Thacker & Co. Ltd. — Interim / Quarterly Report 2023

Nov 7, 2023

07th November, 2023

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 Un-audited Financial Results of the Company for the Quarter and Half Year ehded on 30th September, 2023.

A copy of the said Financial Results together with the Limited Review Report, for the Quarter and Half Year ended on 30th September, 2023, is attached for your information and records.

The meeting commenced at 03:30 p.m. and concluded at 04:30 p.m.

Kindly take the aforesaid on your records.

Thanking you,

Yours faithfully, For, Thacker And Corripa Limited She ali Patel Company Secret ar' 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, Mumbai-400001, India Tel: 91-22-43553333, Web-Site: www.thacker.co.in , E-mail: thacker@thacker,co.in CIN No, : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7

THACKERANDCOMPANY LIMITED Fuj isan

CIN: L21098MH1878PLC000033

Regd. Office Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mumbai 400 001

Tel. No. : 91-22-43553333 E-Mail: thacter@thacker.co.in Website: www.thacker.co.in

Statement ofStandalone and Consolidated Unaudited Financial Results for the Quarter and Half Year ended 30th Sept, 2023

Ye nde d ar e 31.0 3 .20 23 a NCN) NC A 634 .68 33. 08 20. 81 11.8 1 160 .30 1.4 3 49. 05 276 .48 P NC
00) NC P
281 .89
281 .89
960 .99
CC P 0)
-. 0 CCC
CO -J
CD A
P NC
P CC
0 0
p AA p
(44 U) .35 .83 .18 C.) A CO .07 CC NC NC -4 J

Segment Reporting for the Consolidated Unaudited Financial Results for Quarter and Half Year ended 30th Sept, 2023
											(Rs. in lakhs, unless otherwise stated
	Standalone									Consolidated
Particulars		Quarter Ended		Half Year Ended		Year ended		Quarter Ended		Half Year Ended		Year ended
	30.09.2023	30.06.2023	30.09.2022	30.09.2023	30.09.2022	31.03.2023	30.09.2023	30.06.2023	30.09.2022	30.09.2023	30.09.2022	31.03.2023
Segment Revenue	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
a. Investment & Finance
b. Business Centre	92.87	10.59	87.18	103.46	94.46	119.07	92.87	10.59	87.18	103.46	94.46	119.07
c. Trading Business	84.78	84.78	86.89	169.56	173.77	362.18	84.78	84.78	86.89	169.56	173.77	362.18
-Scanners & related Products
-Others	20.20			$\sim$	$\sim$		13.93	5.73	77.18	19.67	132.43	153.43
d. Other Unallocables				20.20	13.86		20.20			20.20	13.86
Net Sales/Revenue from Operation	197.85	95.37	174.07	293.22			$-$
					282.09	481.25	211.78	101.10	251.25	312.89	414.52	634.68
$\overline{2}$ Segment Results
Profit before Interest & Tax
a. Investment & Finance	89.19	6.96	83.36	96.13	87.02	103.74	89.19	6.96
b. Business Centre	44.87	46.81	44.22	91.65	88.93	192.09	44.87	46.81	83.36 44.22	96.13	87.02	103.74
c. Trading Business										91.65	88.93	192.09
-Scanners & related Products		$\sim$	$\sim$				10.92	2.47	61.79
-Others	19.50	(0.70)	(0.69)	18.80	12.57	(2.75)	19.50	(0.70)	(0.69)	13.39	66.11	76.97 $-2.75$
d.Add/Less: Other Unallocables	(4.14)	(2.77)	(3.44)	(6.87)	(5.73)	(10.43)	(4.14)	(2.77)	(3.44)	18.80	12.57
Total Segment Result	149.42	50.30	123.45	199.71	182.79	282.65	160.34	52.77	185.24	(6.87) 213.10	(5.73)	$-10.43$
Less : e) Interest / finance cost	0.01	0.01	0.06	0.02	0.10	0.17	0.25	0.22	0.11	0.45	248.90 0.25	359.62
Total Profit/ (Loss) Before Tax	149.41	50.29	123.39	199.69	182.69	282.48	160.09	52.55	185.13	212.65	248.65	1.43 358.19
Capital Employed 3
(Segment Assets-Segment Liabilities)
a. Investment & Finance	2,177.46	1,830.92	1,783.70	2,177.46	1,783.70	1,839.27	10,588.97	9,703.57	9,029.08	10,588.97	9,029.08	9,465.10
b. Business Centre	1,483.15	1,586.69	1,600.17	1,483.15	1,600.17	1,613.50	1.483.15	1,586.69	1,600.17	1,483.15	1,600.17	1,611.82
c. Trading Business
-Scanners & related Products							279.64	272.29	264.63	279.64	264.63	270.65
-Others	7.48	24.34	7.48	7.48	7.48	24.69	7.48	24.34	7.48	7.48	7.48	24.69
d. Unallocated	(5.53)	(2.44)	(15.20)	(5.53)	(15.20)	(5.11)	(5.53)	(2.44)	(15.20)	(5.53)	(15.20)	(5.11)
Total Capital Employed	3,662.56	3,439.51	3,376.15	3,662.56	3.376.15	3,472.35	12,353.71	11,584.45	10,886.16	12,353.71	10,886.16	11,367.15

