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Thacker & Co. Ltd. Interim / Quarterly Report 2025
62883_rns_2025-05-27_12ad18b8-e1f0-4952-b4bb-096abbe658d8.pdf
Interim / Quarterly Report
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27th May, 2025
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
Pursuant to Regulation 30, read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed the following statements for the Quarter and Financial Year ended 31st March, 2025, which were approved and taken on record by the Board of Directors at their meeting held on 27th May, 2025.
- (a) Statement of Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March, 2025 along with the Auditors Report along with the Auditor's Report and declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- (b) Statement of Assets and Liabilities for the period ended 31st March, 2025
- (c) No dividend was recommended by the Board of Directors for the year 2024- 2025. The Date of ensuing 147th Annual General Meeting of the Company and Book Closure Dates will be informed separately.
- (d) The Board have approved and recommended to the members of the Company for their consideration and approval the appointment of M/s. Parikh & Associates, Practicing Company Secretaries, (Firm Registration No. P1988MH009800); Peer Review Certificate number: 6556/2025), as a Secretarial Auditor of the Company at the ensuing 147th Annual General Meeting for a term of 5 consecutive Years, to conduct Secretarial Audit of five consecutive financial years respectively ending on 31st March, 2026, 31st March, 2027, 31st March, 2028, 31st March, 2029 and 31st March, 2030 (the Term).
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: [email protected] CIN No. : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7
The details/disclosures, as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 ("SEBI Circular"), are provided in Annexure A.
The meeting commenced at 04:45 P.M. and concluded at 05:45 P.M.
Thanking you, Yours faithfully, For, Thacker And Company Limited SHEFALI MANISH PATEL Digitally signed by SHEFALI MANISH PATEL DN: c=IN, o=PERSONAL, title=9314, pseudonym=9df7217d5a0642e6925520c31 79eafe4, 2.5.4.20=ef22dd8f94d3a12299c5bad11d97 d973c478aa8fe5c7740ff3e6633f261ef5d9, postalCode=400068, st=Maharashtra, serialNumber=6e4ccaa17f85ca053c49ce7c3 f12abc76a14cde852854c9549609abd66b8c f56, cn=SHEFALI MANISH PATEL Date: 2025.05.27 17:48:32 +05'30'
Shefali Patel Company Secretary Encl: As above.
THACKER AND COMPANY LIMITED CIN: L21098MH1878PLC000033 Office Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mambai 400 001 Tel. No. : 91-22-43553333 E-Mail: [email protected] Website: www.thacker.co.in
Statement of Standalone and Consolidated Audited Financial Results for the Quarterand Year ended 31st March, 2025
| Sta nda lon e |
sol idat Con ed |
(Rs. in la khs, unl ess |
othe e sta led) rwis |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| d Qu r E nde arte |
Yea | d de |
d | ||||||||
| Part icula rs |
31. 03. 31. 12.2 31. 03. |
ren 31. 03. 202 |
Qu r En de arte |
Yea ded ren I |
|||||||
| 202 5 (Au dite d) |
024 (Un aud ited |
202 4 (Au dite |
03.2 31. 025 (Au d) |
4 (Au d) |
31. 03. 202 5 (Au d) |
31. 12.2 02 (Un d) |
4 1 31.0 3.2 024 d) |
31.0 3.2 025 (Au dite d) |
31. 03.2 024 d) |
||
| ) | d) | dite | dite | dite | aud ite |
I( Aud ite |
(Au dite |
||||
