Thacker & Co. Ltd. — Interim / Quarterly Report 2024

Feb 7, 2025

07th February, 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

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, 2024.

A copy of the said Financial Results together with the Limited Review Report, for the Quarter and nine months ended on 31st December, 2024, is attached for your information and records.

The meeting commenced at 03:30 p.m. and concluded at 04:10 p.m.

Kindly take the aforesaid on your records.

Thanking you,

Yours faithfully, For, Thacker And Company Limited Shefali Patel SHEFALI MANISH PATEL DN: c=IN, o=PERSONAL, title=9314, pseudonym=9df7217d5a0642e6925520c3179eafe4, 633f261ef5d9, postalCode=400068, st=Maharashtra, serialNumber=6e4ccaa17f85ca053c49ce7c3f12abc76a14cde852854c9

Company Secretary Encl: As above.

$\vec{Y}$

THACKER AND COMPANY LIMITED

$\angle$ Fujisan

ـــــــــــــــــــــــــــــــــــــ

Statement of Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months ended 31st Dec, 2024

						Standalone			(Rs. in lakhs, unless otherwise stated) Consolidated
Particulars		Quarter Ended			Nine Months Ended Year ended		Quarter Ended			Nine Months Ended		Year ended
			31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
		Income from operation
		Net sales / income from operations	71.67	52.17	50.65	176.00	172.14	223.23	71.67	52.17	50.82	177.90
	$\mathbf{a}$	Other Operating Income	52.40	141.41	50.22	242.27	221.94	272.41	58.55	152.79	56.13		173.09	224.19
	b	Total Income from operations (net) [1a + 1b]	124.07	193.58	100.87	418.27	394.08	495.64	130.22	204.96	106.95	265.47 443.37	246.74	303.03
		2 Expenses											419.83	527.22
	$\mathbf{a}$	Purchases of stock-in-trade	$\overline{\phantom{a}}$			$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$		$\overline{\phantom{a}}$			$\overline{a}$
	b	Changes in inventories of stock in trade	$\overline{a}$	$\sim$		$\overline{\phantom{a}}$	$\sim$	$\overline{a}$				1.90
	c	Employee benefits expense	3.61	2.74	3.08	9.14	8.35	11.59	3.61	2.74	3.08	9.14	8.35	11.59
	е	Depreciation and amortisation expense	31.72	31.72	35.11	95.17	105.32	140.44	32.74	32.74	36.12	98.21	108.36	144.49
		Finance cost	0.13	0.04	0.12	0.32	0.14	0.20	0.26	0.15	0.43	0.89	0.90	1.32
	g	Other expenses	19.33	8.51	9.73	37.22	27.75	35.57	21.58	10.56	12.02	43.55	34.28	47.40
		Expenses [sum of (a) to (g)]	54.79	43.01	48.04	141.85	141.56	187.80	58.19	46.19	51.65	153.69	151.89	204.80
	$\overline{\mathbf{3}}$	Profit/(Loss) before Tax (1-2)	69.28	150.57	52.83	276.42	252.52	307.84	72.03	158.77	55.30	289.68	267.94	322.42
	4	Income Tax expense
		Current Tax	16.40	34.10	19.06	61.03	53.21	63.48	16.39	36.44	19.12	63.80	57.06	66.86
		Deferred Tax	0.04	(0.04)	0.04	0.04	0.12	65.77	0.12	0.03	0.11	0.28	0.35	65.90
	5
		Net Profit from Ordinary Activities After Tax (3-4)	52.84	116.51	33.73	215.35	199.19	178.59	55.52	122.30	36.07	225.60	210.53	189.66
	6	Extraordinary Items
		Net Profit for the period (5+6)	52.84	116.51	33.73	215.35	199.19	178.59	55.52	122.30	36.07	225.60	210.53	189.66
		Share of profit / (loss) of associates 9 Net profit after taxes and share of profit / (loss) of							324.04	498.03	475.94	1,290.71	994.33	1,618.73
		associates (7+8)	52.84	116.51	33.73	215.35	199.19	178.59	379.56	620.33	512.01	1,516.31	1,204.86
		10 Other comprehensive income												1,808.39
		- Changes in fair value of FVOCI equity instruments	535.54	(8.32)	71.83	795.63	164.82	177.93	750.25	(11.65)	100.62	1,114.61	230.90	249.26
		-Share of changes in fair value of FVOCI equity
		instrument from associate				٠		$\overline{\phantom{a}}$	926.05	0.80	18.19	1,634.12	249.87	389.73
		- Remeasurements of post-employment benefit
		oligations	$\overline{a}$			٠		$\overline{\phantom{a}}$
		- Share of Remeasurements of post-employment
		benefit obligations from associate	٠
		Other comprehensive income for the period	535.54	(8.32)	71.83	795.63	164.82	177.93	1,676.30	(10.85)	118.81	2,748.73	480.77	638.99
	$\overline{11}$	Total comprehensive income for the period (9+10)	588.38	108.19	105.56	1,010.98	364.01	356.52	2,055.86
										609.48	630.82	4,265.04	1,685.63	2,447.38
		12 Paid up Equity Share Capital (face value Re. 1 per
		share) 13 Reserves excluding Revaluation reserves as per	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88	10.88
		audited balance sheet of previous accounting year				٠		2,382.42
														12,368.07
		14 Earnings Per Share (EPS) (not annualised):		10.71	3.10
		(Basic & Diluted)	4.86 4.86	10.71	3.10	19.79 19.79	18.31 18.31	16.42 16.42	34.89 34.89	57.02 57.02	47.06 47.06	139.38 139.38	110.75 110.75	166.23
														166.23