(Rs. in lakhs, unless otherwise stated) STANDALONE CONSOLIDATED 31.03.2023 30.09.2023 30.09.2023 31.03.2023 PARTICULARS (Unaudited) (Unaudited) (Audited) (Audited) ASSETS Non-current assets 1,650.76 1,720.97 1,653.07 a. Property, plant and equipment 6.08 b. Right-of-use assets c. Intangible Assets d. Financial assets 1,375.06 9,786.57 1,282.06 i. Investments 5.26 5.18 6.86 e. Deferred tax assets (net) $\mathbf{L}^*$ 0.15 f. Income tax assets (net)	1,723.29 8.10 8,906.21 7.10 0.80 10,645.50 9.38 3.20 59.71 65.00 656.00
3,031.00 3,008.44 11,452.58 Total non-current assets
Current assets
7.48 7.48 9.38 a. Inventories
b. Financial assets
15.31 15.31 i. Investments
3.13 ii. Trade receivables
0.88 0.77 17.25 iii. Cash and cash equivalents
56.00 iv. Bank balances other than (iii) above 56.00 65.00
625.00 469.00 865.00 v. Loans
vi. Other financial assets 24.52 33.34 34.52 5.19 3.33 7.10	41.52
c. Other current assets 734.38 569.92 1,016.69 Total current assets	4.77 839.58
3,765.38 3,578.36 12,469.27 11,485.08 TOTAL ASSETS
EQUITY AND LIABILITIES
a. Equity
10.88 10.88 10.88 Equity share capital	10.88
b. Other equity
Reserves and surplus 3,112.85 3,015.64 11, 157.77 10,533.18
538.83 445.83 Other Reserves 1,185.06	823.09
3,472.35 3,662.56 12,353.71 11,367.15 Total equity
LIABILITIES
Non-current liabilities
a. Financial Liabilities
Lease Liabilities	4.40
b. Employee benefit obligations
c. Deferred tax liabilities
2 d. Other non current liabilities
Total non-current liabilities ٠ ь	4.40
Current liabilities
a. Financial liabilities
2.79 5.65 5.92 i. Borrowing	5.65
ii. Trade payables
- Dues to micro and small
enterprises
- Dues other than micro and
2.56 5.03 3.86 small enterprises	6.25
- Dues to related parties
6.42 iii. Lease liabilities	4.04
0.07 0.04 0.05 iv. Other financial liabilities	0.07
b. Provisions 2.26 2.84
c. Income tax liabilities (net) d. Employee benefit obligations 0.39	0.39
95.17 94.87 96.47 e. Other current liabilities	97.13
106.01 102.82 115.56 Total current liabilities	113.53
102.82 106.01 115.56 Total liabilities	117.93
3,765.38 3,578.36 TOTAL EQUITY & LIABILITIES 12,469.27 11,485.08