| 1 | Inco fro atio me m o per n |
||||||||||
| a | Net sal I inc e fro atio es om mo per ns |
130 .63 |
to | 3D6 .64 |
223 .23 |
.- | o 0) |
S | 224 19 |
||
| b | Ope Oth rati ng I er nco me |
834 3 |
P.O | ON | 325 .70 |
272 .41 |
0 | N | (ON- '(30 (N oU) |
303 .03 |
|
| Ib) Tot al Inco fro atio ns ( ) (Ia net me m o per + |
214 .06 |
124 .07 |
101 .56 |
632 .34 |
495 .64 |
(010(0 0040 |
130 .22 |
N | NP) CO N N |
P. N |
|
| Exp ens es |
i | ||||||||||
| f st Pur cha ock -in- trad ses o e |
• | ||||||||||
| in in f sto k in Cha tori de tra nge s ven es o c |
0) | 0) | |||||||||
| Em loye nef e be itse p xpe nse |
.N0)0(O 0 U) N- 0 N 0 03 |
0(0 CC |
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||||||||
| tion Dep iatio d a rtisa rec n an mo exp ens e |
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0) 0) |
N(N00 | N | N | 0((D | |||||
| Fina t nce cos Oth er e |
(00 | 06U) | vN | ||||||||
| xpe nse s ) to ) ) (9 |
(0 58. 77 |
(ON-COPN NNNO)(0 |
U) 0) 200 .63 |
187 .80 |
OP.N | N | U) (0 200 .63 |
NO | |||
| Exp (su f (a ens es m o fit/( ) be -2) Pro Los fore Ta x(1 s |
155 .29 |
NN | 431 .71 |
307 .84 |
46. 94 142 .04 |
0) | 431 | 204 80 |
|||
| NCCUCU) N' | Tax ens e |
17.3 2 |
NU)0N-CCU)U) (OCNNNCO |
78. 39 |
129 .25 |
14,3 2 |
NN0(0N(O | N(OONN'UU) | 71 783 9 |
322 42 132 ,76 |
|
| exp Net Pr ofi t fro m O rdin |
0) | N | |||||||||
| Act ivit ies Aft er T (3- ary ax 4) |
137 .97 |
60) 20. |
353 .32 |
178 .59 |
127 .72 |
||||||
| Extr din Item aor |
N (0 |
( | (0 | 20. 87) ( |
N N (0 N N |
0) (0 |
|||||
| ary s the d (5 6) Net Pro fit f rio or + |
137 .97 |
353 .32 |
178 .59 |
127 .72 |
20.8 7) |
353 .32 |
|||||
| (OWP-(O | pe f pr fit/ (los Sha s) o f as iate re o o soc s |
0 40 |
448 | U) | ( 624 .40 |
739 54 |
0)0) (0 N |
||||
| Net fit a fter tax nd sha f pr ofit / (lo ss) pro esa re o |
.84 | 1 | |||||||||
| O) | 8) (7+ of a cia tes sso |
CC p |
N (0 |
0 CO 0 |
N U) Cl) CO N |
.56 576 |
379 .56 |
603 .53 |
092 .86 2, |
(0 0) |
|
| Oth hen sive inc er c om pre om e |
|||||||||||
| Cha in fa f FV OC I eq ir va lue uity nge s o - |
|||||||||||
| inst ents rum |
0 | 44) U) 4) |
N | N V 0 (N |
U) | 0 | 0 | 0 0) N |
(0 V 0) |
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| Sha f ch f FV OC I eq es i nfa ir va lue uity re o ang o - |
|||||||||||
| inst ent from iate rum as soc |
R' N |
(0 | C) (0 |
U) (0 0) |
0) C( N |
||||||
| f po fit - Re nts st-e loym ent ben mea sure me o mp e |
|||||||||||
| olig atio ns |
|||||||||||
| Sha f po f Re nts loym re o st-e ent mea sur eme o |
|||||||||||
| mp - fit o blig ben atio ns f ocia te e rom ass |
|||||||||||
| hen Oth siv e In e fo er c om pre com r the riod pe |
446 .81 ) ( |
535 .54 |
N — — |
348 .82 |
CO N |
676 30 1, |
158 .21 |
805 .66 |
638 .99 |
||
| Tot al c hen sive inc efo rth erio d om pre om |
|||||||||||
| e p 9+1 0) ( |
308 .84 ) ( |
588 .38 |
' | 702 .14 |
055 | 761 .74 |
898 .52 |
447 38 |
|||
| P. | N | (0 0) |
2, .86 |
2, | 2, | ||||||
| id u Equ l (fa 1 p Pa ity S har eC ita alue Re p ap cev er |
|||||||||||
| ) sha re |
(0 (0 |
d (0 (0 |
(0 (0 |
0 (0 (0 |
(0 0 |
cq | 0 (0 (0 |
— 0 |
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| 0 | 0 | (0 | |||||||||
| Res xclu din g R luat ion erv es e eva res erv es a spe r |
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| aud ited ba lanc e sh of p eet ious ting rev acc oun yea r |
• | N N N P. |
