Thacker & Co. Ltd. — Interim / Quarterly Report 2025

Feb 12, 2026

12th February, 2026

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 Unaudited Financial Results of the Company for the Quarter and Nine Months ended on 31st December, 2025. A copy of the said Financial Results together with the Limited Review Report, for the Quarter and Nine months ended on 31st December, 2025, are attached for your information and records.

The meeting commenced at 04.00 p.m. and concluded at 04:45 p.m.

Thanking you,

Yours faithfully, For Thacker and Company Limited

Siddhi Dilip Kul Digitally signed by Siddhi Dilip Kul Date: 2026.02.12 16:49:33 +05'30'

Siddhi Kul Company Secretary & Compliance Officer ICSI Membership No.: A76672 Encl.: As above.

THACKER AND COMPANY LIMITED CIN: L21098MH1878PLC000033 Regd. Office : Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K. Dubash Marg, Mumbai 400 001 Tel. No.: 91-22-43553333 E-Mail: thacker@thacker.co.in Website: www.thacker.co.in

Statement of Standalone and Consolidated Unaudited Financial Results for the Quarter and Nine Months ended 31st Dec, 2025

													(Rs. in lakhs, unless otherwise stated)
		Consolidated Standalone
	Particulars		Quarter Ended		Nine Months Ended		Year ended		Quarter Ended			Nine Months Ended	Year ended
		31.12.2025	30.09.2025	31.12.2024	31.12.2025	31.12.2024	31.03.2025	31.12.2025	30.09.2025	31.12.2024	31.12.2025	31.12.2024	31.03.2025
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
и	Income from operation
a	Net sales / income from operations	61.84	53.73	71.67	169.30	176.00 242.27	306.64	61.84 63.63	53.73 157.72	71.67 58.55	169.30 287.30	177.90 265.47	306.64 325.71
b	Other Operating Income	63.63	157.72	52.40 124.07	287.31 456.61	418.27	325.70 632.34	125.47	211.45	130.22	456.60	443.37	632.35
	Total Income from operations (net) [1a + 1b]	125.47	211.45
$\overline{2}$	Expenses
a	Purchases of stock-in-trade	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$ ÷	$\sim$ 1.89	$\overline{\phantom{a}}$	$\sim$	$\overline{\phantom{a}}$	$\overline{a}$	$\overline{a}$ 1.90	$\overline{a}$ 1.89
b	Changes in inventories of stock in trade	$\overline{\phantom{a}}$ 2.21	2.13	3.61	$\overline{\phantom{a}}$ 6.33	9.14	12.65	2.21	2.13	3.61	6.33	9.14	12.65
c	Employee benefits expense		29.49	31.72	88.48	95.17	130.95	29.49	29.49	32.74	88.48	98.21	130.95
e f	Depreciation and amortisation expense	29.49 0.30	0.29	0.13	0.98	0.32	1.16	0.30	0.29	0.26	0.98	0.89	1.16
	Finance cost Other expenses	15.27	14.51	19.33	44.61	37.22	53.98	15.26	14.51	21.58	44.62	43.55	53.98
a	Expenses [sum of (a) to (g)]	47.27	46.42	54.79	140.40	141.85	200.63	47.26	46.42	58.19	140.40	153.69	200.63
$\mathbf{3}$	Profit/(Loss) before Tax (1-2)	78.20	165.03	69.28	316.21	276.42	431.71	78.21	165.03	72.03	316.20	289.68	431.72
4	Income Tax expense
	Current Tax	15.65	36.76	16,40	65.20	61.03	83.57	15.65	36.76	16.39	65.20	63.80	83.57
	Deferred Tax	(0.34)	(0.58)	0.04	0.18	0.04	(5.18)	(0.34)	(0.58)	0.12	0.18	0.28	(5.18)
5
	Net Profit from Ordinary Activities After Tax (3-4)	62.89	128.85	52.84	250.83	215.35	353.32	62.90	128.85	55.52	250.82	225.60	353.33
6	Extraordinary Items					٠				$\overline{a}$
7	Net Profit for the period (5+6)	62.89	128.85	52.84	250.83	215.35	353.32	62.90	128.85	55.52	250.82	225.60	353.33
	Profit /(Loss) from discontinued operations before tax
	Tax expenses of discontinued operations				(14.21)
8	Net profit/loss from discontinued operation after tax
9	Share of profit / (loss) of associates	$\overline{\phantom{a}}$			$\overline{a}$	$\sim$		324.69	325.39	324.04	1,237.71	1,290.71	1,739.54
	10 Net profit after taxes and share of profit / (loss) of
	associates (7+8)	62.89	128.85	52.84	236.62	215.35	353.32	387.59	454.24	379.56	1,488.53	1,516.31	2,092.87
	11 Other comprehensive income
	- Changes in fair value of FVOCI equity instruments	(226.31)	(247.85)	535.54	(13.06)	795.63	348.82	(226.31)	(247.85)	750.25	(13.06)	1,114.61	348.82
	-Share of changes in fair value of FVOCI equity
	instrument from associate							(337.08)	13.11	926.05	(12.67)	1,634.12	456.84
	- Remeasurements of post-employment benefit
	oligations				٠			٠
	- Share of Remeasurements of post-employment
	benefit obligations from associate Other comprehensive income for the period	(226.31)	(247.85)	535.54	(13.06)	795.63	348.82	(563.39)	(234.74)	1,676.30	(25.73)	2,748.73	805.66
11	Total comprehensive income for the period (9+10)	(163.42)	(119.00)	588.38	223.56	1,010.98	702.14	(175.80)	219.50	2,055.86	1,462.80	4,265.04	2,898.53
	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
	audited balance sheet of previous accounting year						3,723.14	٠				٠	15,266.61
	14 Earnings Per Share (EPS) (not annualised):
	(Basic & Diluted)	5.78	11.84	4.86	21.75	19.79	32.48	35.63	41.75	34.89	136.82	139.38	192.38
		5.78	11.84	4.86	21.75	19.79	32.48	35.63	41.75	34.89	136.82	139.38	192.38