	Statement of Standalone Cash flow for the half year ended 30th Sept, 2023
			(Rs. in lakhs, unless otherwise stated)
	Particulars		As at		As at
			30.09.2023		30.09.2022
А.	CASH FLOW FROM OPERATING ACTIVITIES:
	Profit / (Loss) before Extraordinary Items & Tax	1,99,69,308	199.69	1,82,69,075	182.69
	Add / (Less) Adjustments for:
	Depreciation and amortisation expense	70,21,800	70.22	77,74,342	77.74
	Rental income & Licence Fees	(1,01,29,584)	(101.30)	(98, 34, 546)	(98.35)
	Amortisation of Revaluation reserve	(68, 25, 978)	(68.26)	(75, 42, 850)	(75.43)
	Dividend income	(77, 92, 973)	(77.92)	(76, 71, 486)	(76.71)
	Operating profit before working capital changes	22,42,573	22.43	9,94,535	9.94
	Add/(Less) Adjustments for:	6,95,754	6.96	(2,73,92,842)	(273.93)
	(Increase) / decrease in Trade & Current Asset	(5, 45, 760)	(5.46)	18,90,004	18.90
	Increase / (decrease) in Current Liabilities
	Cash Generated from/(Used in)Operations	23,92,567	23.93	(2, 45, 08, 303)	(245.09)
	Direct Taxes Paid / (Refund)	(31, 73, 085)	(31.73)	(31, 98, 267)	(31.98)
	NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A]	(7,80,519)	(7.80)	(2,77,06,570)	(277.07)
В.	CASH FLOW FROM INVESTING ACTIVITIES:			(56,00,000)	(56.00)
	Deposit with Banks with Maturity More than 3 Months	(43,00,000)	(43.00)	(3,75,89,081)	(375.89)
	(Purchase) of Investment	1,01,29,584	101.30	98, 34, 546	98.35
	Rental Income	77,92,973	77.93	76,71,486	76.71
	Dividend Income		27.69	4,79,31,922	479.32
	sale of Investment	27,69,135
	NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B]	1,63,91,692	163.92	2,22,48,873	222.49
	C. CASH FLOW FROM FINANCING ACTIVITIES:
	Invested in Intercorporate Deposits	(1,56,00,000)	(156.00)	(35,00,000)	(35.00)
	NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C]	(1, 56, 00, 000)	(156.00)	(35,00,000)	(35.00)
		11,173	0.12	(89, 57, 697)	(89.58)
	Net increase in Cash and Cash equivalents [A+B+C]
	Cash and Cash Equivalents At The Beginning Of The Year	77,056	0.77	1,12,89,364	112.89
	Cash And Cash Equivalents At The End Of The Year	88,229	0.89	23,31,667	23.31

$\cdot$

	Statement of Consolidate Cash flow for the half year ended 30th Sept, 2023
			(Rs. in lakhs, unless otherwise stated)
	Particulars		As at		As at
			30.09.2023		30.09.2022
A.	CASH FLOW FROM OPERATING ACTIVITIES:
	Profit / (Loss) before Extraordinary Items & Tax	2,12,63,885	212.64	2,48,65,075	248.65
	Add / (Less) Adjustments for:
	Depreciation and amortisation expense	72,24,304	72.24	80.44.861	80.45
	Rental income & Licence Fees	(1,01,29,584)	(101.30)	(98, 34, 546)	$-98.35$
	Amortisation of Revaluation reserve	(68, 25, 978)	(68.26)	(75, 42, 850)	$-75.43$
	Dividend income	(82, 42, 973)	(82.43)	(81, 21, 486)	$-81.21$
	Profit on sale of Motor Car			(63, 456)	$-0.63$
	Interest component on right to use of assets	37,997	0.38	54,676	0.55
	Operating profit before working capital changes	33,27,651	33.27	74,02,274	74.02
	Add/(Less) Adjustments for:
	(Increase) / decrease in Trade & Current Asset	4,74,217	4.74	(2, 11, 16, 694)	$-211.17$
	(Increase) / decrease in Inventories			15,94,028	15.94
	Increase / (decrease) in Current Liabilities	(5, 22, 001)	(5.22)	(20, 76, 815)	$-20.77$
	Cash Generated from/(Used in)Operations	32,79,867	32.79	(1, 41, 97, 207)	(141.97)
	Direct Taxes Paid / (Refund)	(34, 29, 675)	(34.30)	(53, 61, 030)	$-53.61$
	NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A]	(1, 49, 808)	(1.51)	(1, 95, 58, 237)	$-195.58$
B.	CASH FLOW FROM INVESTING ACTIVITIES:
	(Purchase) / Sale of Fixed Assets			(8, 20, 191)	$-8.20$
	(Purchase) of Investment	(15, 30, 867)	(15.31)	(3,75,89,081)	$-375.89$
	Rental Income	1,01,29,584	101.30	98, 34, 546	98.35
	Deposit with Banks with Maturity More than 3 Months			(65,00,000)	$-65.00$
	Dividend Income	82,42,973	82.43	81,21,486	81.21
	Sale of Investment			4,79,31,922	479.32
	NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B]	1,68,41,690	168.42	2,09,78,682	209.79
C.	CASH FLOW FROM FINANCING ACTIVITIES:
	Invested in Intercorporate Deposits	(2,09,00,000)	(209.00)	(1, 43, 00, 000)	$-143.00$
	Interest component on right to use of assets	(37, 997)		(54, 676)	$-0.55$
	NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C]	(2,09,37,997)	(209.00)	(1, 43, 54, 676)	(143.55)
	Net increase in Cash and Cash equivalents [A+B+C]	(42, 46, 115)	(42.09)	(1, 29, 34, 231)	$-129.34$
	Cash and Cash Equivalents At The Beginning Of The Year	59,71,354	59.71	2,85,67,445	285.67
	Cash And Cash Equivalents At The End Of The Year	17,25,239	17.62	1,56,33,214	156.33

