Financial Results for the Quarter ended 30th June, 2021

							(Rs . in	lak hs les s ot , un	her wis d e st ate
			Sta	nda lon e		Co lida ted nso
	Pa rtic ula rs	ded Qu En art er			Ye nde d ar e	ded Qu art En er			Ye nde d ar e
		30. 06. 202 1	I 31 .03 .20 21	F 30. 06. 202 0	I 3 1.0 3.2 021	30. 06. 202 1	I 3 1.0 3.2 021	0 0 (9 9)	31. 03. 202 1
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00) -	Inc e fr tion om om op era		0)	0)
	e fr Ne t sa les I in rati com om ope ons Oth er O	0) . . •	UI -	(ON) -	0 - 0-	113 .79	(0(0 -A. 0) Cl -J • CO	0)	532 .74 212 .13
	atin g In per com e To tal Inc e fr ion s (n ) (Ia + I b ) rat et om om ope	(0 N) CD	(9-4 J	- - I I 94. 20	419 .01	45 .78 1 159 .57	I 249 .07	ca c" 0) P.) I	744 .87
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	Cu t T rren ax	0 0)	N) UI N)		(00 '0- C.)	0 0 -	N) 4 0) N)	N) - o CO	0) Cn
	De fer red Tax	00(0 a)PN -		000) a) UI N) -F'9- (9 -		-	-&P (DC))		(00Cl) ACO-I 00)
(0 a) -4 a) UI	Net Pr ofit fro m O rdi y A ctiv itie s A fte r T (3- 4 ) nar ax	(9 a)	34. 49		118 .08	(0 UI	0) a	(9 01	- CC
	Ext rdin Ite rao ary ms
	rof it fo eri Ne t P r th od (5+ 6 ) e p	0 (9 a) a)	(0	0 (9 a) -	118 .08	-4 (D UI	61. 69	(0 (9 0.	r 169 .40
	Sha of fit / (los s) of a cia tes re pro sso					- (in (D -A. C0	289 .33		506 .54
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	To tal hen siv e in e fo r th eri od (9+ 10 ) com pre com e p	149 .24	0 (9 I	a) a) a)	I I 256 .69	I 625 .06	I 301 .20	UI to	1 ,04 2.8 8
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	Segment Reporting for the Consolidated Unaudited Financial Results for Quarter ended 30th June, 2021
							(Rs. in lakhs, unless otherwise stated)
		Standalone Year ended				Consolidated
Particulars		Quarter Ended			Quarter Ended			Year ended
	30.06.2021	31.03.2021	30.06.2020	31.03.2021	30.06.2021	31.03.2021	30.06.2020	31.03.2021
	(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)	(Unaudited)	(Audited)
Segment Revenue $\mathbf{1}$
a. Investment & Finance	1.40	1.52	0.89	4.19	1.40	1.52	0.89	4.19
b. Business Centre	89.42	103.21	93.31	399.12	89.42	103.21	93.31	399.12
c. Trading Business
-Scanners & related Products					67.37	144.34	36.03	325.86
-Others
d. Other Unallocables	1.38			15.70	1.38			15.70 744.87
Net Sales/Revenue from Operation	92.20	104.73	94.20	419.01	159.57	249.07	130.23
Segment Results 2
Profit before Interest & Tax
a. Investment & Finance	(2.21)	(2.43)	(2.29)	(10.21)	(2.21)	(2.43)	(2.29)	(10.21)
b. Business Centre	43.12	51.69	41.63	162.49	43.12	51.69	41.63	162.49
c. Trading Business
-Scanners & related Products					15.26	37.52	4.37	70.32
-Others	(0.52)	(0.53)		(0.88)	(0.52)	(0.53)		(0.88) 2.81
d.Add/Less: Other Unallocables	(1.23)	(2.93)	(1.69)	2.81	(1.23)	(2.93) 83.32	(1.69) 42.02	224.53
Total Segment Result	39.16	45.80	37.65 1.60	154.21 2.01	54.42 0.33	0.40	1.73	2.95
Less : e) Interest / finance cost Total Profit/ (Loss) Before Tax	0.12 39.04	0.03 45.77	36.05	152.20	54.09	82.92	40.29	221.58
Capital Employed 3
(Segment Assets-Segment Liabilities)
a. Investment & Finance	1,202.44	1,051.04	783.80	1,051.04	7,355.07	6,739.72	5,772.62	6,739.72
b. Business Centre	1,899.24	1,943.78	2,109.14	1,943.78	1,899.24	1,943.78	2,109.14	1,943.78
c. Trading Business
-Scanners & related Products					178.34	166.47	127.82	166.47
-Others	27.32	28.08	0.39 67.10	28.08	27.32 (2.13)	28.08 (3.59)	0.39 67.10	28.08 (3.59)
d. Unallocated	(2.13)	(3.59)		(3.59)	9,457.84	8,874.46	8,077.07	8,874.46
Total Capital Employed	3,126.87	3,019.31	2,960.43	3,019.31