	Segment Reporting for the Consolidated Unaudited Financial Results for Quarter and Nine Months ended 31st Dec. 2024
												(Rs. in lakhs, unless otherwise stated)
		Standalone						Consolidated
Particulars	Quarter Ended			Nine Months Ended		Year ended		Quarter Ended		Nine Months Ended		Year ended
	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024	31.12.2024	30.09.2024	31.12.2023	31.12.2024	31.12.2023	31.03.2024
Segment Revenue	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
a. Investment & Finance	21.51	110.33	16.08	149.52	119.54	135.78	21.51	110.33	16.08	149.52
b. Business Centre	102.56	83.25	84.79	268.75	254.35	359.86	102.56	83.25	84.79	268.75	119.54 254.35	135.78
c. Trading Business												359.86
-Scanners & related Products		٠	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$			6.15	11.38	6.08	25.10	25.75
-Others					20.20		٠				20.20	31.58
d. Other Unallocables
Net Sales/Revenue from Operation	124.07	193.58	100.87	418.27	394.08	495.64	130.22	204.96	106.95	443.37	419.83	527.22
Segment Results $\overline{2}$ Profit before Interest & Tax
a. Investment & Finance	17.81	106.94
	65.87	47.90	12.07 44.86	138.98	108.25	120.74	17.81	106.94	12.07	138.98	108.25	120.74
b. Business Centre c. Trading Business				160.78	136.62	202.37	65.87	47.90	44.86	160.78	136.62	202.37
-Scanners & related Products							2.88	8.31
-Others	(0.74)	(0.65)	(0.84)	(2.03)	17.98	(2.96)	(0.74)		2.79	13.83	16.18	15.70
d.Add/Less: Other Unallocables	(13.53)	(3.58)	(3.15)	(20.99)	(10.19)	(12.11)	(13.53)	(0.65) (3.58)	(0.84)	(2.03)	17.98	(2.96)
Total Segment Result	69.41	150.61	52.95	276.74	252.66	308.04	72.29	158.92	(3.15) 55.73	(20.99)	(10.19)	(12.11)
Less : e) Interest / finance cost	0.13	0.04	0.12	0.32	0.14	0.20	0.26	0.15	0.43	290.57 0.89	268.84 0.90	323.74
Total Profit/ (Loss) Before Tax	69.28	150.57	52.83	276.42	252.52	307.84	72.03	158.77	55.30	289.68	267.94	1.32 322.42
3 Capital Employed
(Segment Assets-Segment Liabilities)
a. Investment & Finance	3,396.72	2,791.19	2,289.45	3,396.72	2,289.45	2,298.74	16,344.45	14,274.13	11,223.88	16,344.45	11,223.88	12,002.68
b. Business Centre	1,226.12	1,277.59	1,450.02	1,226.12	1,450.02	1,376.90	1,226.12	1,277.59	1,450.02	1,226.12	1,450.02	1,376.90
c. Trading Business -Scanners & related Products
-Others	٠ 7.48	7.32	7.48	7.48	7.48		291.97	289.29	281.98	291.97	281.98	281.72
d. Unallocated	(19.64)	(22.93)	(12.97)	(19.64)	(12.97)	23.29	7.48	7.32	7.48	7.48	7.48	23.29
Total Capital Employed	4,610.68	4,053.17	3,733.98	4,610.68	3,733.98	(6.58) 3,692.35	(19.64) 17,850.38	(22.93)	(12.97)	(19.64)	(12.97)	(6.58)
								15,825.40	12,950.39	17,850.38	12,950.39	13,678.01

