Thacker & Co. Ltd. — Interim / Quarterly Report 2022

Feb 8, 2022

8th February, 2022

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 Meeting

Please be informed that at the Board Meeting held today, our Board of Directors have taken on record the Statement of Standalone and Consolidated Un-audited Financial Results of the Company for the Quarter and nine months ended on 31st December, 2021.

A copy of the said Financial Results together with the Limited Review Report, for the Quarter and nine months ended on 31St December, 2021, is attached for your information and records.

The meeting commenced at 03:15 p.m. and concluded at 03:45.p.m.

Kindly take the aforesaid on your records.

Thanking you,

Yours faithfully, For, Thacker And Compan ^sited

Company Secretary & Compliance 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: thacker@ythacker.co.in CIN No. : L21098MH1878PLC000033

GST No. : 27AAACT3200A1Z7

THACKER AND COMPANY LIMITED

$\angle$ Fujisan

الله المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد المساحد ا
Regd. Office : Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mumbai 400 001
Tel. No.

Statement of Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months ended 31st Dec, 2021

												(Rs. in lakhs, unless otherwise stated)
				Standalone							Consolidated
	Particulars		Quarter Ended		Nine Months Ended		Year ended		Quarter Ended			Nine Months Ended	Year ended
		31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Income from operation
a	Net sales / income from operations	47.74	61.03	46.35	156.51	157.75	214.91	119.08	121.43	128.08	354.30	333.07	532.74
b	Other Operating Income	48.28	94.96	62.72	187.71	156.53	204.10	55.90	99.52	64.52	201.20	162.73	212.13
	Total Income from operations (net) [1a + 1b]	96.02	155.99	109.07	344.22	314.28	419.01	174.98	220.95	192.60	555.50	495.80	744.87
$\overline{2}$	Expenses
a	Purchases of stock-in-trade		$\sim$	$\overline{\phantom{a}}$			۰.	56.57	6.79	32.89	147.80	93.71	163.90
b	Changes in inventories of stock in trade		$\overline{\phantom{a}}$	$\overline{\phantom{a}}$			٠	(10.35)	26.84	13.62	(33.13)	2.25	11.84
c	Employee benefits expense	2.97	2.65	4.43	7.78	13.70	16.07	4.99	4.07	7.07	11.72	20.93	30.81
e	Depreciation and amortisation expense	43.06	43.13	48.66	129.33	146.02	194.68	43.62	43.69	49.47	130.99	148.40	197.88
	Finance cost	0.02	0.04	0.02	0.17	1.98	2.01	0.18	0.35	0.29	0.86	2.55	2.95
$\alpha$	Other expenses	7.92	8.38	9.46	24.06	46.15	54.05	23.20	23.53	25.09	70.72	89.30	115.91
	Expenses [sum of (a) to (g)]	53.97	54.20	62.57	161.34	207.85	266.81	118.21	105.27	128.43	328.96 226.54	357.14 138.66	523.29 221.58
3	Profit/(Loss) before Tax (1-2)	42.05	101.79	46.50	182.88	106.43	152.20	56.77	115.68	64.17
4	Income Tax expense										49.72	31.69	53.16
	Current Tax	7.05	29.40	8.90	39.41	23.58	35.10 (0.98)	10.72 0.05	32.90 0.03	13.34 (0.25)	0.12	(0.73)	(0.98)
	Deferred Tax	0.01		(0.24)	0.01	(0.74)
5		34.99	72.39	37.84	143.46	83.59	118.08	46.00	82.75	51.08	176.70	107.70	169.40
	Net Profit from Ordinary Activities After Tax (3-4)							$\overline{\phantom{a}}$		$\overline{\phantom{a}}$
6	Extraordinary Items Net Profit for the period (5+6)	34.99	72.39	37.84	143.46	83.59	118.08	46.00	82.75	51.08	176.70	107.70	169.40
$\overline{7}$	8 Share of profit / (loss) of associates							180.48	147.70	31.00	524.12	217.22	506.54
	9 Net profit after taxes and share of profit / (loss) of
	associates (7+8)	34.99	72.39	37.84	143.46	83.59	118.08	226,48	230.45	82.08	700.82	324.92	675.94
	10 Other comprehensive income
	- Changes in fair value of FVOCI equity instruments	43.85	22.43	103.58	179.44	204.14	138.61	61.43	31.42	152.43	251.38	287.93	198.24
	-Share of changes in fair value of FVOCI equity
	instrument from associate							(72.24)	51.88	101.53	186.28	134.56	161.32
	- Remeasurements of post-employment benefit
	oligations					$\overline{\phantom{a}}$		٠
	- Share of Remeasurements of post-employment							(8.44)	13.39	4.00	20.95	(5.73)	7.38
	benefit obligations from associate Other comprehensive income for the period	43.85	22.43	103.58	179.44	204.14	138.61	(19.25)	96.69	257.96	458.61	416.76	366.94
11	Total comprehensive income for the period (9+10)	78.84	94.82	141.42	322.90	287.73	256.69	207.23	327.14	340.04	1,159.43	741.68	1,042.88
	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	10.88	10.88	10.88	10.88
	13 Reserves excluding Revaluation reserves as per												7,110.45
	audited balance sheet of previous accounting year		٠				1,255.30	٠
	14 Earnings Per Share (EPS) (not annualised):
	(Basic & Diluted)	3.22	6.65	3.48	13.19	7.68	10.85	20.82	21.18	7.54	64.42	29.87	62.13
		3.22	6.65	3.48	13.19	7.68	10.85	20.82	21.18	7.54	64.42	29.87	62.13