Det in the

$\mathcal{S}$

$\sim$

Notes:

	The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors held August 12, 2021.
2.	The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried out by the Statutory Auditors.
3.	Pursuant to an application made by the Company to Reserve Bank of India ('RBI'), for voluntary surrender of its Non-Banking Finance Institution ('NBFI') license, RBI vide Order dated November 30, 2018 ('Order') has cancelled its Certificate of Registration as a NBFI, with effect from date of the Order.
4.	Consequent upon surrender of NBFC license, as aforesaid, these statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
5. 6.	The COVID-19 outbreak has developed rapidly in India and across the globe. Measures taken by the Government to contain the virus, like lock-downs and other measures, have affected economic activity and caused disruption to regular business operations. The Company has considered the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of all assets and liabilities including receivables, loans, investments and inventories. While the Management has evaluated and considered the possible impact of COVID-19 pandemic on the financial statements, given the uncertainties around its impact on future economic activity, the impact of the subsequent events is dependent on the circumstances as they evolve. The consolidated financials results include results of :-
	Name	Relationship
	Fujisan Technologies Limited	Subsidiary Company
	AMJ Land Holdings Limited	Associate Company
	Pudumjee Paper Products Limited	Associate Company
7.	The figures for the previous period have been recast/regrouped wherever necessary to confirm to current period's presentations

For Thacker and Company Limited

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Mum

Huy

٦

Place : Mumbai Date: 12th August, 2021

Arun Kumar Jatia (Director)

Independent Auditor's Limited Review on the Quarterly Unaudited Standalone Financial Results of the Company pursuant to the regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended

TO

THE BOARD OF DIRECTORS OF THACKER AND COMPANY LIMITED

Opinion

We have reviewed the accompanying Statement of unaudited Standalone Financial Results of THACKER ANE-COMPANY LIMITED ("the Company"), for the quarter ended June 30, 2021 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (As amended)

In our opinion and to the best of our information and according to the explanations gives to us the financial results:

i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended) and

ii. Gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended June 30, 2021.

Basis for Opinion

We conducted our review of the Unaudited Standalone financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the review of the Unaudited Standalone financial statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our review of the Unaudited Standalone financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Unaudited Standalone financial statements.

Emphasis of Matter

We draw your attention to these Unaudited Standalone financial results, which describe the Management's assessment of the impact of COVID-19 pandemic and the resultant lockdowns on the significant uncertainties involved in developing some of the estimates involved in preparation of the Unaudited Standalone financial statements including but not limited to its assessment of liquidity and going concern, recoverable value of its property, plant and equipment and the net realisable value of other assets including inventory. Based on information available as of the date, Management believes that no further adjustments are required to the Unaudited Standalone financial results.

Page 1 of 3

801, Empress Nucleus, Gaothan Road, Off. Uffle Rower School, Andheri (E), Mumbai - 400 069 Mob: 4-91 9167664141/9029059911 + Email: advassociates3gmail.com

However, it is difficult at this stage to assess the impact of COVID-19 on the revenue and profitability for the whole of F.Y. 2021-2022. The situation is changing rapidly giving rise to inherent uncertainty around the extent and timing of the potential future impact of the COVID-19 which may be different from that estimated as at the date of approval of these Unaudited Standalone financial results. The Company will continue to closely monitor any material changes arising 0il future economic conditions and impact on its business. Our opinion is not modified in respect of the above matters.

Responsibilities of Management and those charged with governance for the statement

This Unaudited Standalone financial result has been prepared by the management and approved by the Company's Board of Directors. The Company's Board of Pirector is responsible for preparation and presentation of the statement that gives a true and fair view of the net profit of the company in accordance with accounting principle generally accepted in India, including Indian Accounting Standard prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principal generally accepted in India, and in compliance with Regulation 33 of the Listing regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial statements that give a true and fair view and free from material misstatement, whether due to fraud and error.

In preparing the Unaudited Standalone financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reporting process.

Auditors Responsibilities for the Review of the Unaudited Standalone financial statements

Our objectives are to obtain reasonable assurance about whether the Unaudited Standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone financial statements.