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 7, 2025.
• 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. 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 Petition for Sanction of Scheme of Merger i.e. Merger by Abosrption of Fujisan Technologies Limited (Transferor Company) with Thacker and Company Limited (Transferee Company) and their respective shareholders has been admitted by Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench and final hearing at NCLT is scheduled on 18th February, 2025.

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

Place: Mumbai Date: 7th February, 2025

$\sim$

For Thacker and Company Limited

P R AGARWAL&AWAST}Li

CHARTERED ACCOUNTANTS

REGD. OFFICE 42, GOPAL BHAVAN, 199, PRINCESS STREET, MUMBAI - 400 002. PHONE 220 93908 FAX 022-220 89133 E-maⁱ l: info@pawaflCa.COm URL : www.pawaflca.com

Independent Auditor's Review Report on the Unaudited Standalone Financial Results of the Company for the Quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 Pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Thacker and Company Limited

• 1. We have reviewed the accompanying statement of Unaudited Standalone financial results of Thacker and Company Limited (the "Company"), for the quarter ended December 31, 2024 and the year to date results for the period from istApril 2024 to 31st December 2024, 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 P. R. Agarwal & Awasthi Chartered Accountants Fir)Registration No. 117940W

fr CA Pawan KR Agarwal

Partner Membership No. 034147

UDIN: 25034147BM1HYA4461

Place: Mumbai Date: 07-02-2025

P R AGARWAL&AWASTH!

CHARTERED ACCOUNTANTS

REGD. OFFICE 42, GOPALBHA'JAN, 199, PRINCESS STREET, MUMBA! -400 002. PHONE 220 93908 FAX 022-220 89133• E-maⁱ l:info@pawanca.com URL: www.pawanca.com

Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of the Company for the Quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 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 Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associates for the quarter and year to date results for the period from 1st April 2024 to 31st December 2024 ("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 Accounting Standard 34 "Interim Financial Reporting" ("End 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	Relationshi.
1.	Fujisan Technologies Limited	Wholl 'Owned Subsidiary Come an
2.	AMJ Land Holding Limited	Associate Corn 'an'
3.	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 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. 5i773.83 lakhs, net profit after tax of Rs 1,044 76 lakhs, and total comprehensive income of - Rs. 10,994.33 lakhs for the Nine Month ended December 31st , 2024 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 on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.

Further, another Associate company included in the statement whose result reflect revenue of Rs. 63;484 lakhs, net profit after tax of Rs. 7,691 lakhs, and total comprehensive income of Rs. 8159 lakhs for the Nine Month ended December 31st , 2024. 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 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 Chartered Accountants Fin/Registration No.1 17940W

CA Pawan KR Agarwal Partner Membership No. 34147

UDJN: 25034 I47BMIHYB 1254

Place: Mumbai Date: 07-02-2025

QUARTERLY INTEGRATED FILING (FINANCIAL)

1. Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement etc. – Not Applicable.

2. Format for disclosing outstanding default on loans and debt securities – Not Applicable, No Default.

3. Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) – Not Applicable.

4. Statement on Impact of Audit Qualifications (For Audit Report with Modified Opinion) submitted along with Annual Audited Financial Results (Standalone and Consolidated separately (applicable only for Annual Filing i.e., 4th quarter) – Not Applicable.