	Segment Reporting for the Consolidated Unaudited Financial Results for Quarter and Nine Months ended 31st Dec. 2021
												(Rs. in lakhs, unless otherwise stated)
	Standalone						Consolidated
Particulars		Quarter Ended		Nine Months Ended		Year ended		Quarter Ended		Nine Months Ended		Year ended
	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Segment Revenue
a. Investment & Finance	6.61	53.02	0.97	61.03	2.67	4.19	6.61	53.02	0.97	61.03	2.67	4.19
b. Business Centre	89.41	102.97	92.40	281.80	295.91	399.12	89.41	102.97	92.40	281.80	295.91	399.12
c. Trading Business
-Scanners & related Products		٠	$\overline{\phantom{a}}$		$\overline{a}$	٠	78.96	64.96	83.53	211.28	181.52	325.86
-Others							۰.
d. Other Unallocables		$\overline{\phantom{a}}$	15.70	1.39	15.70	15.70			15.70	1.39	15.70	15.70
Net Sales/Revenue from Operation	96.02	155.99	109.07	344.22	314.28	419.01	174.98	220.95	192.60	555.50	495.80	744.87
2 Segment Results Profit before Interest & Tax a. Investment & Finance b. Business Centre c. Trading Business -Scanners & related Products -Others d.Add/Less: Other Unallocables Total Segment Result Less : e) Interest / finance cost Total Profit/ (Loss) Before Tax	2.78 42.82 (0.57) (2.96) 42.07 0.02 42.05	49.35 56.44 (0.52) (3.44) 101.83 0.04 101.79	(2.95) 39.11 $\overline{\phantom{a}}$ (0.34) 10.70 46.52 0.02 46.50	49.92 142.37 (1.61) (7.63) 183.05 0.17 182.88	(7.78) 110.83 (0.34) 5.70 108.41 1.98 106.43	(10.21) 162.49 (0.88) 2.81 154.21 2.01 152.20	2.78 42.82 14.88 (0.57) (2.96) 56.95 0.18 56.77	49.35 56.44 14.20 (0.52) (3.44) 116.03 0.35 115.68	(2.95) 39.11 17.94 (0.34) 10.70 64.46 0.29 64.17	49.92 142.37 44.35 (1.61) (7.63) 227.40 0.86 226.54	(7.78) 110.83 32.80 (0.34) 5.70 141.21 2.55 138.66	(10.21) 162.49 70.32 (0.88) 2.81 224.53 2.95 221.58
3 Capital Employed (Segment Assets-Segment Liabilities) a. Investment & Finance b. Business Centre c. Trading Business -Scanners & related Products -Others d. Unallocated Total Capital Employed	1,498.18 1,721.79 7.48 (10.27) 3,217.18	1.429.41 1.760.61 7.48 (17.48) 3,180.02	1.059.79 2,016.51 28.65 (8.56) 3,096.39	1,498.18 1.721.79 7.48 (10.27) 3,217.18	1.059.79 2.016.51 28.65 (8.56) 3,096.39	1.051.04 1,943.78 ٠ 28.08 (3.59) 3.019.31	7,990.15 1,721.79 199.71 7.48 (10.27) 9,908.86	7.804.00 1,760.61 188.70 7.48 (17.48) 9,743.31	6.443.45 2,016.51 140.99 28.65 (8.56) 8,621.04	7,990.15 1,721.79 199.71 7.48 (10.27) 9,908.86	6.443.45 2,016.51 140.99 28.65 (8.56) 8,621.04	6,739.72 1,943.78 166.47 28.08 (3.59) 8,874.46

je.