As part of a review in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Unaudited Standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

Page 2 of 3

SIll, lmpress Nucleus, Gaothan Road, Off. Little Flower School, Andheri (L), Murnhai - 400 069 Mob: +91916766-4141/9029059911 + Email: advassociatesTgmail.com

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone financial statements or, if such disclosures are inadequate, to modified our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation structure and content of the Unaudited Standalone financial statements, including the disclosures, and whether the Unaudited Standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during review.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matter that may reasonably be thoughts to bear on our independence, and where applicable, related safeguards.

For and on behalf of A D V and Associates Chartered Accountant FRN: 128045W

Prakash Mandhaniya Partner Membership No.: 421679 Date: 12.08.2021 Place: Mumbai UDIN: 21421679AAAACH7794

Page 3 of 3

801, Empre Nucleus, Gaothn Road, Off. Little Flower School, Andheri (E), Murnbai -400 069 Mob; +919167664141 / 9029059911 + Email: advassociatcsgmaiLcom

Independent Auditor's Limited Review on the Quarterly Unaudited Consolidated Financial Results of the Company pursuant to the regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended

TO

THE BOARD OF DIRECTORS OF THACKER AND COMPANY LIMITED

Opinion

We have reviewed the accompanying Statement of Consolidated Financial Results of THACKER AND COMPANY LIMIT-ED ("the Company"), for the quarter ended June 30, 2021 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (As amended)

In our opinion and to the best of our information and according to the explanations gives to us the financial results:

• i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended) and
• ii. Gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended June 30, 2021.

Basis for Opinion

We conducted our review of the Unaudited Consolidated financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act (SA5). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the review of the consolidated financial statements section of our report We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the independence requirements that are relevant to our review of the Unaudited Consolidated financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Unaudited consolidated financial statements.

Emphasis of Matter

We draw your attention to these Unaudited Consolidated financial result, which describe the Management's assessment of the impact of COVID-19 pandemic and the resultant lockdowns on the significant uncertainties involved in developing some of the estimates involved in preparation of the Unaudited Consolidated financial statements including but not limited to its assessment of liquidity and going concern, recoverable value of its property, plant and equipment and the net realisable value of other assets including inventory. Based on information available as of the date, Management believes that no further adjustments are required to the Unaudited consolidated financial results.

However, it is difficult at this stage to assess the impact of COVID-19 on the revenue and profitability for the whole of F.Y. 2021-2022.

Page 1 of 3

801, Empress Nucleus, Gaothan Road, Off. Little Flower School, Andheri (E), Mumbai - 400 069 Mob: +919167664141 / 9029059911 + Email: advassociites@gmail.com

The situation is changing rapidly giving rise to inherent uncertainty around the extent and timing of the potential future impact of the COVID-which may be different from that estimated as at the date of approval of these Unaudited consolidated financial results. The Company will continue to closely monitor any material changes arising of future economic conditions and impact on its business. Our opinion is not modified in respect of the above matters.

Responsibilities of Management and those charged with governance for the statement

This Unaudited Consolidated financial result has been prepared by the management and approved by the Company's Board of Directors. The Company's Board of Director is responsible for preparation and presentation of the statement that gives a true and fair view of the net profit of the company in accordance with accounting principle generally accepted in India, including Indian Accounting Standard prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principal generally accepted in India, and in compliance with Regulation 33 of the Listing regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Unaudited Consolidated financial statements that give a true and fair view and free from material misstatement, whether due to fraud and error.

In preparing the Unaudited Consolidated financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reporting process.

Auditors Responsibilities for the review of the Unaudited consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the Unaudited consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Unaudited Consolidated financial statements.

As part of a review in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Unaudited Consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

Page 2 of 3

801, Empress Nucleus, Gaothn Road, Off. Little Flower School, Andheri (U, Mumbai - 400 069 Mob: +919167664141 / 9029059911 + Email: advassociates@gmail.com

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated financial statements or, if such disclosures are inadequate, to modified our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation structure and content of the Unaudited consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the Financial Information of the entities within the Group to express an opinion on the Unaudited consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matter that may reasonably be thoughts to bear on our independence, and where applicable, related safeguards.

For and on behalf of A DV and Associates Chartered Accountant FRN: 128045W

Prakash Mandhaniya Partner Membership No.: 421679 Date: 12.08.2021 Place: Mumbai UDIN: 21421679AAAACG8328

Page 3 of 3

801, Empress Nucleus, Gaothan Road, Off. Little Flower School, Andheri (F), Mumbai - 400 069 Mob: +91 9167664141/9029059911 + Email: advassociatesginail.com