N N |
• | (0 N (0 (0 40 |
N 0 (0 |
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| EPS ) (n Ea rnin Per Sh ( alis ed) ot a gs are nnu : |
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| & D ilute (Ba d) sic |
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| (0(0 co 00 |
00 (0(0 |
00 | NC') CNN 00 |
(N(N 0)0) |
(N (N (')N (0 (0 0) 0) |
(0(0 (0 |
|||||
| (Rs. in Ia khs, unle |
ther .sise ed) stat ss o |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sta nda lon e |
Co lida ted nso |
|||||||||
| Qua En ded rter |
Yea ded ren |
Qu r En ded arte |
F Yea ded ren |
|||||||
| t | 31. 03. 202 5 |
31. 12. 202 4 |
31 . 03. 202 4 |
31.0 3.2 025 |
3 1. 03. 202 4 |
31. 03.2 025 |
31. 12. 2 024 |
31.0 3.2 024 |
31. 03.2 025 |
31.0 3.20 24 |
| (Au dite d) |
(Un aud ited ) |
(Au dite d) |
(Au dite d) |
(Au dite d) |
(Au dite d) |
( Una udi ted ) |
(Au dite d) - |
(Au dite d) |
(Au dite d) |
|
| Seg nt R me eve nue |
||||||||||
| Inve stm ent & F ina nce |
U).— | NO | N | CN O N co v 0 |
N C) C) CC NU) U) |
NC) 0)0) CD N |
(N CrC |
CC) N |
O - |
U) 0) C') C) C- CD CD |
| s C Bus ines ent re |
(N | N N U) |
N CD I |
co | 0 N CC) CO |
U) U) Cl) N |
N O |
N | ||
| c T rad ing Bus ines s -Sc |
||||||||||
| & r ela ted Pro duc ts ann ers |
C | CD U) |
CC) N U) |
N U) b. a. |
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| -Ot her s |
C | d. c. |
b. | b. c. a. |
, | |||||
| d. O the r Un allo cab les |
U)N | 'ON 0 U) |
• | |||||||
| Net Sa les/ Rev e fr Op tion enu om era |
• '9 | N 0 |
0 CO CD |
CD N N |
U) U) CD |
U) U) co |
N N N 0 |
N N |
ON CD N |
,N U) N N |
| 2 Seg nt R lts me esu |
||||||||||
| Pro fit b efo reI t& Tax nte res |
||||||||||
| Inve stm ent & F inan ce |
N | N | 0 - |
N | C O |
0 | ||||
| Bus ines s C ent re |
.—CD U)U) U) |
C) 0) |
U) N U)N NN N N |
0 NN N 0 N |
U) | N U) U) U) CD N |
N U) 0 CC |
'N U) N U)N |
NN N C) v N C) N |
|
| Tra ding Bu sine |
||||||||||
| ss -Sc & re late d P rod ucts ann ers |
' | • | U) | 0) | 0 U) |
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| -Ot her s |
C) | U) | C) 0 N U) |
|||||||
| d A dd/ Les sO the r Un allo cab les |
U) CD | C) CC) | N N | N | CD | U) 0) N |
||||
| Tot al Seg nt R lt me esu |
N DC CD |
-",1 CD U) |
N N OR |
N 0 |
C) N | N 0) N |
N | N N N N N |
||
| st/ Les ) In tere fina st s e nce co |
CD | 0 CD |
U)t-D | U) 0 | C N |
N 0 N N 0 U) N C) N N CD |
V N N DC V 0 C) 0 |
N | ||
| rofi t/ (L Tot al P ) Be fore Ta oss x |
NCC0 | CD U) N |
ONU)OU) U) N N |
'U)J. N N |
0).—DNU) N 0 N |
0C)N(N0 N |
N N 0 N |
U) | N | N N N N |
| Cap ita l Em plo yed 3 |
'9 | |||||||||
| Lia bili ties ) (Se ent Ass ets -Se ent gm gm |
||||||||||
| aIn nt& Fin tme ves anc e |
N | N N |
0) N |
v | C) | CD U) |
N N CO |
U) | ||
| Bus ines s C ent re |
Cl) .— 0)N CO CO N |
NN C) N OD ID N 0) 0 |
.-Q N. CON N CD |
N N C) N U) CD N0C 0 |
NCD U) 0 NN Clt |
NC) N N CD |
U) 0 CD C) |
N co CDO |
0 N 0 N COOC U) C) N CD |
|
| Tra ding Bu sine ss |
- | |||||||||
| -Sc & r elat ed Pro duc ts ann ers |
• | ' | , | 0) N |
N | " N — |
||||
| -Ot her s |
U) | N C) C) F |
N | N | C) N |
N co 0) v |
N N 0) |
N C'4 |
U) N | |
| Una lloc ated |
U) | N C) CO |
NCDN U) |
NU) 0 N 'CCU)N |
N CD C)IU)N C) U) |
ONU) | N 0) (C) |
CO CD U) U) |
MOW C)1C) MEG |
|
| Tot al Cap ital Em plo yed |
4,9 09. 5 |
4,6 10.6 8 |
CD N U) N U) |
0 CD a t |
N CD U) CO N |
'U) N U) |
17,8 50. 38 |
1 13,6 780 1 |