Notes:

• 1. The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at their meeting held on February 08, 2022.
• 1. The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried out by the Statutory Auditors.
• 1. 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.
• 1. 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.
• 1. The consolidated financials results include financial results of :-

Name	Relationship
Fujisan Technologies Limited	Subsidiary Company
AMJ Land Holdings Limited	Associate Company
Pudumjee Paper Products Limited	Associate Company

1. The figures for the previous period have been recast/ regrouped wherever necessary to confirm to current period's presentations.

Place: Mumbai Date: 08th February, 2022

Arun Kumar Jatia (Director)

For Thacker and Company Limited

$con$

Murrha

Independent. Auditor's Review Report on, the Unaudited Standalone Financial Results of the Company for the Quarter and Nine Months ended 31st December, 2021 Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, As-amended

Review Report to The Board of Directors Thacker and Company Limited

I.

• 1. We have reviewed the accompanying statement of Unaudited Standalone financial .resulthof Thacker and Company Limited (the "Company"), for the Quarter & Nine Months Ended 31' December, 2021 ("the Statement"), attached herewith, ling submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, as amended (the Listing Regulations"),
• 1. This Statement, Which is the responsibility of the Company's Management and approved by the Company's.Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "interim Financial Reporting" (Ind AS 34"), prescribed under section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation ,:33.of the Listing Regulations Our responsibility is to issue a report on the Standalone financial statements based on our review.
• 3.. We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 financial statements are free of material misstatement. A. review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit We have not performed an audit and accordingly, we do - not express an audit opinion.

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1. Based on our - review conducted as. above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,. 2015 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

o9VN sd

Prakash Mandhaniya .Partner Membership No. 421679 Date: 08.02.2022 Place: Mumbai UDIN: 22421679AAVKA2553

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Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of the Company for the Quarter. and Nine Months Ended 3101December, 2921 Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Thacker and Company Limited.

• 1. We have reviewed the 'accompanying Statement- of Unaudited Consolidated Financial Results of Thacker and Company Limited ("the Company") and its subsidiaries (the Company and its subsidiaries together referred to as "the Group"), for the quarter and nine months ended December 31, 2021 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations. and Disclosure-Requirements) Regulations, 2015, . as amended..
• 1. This Statement, which is the responsibility of the Company's Management and approved: by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("md AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India Our responsibility is to express a.conclusion on the Statement based.on our review
• 1. Weconducted our review of the Statement in accordance with the Standard * on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures A review is substantially less in scope than an audit conducted In accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that mightbe. identified in an audit Accordingly, we do not express an audit opinion

We also performed procedures ir accordance with the circular issued by theSEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Re:ulations, 2015, as amended, to the extent applicable

Page 1 o 3

1. The Statement includes the Result, of Following Entities:

	Sr No Name of the Entity	Relationship
1	Fujsan Technologies Limited	Subsidiary Company
2	AMJ Land Holding Limited	Associate Company
3	Pudum;ee Paper Products Limited	Associate Company

• 1. Based an our review conducted and procedures performed as stated in p.ragraph S above and based on the Consideration of the Review Reports of the other auditors referred to in paragraph .'6. Below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms 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,
• 1. We did not review the interim financial results of two associate companies included in the. Statement Details of which are as under:

One Associate company included in the statement whose result reflect revenue of Rs.. 1,160.34 lakhs and Rs. 1700.20 lakhs, net profit after tax of Rs. 22.41 .lakhs and Rs. 313.59 lakhs, and total comprehensive income of R. (176.72) lakhs and Rs. 1497.45 lakhs 'fo:r the, quarter and Nine Month ended December 31, 2021 respectively as considered in the Statement. These interim financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management, and, our conclusion in far as it relates to. the amounts and disclosures included in respect.ô.f these associi. company, is based solely on the reports of such-other auditors and theprocedures performed by us as stated in.paragraph 3 above

Our conclusion on the Statement is not modified in respect of the ábove'matters

Page .2 of 3

Further, another Associate company included in the statement whose result reflect revenue of Rs. 14,224 lakhs and Rs. 38,274. lakhs, net profit after tax of Rs. 935 lakhs and Rs. 3,263 lakhs,• and total comprehensive income of Rs. 877 lakhs and Rs. 3,407 lakhs for the quarter and Nine month ended December 31, 2021 respectively, These interim financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management and our conclusion in so far as it relates to the amounts and disclosures included in..respect.; of these associate company, is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done by other auditors and the Financial Results certified by the Management.

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

.Prakash .Mandhaniya Partner Membership No. 421679 Date,:. 08.02.2022 Place: Mumbai UDIN 22421679AAVKR13397

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