$\overline{\phantom{a}}$

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 07th November, 2023.
• The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 has been carried $2²$ out by the Statutory Auditors.
• The consolidated financials results include financial results of :-3

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

The figures for the previous period have been recast/ regrouped wherever necessary to confirm to current period's presentations. $\overline{4}$

For Thacker and Company Limited

Place: Mumbai Date: 07th November, 2023

P R AGARWAL & AWASTHI

CHARTERED ACCOUNTANTS

REGD. OFFICE: 42, GOPAL BHAVAN, 199, PRINCESS STREET, MUMBA! - 400 002. PHONE: 220 93908 FAX 022-220 89133 E-mail info©pawancacom URL : www.pawarica.com

Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of the Company for the Quarter and Half Year Ended 30th September 2023 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 Half Year ended September 30, 2023 ("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 Holding 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 Acounting 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. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. 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. 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 might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the Result of Following Entities:

Sr. No.	Name of the Entity	Relationship
1.	Fujisan Technologies Limited	Wholly Owned Subsidiary Company
2.	AMJ Land Holding Limited	Associate Company
3.	i Pudumjee Paper Products Limited	Associate Company

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 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 SERI (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 2,740.63 lakhs, net profit after tax of Rs. 606.65 lakhs, and total comprehensive income of Rs. 1,941.31 lakhs for the Half yearly ended September 30, 2023 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 so far as it relates to thE amounts and disclosures included in respect of these associate company, is based solely or the reports of such other auditors and the procedures performed by us as stated ir paragraph 3 above.

Further, another Associate company included in the statement whose result reflect revenuE of Rs. 37,593 lakhs, net profit after tax of Rs. 2,888 lakhs, and total comprehensive income ⁰¹ Rs. 3,036 lakhs for the Half Yearly ended September 30, 2023. These interim financial resu1t5 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 disclosure5 included in respect of these associate company, is based solely on the reports of such othei auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matters.

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

For P. R. Agarwal & Awasthi Ch red Accountants Fir egistration No. 117940W

CA Pawan KR. AarwaJ (Partner) Membership No. 34147

UDThJ: 23034147BGX1EE4243

Place: Mumbai Date: 07-11-2023

P R AGARWAL & AWASTHI

CHARTERED ACCOUNTANTS

REGO. OFFICE: 42. GOPAL BHAVAN, 199, PRINCESS STREET, MUMBAI -400 002. PHONE 220 93908• FAX 022-220 89133 E-mail info@pawanca.comURL: www.pawanca.com

Independent Auditor's Limited Review Report on the Unaudited Standalone Financial Results of the Company for the Quarter and Half Yearly ended 30th September, 2023 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

• We have reviewed the accompanying statement of Unaudited Standalone financial results of Thacker and Company Limited (the "Company"), for the Quarter & Half Year Ended 30th September, 2023 ("the Statement"), attached herewith, being 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.
• 1. 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.

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

For P. R. Agarwal & Awasthi Chaçred Accountants Firr!Li egistration No. 117940W

QLO jQ

CA Pawan KR. AgarwaI (Partner) Membership No. 34147

UDIN: 230341478GX1ED4710

Place: Mumbai Date: 07-11-2023