16,4 52. 99 |
N CD N |
| (Rs. in lakhs, unless otherwise stated) | |||||
|---|---|---|---|---|---|
| PARTICULARS | STANDALONE | CONSOLIDATED | |||
| 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | ||
| (Audited) | (Audited) | (Audited) | (Audited) | ||
| ASSETS | |||||
| Non-current assets | |||||
| a. Property, plant and equipment | 1,455.96 | 1,580.54 | 1,455.96 | 1,582.85 | |
| b. Right-of-use assets | 4.05 | ||||
| c. Intangible Assets | |||||
| e. Financial assets | |||||
| i. Investments | 2,165.67 | 1,459.99 | 13,709.14 | 11, 163.93 | |
| f. Deferred tax assets (net) | |||||
| e. Income tax assets (net) | 1.75 | ||||
| Total non-current assets | 3,621.63 | 3,040.53 | 15,165.10 | 12,752.58 | |
| Current assets | |||||
| a. Inventories | 7.48 | 7.48 | 7.48 | 9.38 | |
| b. Financial assets | |||||
| i. Investments | 95.08 | 13.00 | 95.08 | 13.00 | |
| ii. Trade receivables | |||||
| iii. Cash and cash equivalents | 16.52 | 0.56 | 16.52 | 16.66 | |
| iv. Bank balances other than (iii) above | 65.00 | 56.00 | 65.00 | 65.00 | |
| v. Loans | 1,200.00 | 720.00 49.32 |
1,200.00 | 960.00 | |
| iv. Other financial assets | 90.45 6.75 |
3.45 | 90.45 6.75 |
68.13 5.91 |
|
| c. Other current assets | |||||
| Total current assets | 1,481.28 | 849.81 | 1,481.28 | 1,138.08 | |
| TOTAL ASSETS | 5,102.91 | 3,890.34 | 16,646.38 | 13,890.66 | |
| EQUITY AND LIABILITIES | |||||
| a. Equity | 10.88 | 10.88 | 10.88 | 10.88 | |
| Equity share capital | |||||
| b. Other equity Reserves and surplus |
3,704.14 | 3,057.71 | 14, 174.36 | 12,205.04 | |
| Other Reserves | 1,194.50 | 623.76 | 2,267.75 | 1,462.08 | |
| Total equity | 4,909.52 | 3,692.35 | 16,452.99 | 13,678.00 | |
| LIABILITIES | |||||
| Non-current liabilities | |||||
| a. Financial Liabilities | |||||
| - Lease Liabilities | |||||
| b. Employee benefit obligations | |||||
| c. Deferred tax liabilities | 53.62 | 60.51 | 53.62 | 58.80 | |
| d. Other non current liabilities | |||||
| Total non-current liabilities | 53.62 | 60.51 | 53.62 | 58.80 | |
| Current liabilities | |||||
| a. Financial liabilities | |||||
| i. Borrowing | 25.97 | 21.95 | 25.97 | 32.79 | |
| ii. Trade payables | |||||
| - Dues to micro and small enterprises | |||||
| - Dues other than micro and | 1.79 | 4.47 | 1.79 | 5.68 | |
| small enterprises | |||||
| - Dues to related parties | ٠ | ||||
| ii. Lease Liabilities | 4.41 | ||||
| iii. Other financial liabilities | 0.12 | 0.05 | 0.12 | 0.11 | |
| b. Provisions | |||||
| c. Income Tax liabilities (net) | 0.53 | 0.63 | 0.53 | ||
| d. Employee benefit obligations | 0.81 | 0.60 | 0.81 | 0.60 | |
| e. Other current liabilities | 110.55 | 109.78 | 110.55 | 110.27 | |
| Total current liabilities | 139.77 | 137.48 | 139.77 | 153.86 | |
| Total liabilities | 193.39 | 197.99 | 193.39 | 212.66 | |
| TOTAL EQUITY & LIABILITIES | 5,102.91 | 3,890.34 | 16,646.38 | 13,890.66 |
| (Rs. in lakhs, unless otherwise stated) | ||||
|---|---|---|---|---|
| Particulars | As at | As at | ||
| 31.03.2025 | 31.03.2024 | |||
| A. | CASH FLOW FROM OPERATING ACTIVITIES: | |||
| Profit / (Loss) before Extraordinary Items & Tax | 431.71 | 307.85 | ||
| Add / (Less) Adjustments for: | ||||
| Depreciation and amortisation expense | 130.94 | 140.44 | ||
| Fair value Changes | (0.80) | |||
| Rental income & Licence Fees | (209.12) | (203.03) | ||
| Interest component on right to use of assets | 0.40 | |||
| Amortisation of Revaluation reserve | (123.53) | (136.52) | ||
| Dividend income | (96.33) | (77.93) | ||
| Operating profit before working capital changes | 133.27 | 30.80 | ||
| Add/(Less) Adjustments for: | ||||
| (Increase) / decrease in Trade & Current Asset | (263.16) | (267.10) | ||
| (Increase) / decrease in Inventories | 1.89 | |||
| Increase / (decrease) in Current Liabilities | (7.26) | 14.53 | ||
| Cash Generated from/(Used in)Operations | (135.26) | (221.77) | ||
| Direct Taxes Paid / (Refund) | (81.82) | (62.70) | ||
| NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A] | (217.08) | (284.47) | ||
| B. | CASH FLOW FROM INVESTING ACTIVITIES: | |||
| (Purchase) of Investment | $(127.00)$ . | 76.00 | ||
| Sale of Investment | 45.71 | 63.00 | ||
| Deposit with Banks with Maturity More than 3 Months | ||||
| Rental Income | 209.12 | 203.03 | ||
| Dividend Income | 96.33 | 77.93 | ||
| NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B] | 224.16 | 267.96 | ||
| CASH FLOW FROM FINANCING ACTIVITIES: | ||||
| Proceeds from Intercorporate deposit | (6.82) | 16.30 | ||
| Interest component on right to use of assets | (0.40) | |||
| NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C] | (7.22) | 16.30 | ||
| Net increase in Cash and Cash equivalents [A+B+C] | (0.14) | (0.21) | ||
| Cash and Cash Equivalents At The Beginning Of The Year | 0.56 | 0.77 | ||
| Cash and Cash Equivalents on account of Merger | 16.10 | ۰ | ||
| Cash And Cash Equivalents At The End Of The Year | 16.52 | 0.56 |
| (Rs. in lakhs, unless otherwise stated) | ||||
|---|---|---|---|---|
| Particulars | As at | As at | ||
| 31.03.2025 | 31.03.2024 | |||
| А. | CASH FLOW FROM OPERATING ACTIVITIES: | |||
| Profit / (Loss) before Extraordinary Items & Tax | 431.71 | 322.42 | ||
| Add / (Less) Adjustments for: | ||||
| Depreciation and amortisation expense | 130.94 | 144.49 | ||
| Fair value Changes | (0.80) | |||
| Rental income & Licence Fees | (209.12) | (203.03) | ||
| 0.40 | 0.76 | |||
| Interest component on right to use of assets | (123.53) | |||
| Amortisation of Revaluation reserve | (136.52) | |||
| Dividend income | (96.33) | (82.43) | ||
| Operating profit before working capital changes | 133.27 | 45.68 | ||
| Add/(Less) Adjustments for: | ||||
| (Increase) / decrease in Trade & Current Asset | (263.16) | (328.56) | ||
| (Increase) / decrease in Inventories | 1.89 | |||
| Increase / (decrease) in Current Liabilities | (7.26) | 8.78 | ||
| Cash Generated from/(Used in)Operations | (135.26) | (274.09) | ||
| Direct Taxes Paid / (Refund) | (81.82) | (67.81) | ||
| NET CASH GENERATED FROM/(USED IN) OPERATING ACTIVITIES [A] | (217.08) | (341.91) | ||
| В. | CASH FLOW FROM INVESTING ACTIVITIES: | |||
| (Purchase) / Sale of Fixed Assets | (127.00) | (76.00) | ||
| (Purchase) of Investment | ||||
| Sale of Investment | 45.71 | 63.00 | ||
| Deposit with Banks with Maturity More than 3 Months | ||||
| Rental Income | 209.12 | 203.03 | ||
| Dividend Income | 96.33 | 82.43 | ||
| NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES: [B] | 224.16 | 272.45 | ||
| c. | CASH FLOW FROM FINANCING ACTIVITIES: | |||
| Proceeds from Intercorporate deposit | (6.82) | |||
| (0.40) | 27.14 (0.76) |
|||
| Interest component on right to use of assets | ||||
| NET CASH GENERATED FROM /(USED IN) FINANCING ACTIVITIES: [C] | (7.22) | 26.38 | ||
| Net increase in Cash and Cash equivalents [A+B+C] | (0.14) | (43.08) | ||
| Cash and Cash Equivalents At The Beginning Of The Year | 16.66 | 59.71 | ||
| Cash And Cash Equivalents At The End Of The Year | 16.52 | 16.64 |
| Notes: | |||||||
|---|---|---|---|---|---|---|---|
| $\mathbf{1}$ . | The above financial results were reviewed and recommended by the Audit Committee and taken on record by the Board of Directors held 27th May 2025. |
||||||
| 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 | 22nd May, 2025. | Pursuant to the Scheme of Merger by Absorption approved by the Hon'ble National Company Law Tribunal (NCLT) under Sections 230-232 of the Companies Act, 2013 erstwhile Fujisan Technologies Limited, wholly owned subsidiary of the Company, was merged with the Company with effect from the Appointed Date i.e. 01st April, 2022. The Scheme became effective upon filing of the certified order of the NCLT with the Registrar of Companies on |
|||||
| $\overline{4}$ | The consolidated financials results include results of :- | ||||||
| Name | Relationship | ||||||
| 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. For Thacker and Company Emitted |
|||||||
| Place: Mumbai | |||||||
| Date: 27th May 2025 | Arun Kumar Jatia (Chairman) |
P R AGARWAL&AWASTHI
CHARTERED ACCOUNTANTS
REGD. OFFICE: 42. GOPAL BHAVAN, 199, PRINCESS STREET, MUMBAI -400 002. PHONE: 220 93908. FAX: 022-220 89133 E-mail: [email protected] URL www.pawanca.com
Independent Auditor's Report
To
The Board of Directors of Thacker and Company Limited
Report on the audit of the Standalone Financial Results
Opinion
-
- We have audited the accompanying statement of standalone financial results of Thacker and Company Limited ("the Company") for the quarter ended 31 March 2025 and the year to date results for the period from 1 April 2024 to 31 March 2025 ("the Statement"), being submitted by the C1-mpany pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
-
- In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement
- 2.1. are presented in accordance with the requirements of the Listing Regulations in this regard; and
- 2.2. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards ("Ind AS") and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended 31 March 2025 and the year to date results for the period from 1 April 2024 to 31 March 2025.
Basis for Opinion
- We conducted our audit in accordance with. the Standards on Auditing ("SA") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SM are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results 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 together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our opinion.
Management's responsibilities for the Standalone Financial Results
-
- The Statement has been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of 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 the 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 Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
-
- In preparing the Statement, the Board of Directors are 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 the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
-
- The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
-
- Our objectives are to obtain reasonable assurance about whether the Statement is 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 the Statement.
-
- As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- 8.1 Identify and assess the risks of material misstatement of the Statement, 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 control.
- 8.2 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of standalone financial statements on whether the Company has adequate internal financial controls with reference to standalone financial statements in place and the o .erating effectiveness of such controls.
- 83 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- 8.4 Conclude on the appropriateness of the Board of Directors' 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 Statement or, if such disclosures are inadequate, to modify 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.
- 8.5 Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents 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 our 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 matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
-
- As described in Note No.3 to the Statement, the Standalone Financial Results regarding the Merger by Absorption of Fujisan Technologies Limited, Wholly Owned Subsidiary ("Transferor Company" or "FFL") with the Company with an appointed date of April 01, 2022, which has become effective on May 22, 2025 and accordingly, the Standalone Financial Results for the quarter I year ended March 31, 2025 have been incorporated by the Company after recognizing the impact of the Merger from the appointed date as stated in the aforesaid note. Further, audit/ review of the Standalone Financial Results of FTL for the quarter/ year ended 31 March 2025 have been audited / reviewed by us, and our opinion on the financial results, to the extent they been have derived from such financial statements / result is based on our reports.
-
- The Standalone Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For and on behalf of For P. R. Agarwal & Awasthi Chartered Accountants Fir Registration No.117940W
'V4K3) 9
CA Pawan KR Agarwal (Partner) Membership No. 34147 UDIN: 250341478M1HYR9945 Place: Mumbai Date: 27-05-2025
P R AGARWAL&AWASTH1
CHARTERED ACCOUNTANTS
REGD. OFFICE 42. GOPAL BHAVAN, 199, PRINCESS STREET, MUMBAI -400 002. PHONE 220 93908 • FAX: 022-220 89133 E-mail [email protected] URL www.pawanca.com
Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To,
The Board of Directors of Thacker and Company Limited
Report on the audit of the Consolidated Annual Financial Results
Opinion
- We have audited the accompanying Consolidated Annual Financial Results of Thacker and Company Limited ("the Crnpany") and its share of the net profit after tax and total comprehensive income of its associates (the Company and its associates together referred to as the "Group") for the quarter ended 31st March, 2025 and the year to date results for the period from 01 April 2024 to 31 March, 2025, 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 (Listing Regulations).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
(i) includes the results of the associates as given below:-
| Sr. No. Name of the Entity | Relationship | |
|---|---|---|
| I | AMJ Land Holding Limited | Associate Company |
| 2 | Pudumjee Paper Products Limited | Associate Company, |
(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
(iii) give a true and fair view in confolmity 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 31st March, 2025 and the year-to date results for the period from 01st April 2024 to 31st March, 2025.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing ("SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those SAs are further described in the Auditors Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Holding company, and its Subsidiary entity in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us along with the consideration of audit reports of the other auditors referred to in sub paragraph (a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opmlon on the consolidated annual financial results.
Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results
-
- These consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements.
-
- The Group Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles 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 of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policie!.,' making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
-
- The respective Boards of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group 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 the 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 respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation a . Consolidated Financial Results by the Directors of the Group, as aforesaid.
-
- In preparing the consolidated annual financial results, the Management and the Board of Directors are responsible for assessing the Group ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
-
- The respective Board of Directors of the companies included in the Holding company and its Subsidiary entity are responsible for overseeing the Company's financial reporting process of the Holding company and of its Subsidiary entity.
Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results
-
- Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results 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 this Consolidated Financial Results.
-
- As part of an audit 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 consolidated annual financial results, 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 control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors
- Conclude on the appropriateness of the Management and Board of Directors 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 ability of the Holding company and of its Subsidiary entity 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 annual financial results or, if such disclosures are inadequate, to modify 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 Holding company and of its Subsidiary entity to cease to continue as a going concern.
- Evaluate the overall presentations structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial results of the Holding company and of its Subsidiary entity to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and perfoimance of the audit of financial information of the Holding company and of its Subsidiary entity.
-
- We communicate with those charged with governance of the Group and such other entities included in the Consolidated Financial Results of which we are the independent auditors 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 our 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 matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
-
- We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
-
- The Statement includes the audited financial results of two Associate Companies which are audited by another auditors, Statement details of which are as under:
- a) One Associate company included in the statement whose result reflect consolidated revenue of Rs. 2,729.64 Lakhs and Rs. 8,503.47 Lakhs, consolidated net profit after tax of Rs. 1,098.10 Lakhs and Rs. 2,142.86 Lakhs, and consolidated total comprehensive income or (loss) of (Rs. 5,995.60) Lakhs and Rs. 4,998.73 Lakhs for the quarter and Year ended March 31, 2025 respectively as considered in the Statement. These 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.
- h) Further, another Associate company included in the statement whose result reflect revenue of Rs. 19516 Lakhs and Rs. 83,000 Lakhs, net profit after tax of Rs. 1,885 Lakhs and Rs. 9,576 Lakhs, and total comprehensive income of Rs. 1,468 and Rs. 9,627 Lakhs for the quarter and Year ended March 31, 2025 respectively, These financial results have been reviewed by the other auditors whose reports have been furnished to us by the Management, and our nclusion 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.
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.
- The Consolidated Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which . were subject to limited review by us.
For and on behalf of For P. R. Agarwal & Awasthi Chartered Accountants FirçtRegistration No.117940W
CA Pawan KR. Agarwal (Partner) Membership No. 34147
UDIN: 25034147BM1HY52210
Place: Mum bai Date: 27-05-2025
27th May, 2025
The Manager, Corporate Relationship Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.
Ref: Scrip Code- 509945
Sub: Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015 as amended vide the SEBI (LODR) (Amendment) Regulations, 2016.
DECLARATION
In compliance of Regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors, M/s. P. R. Agarwal & Awasthi, Chartered Accountants (FRN: 117940W) have issued Audit Report(s) with unmodified opinion on Standalone and Consolidated Audited Financial Results for the quarter and year ended on 31st March, 2025.
Please take the same on record.
Thanking you,
RAJU
Yours faithfully, For, Thacker And Company Limited
RASIKLAL ADHIA Digitally signed by RAJU RASIKLAL ADHIA DN: c=IN, o=PERSONAL, title=8476, e79194f58,
Raju R Adhia Manager and Chief Financial Officer
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: [email protected] CIN No. : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7
Annexure A
| Name of the Secretarial Auditor | M/s. Parikh & Associates, Practicing Company Secretaries. |
|---|---|
| Reason for change viz. appointment, | Appointment of M/s. Parikh & |
| re-appointment, resignation, removal, | Associates, Practicing Company |
| death or otherwise | Secretaries, as the Secretarial Auditors |
| of the Company, subject to approval of | |
| members of the Company at the ensuing | |
| Annual General Meeting | |
| Date of appointment/reappointment/ | The appointment shall be made by the |
| cessation (as applicable) & term of | members of the Company at the ensuing |
| appointment/reappointment. | 147th Annual General Meeting of the |
| members of the Company, for a term of | |
| 5 consecutive Years, to conduct the | |
| Secretarial Audit of five consecutive | |
| financial years respectively ending on | |
| 31st March, 2026, 31st March, 2027, | |
| 31st March, 2028, 31st March, 2029 and | |
| 31st March, 2030 (the Term). | |
| Brief profile | M/s. Parikh & Associates is a well-known |
| firm of Practicing Company Secretaries | |
| founded in 1987 and based in Mumbai. | |
| Renowned for its commitment to quality | |
| and precision, the firm has been Peer | |
| Reviewed and Quality Reviewed by the | |
| Institute of Company Secretaries of India | |
| (ICSI), ensuring the highest standards in | |
| professional practices. Parikh & |
|
| Associates has a team of 35 members | |
| including 10 partners and focused on | |
| providing comprehensive professional | |
| services in corporate law, SEBI |
|
| regulations, FEMA compliance, and |
|
| allied fields, delivering strategic |
|
| solutions to ensure regulatory |
|
| adherence and operational efficiency. | |
| The firm provides its services to various | |
| prominent companies and their |
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: [email protected] CIN No. : L21098MH1878PLC000033 GST No. : 27AAACT3200A1Z7
| expertise has earned the trust of |
|
|---|---|
| Industry leaders across sectors like | |
| banking, manufacturing, |
|
| pharmaceuticals, and public utilities. | |
| Disclosure of Relationships between | Not Applicable. |
| Directors |