	Segment Reporting for the Consolidated Unaudited Financial Results for Quarter and Nine Months ended 31st Dec, 2025
												(Rs. in lakhs, unless otherwise stated)
	Standalone						Consolidated
Particulars	Quarter Ended			Nine Months Ended		Year ended	Quarter Ended			Nine Months Ended		Year ended
	31.12.2025	30.09.2025	31.12.2024	31.12.2025	31.12.2024	31.03.2025	31.12.2025	30.09.2025	31.12.2024	31.12.2025	31.12.2024	31.03.2025
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Seament Revenue
a. Investment & Finance	35.68	129.69	21.51	195.89	149.52	201.80	35.68	129.69	21.51	195.89	149.52	201.80
b. Business Centre	81.68	81.68	102.56	252.52	268.75	430.46	81.68	81.68	102.56	252.52	268.75	430.46
c. Trading Business
-Scanners & related Products		٠	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$					6.15		25.10
-Others	8.11	$\overline{\phantom{a}}$		8.11			8.11			8.11	٠
d. Other Unallocables	$\overline{\phantom{a}}$	0.08		0.08		0.08	٠	0.08		0.08		0.08
Net Sales/Revenue from Operation	125.47	211.45	124.07	456.61	418.27	632.34	125.47	211.45	130.22	456.61	443.37	632.34
Segment Results 2 Profit before Interest & Tax
a. Investment & Finance	31.45	125.73	17.81	183.54	138.98	185,02	31.45	125.73	17.81	183.54	138.98	185.02
b. Business Centre	44.48	44.73	65.87	138.99	160.78	277.37	44.48	44.73	65.87	138.99	160.78	277.37
c. Trading Business
-Scanners & related Products				$\overline{\phantom{a}}$					2.88		13.83
-Others	6.95	(1.01)	(0.74)	4.83	(2.03)	(5.98)	6.95	(1.01)	(0.74)	4.83	(2.03)	(5.98)
d.Add/Less: Other Unallocables	(4.38)	(4.13)	(13.53)	(10.18)	(20.99)	(23.54)	(4.38)	(4.13)	(13.53)	(10.18)	(20.99)	(23.54)
Total Segment Result	78.50	165.32	69.41	317.18	276.74	432.87	78.50	165.32	72.29	317.18	290.57	432.87
Less : e) Interest / finance cost	0.30	0.29	0.13	0.98	0.32	1.16	0.30	0.29	0.26	0.98	0.89	1.16
Total Profit/ (Loss) Before Tax	78.20	165.03	69.28	316.21	276.42	431.71	78.20	165.03	72.03	316.21	289.68	431.71
Capital Employed З
(Segment Assets-Segment Liabilities)
a. Investment & Finance	3,925.07	4,095.51	3,396.72	3,925.07	3,396.72	3,631.92	16,693.58	16,876.42	16,344.45	16,693.58	16,344.45	15, 175.39
b. Business Centre	1.147.52	1,174.29	1,226.12	1,147.52	1,226.12	1,260.34	1,147.52	1,174.29	1,226.12	1.147.52	1,226.12	1,260.34
c. Trading Business
-Scanners & related Products									291.97		291.97
-Others	7.96	0.75	7.48	7.96	7.48	22.04	7.96	0.75	7.48	7.96	7.48	22.04
d. Unallocated	(31.33)	(29.96)	(19.64)	(31.33)	(19.64)	(4.78)	(31.33)	(29.96)	(19.64)	(31.33)	(19.64)	(4.78)
Total Capital Employed	5,049.22	5,240.59	4,610.68	5,049.22	4,610.68	4,909.52	17,817.74	18,021.50	17,850.38	17,817.74	17,850.38	16,452.99

Notes:

$\mathbf{1}$ .	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 12th February, 2026.
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	The consolidated financials results include financial results of :-
	Name	Relationship
	AMJ Land Holdings Limited	Associate Company
	Pudumjee Paper Products Limited	Associate Company
4			Pursuant to the Scheme of Merger by Absorption approved by the Hon'ble National Company Law Tribunal (NCLT) under Sections 230-232
5	The figures for the previous period have been recast/ regrouped wherever necessary to confirm to current period's presentations.
	For Thacker and Company Limited
	Place: Mumbai
	Date: 12th February, 2026		Arun Kumar Jatia
			(Chairman)

٦

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: info@pawanca.com URL: www.pawanca.com

Independent Auditor's Review Report on the Unaudited Standalone Financial Results of the Company for the quarter ended ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 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 30 September 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 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 condúcted 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 inJormation 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'

ForPRAgarwal&Awasthi Chartered Accountants No.117940W

bt

CA Pawan I(R. Agarwal (Partner) Membership No. 34147

UDIN: 26034147JNUVJJ7634

Place:Mumbai Date:12.02.2026

PR.A GARWAL&A\ilASTHI

CHARTERED ACCOUNTANTS

REGD. OFFICE " 42, PHONE : 220 93908'FAX ' PRINCESS STREET, MUMBAI - 4OO OO2' GOPAL ^I: info@pawanca.com URL : www'pawanca'com BHAVAN, 199, 022-220 89133'E-mai

Limited Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of the Company for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 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 share of the net profit after tax and total comprehensive income of its associates for the quarter ended ³¹ December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 ("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" ("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) 241,0 "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	Relati
1.	AMJ Land Holding Limited	Associate Com
)	Pud 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 princlples 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. 4,471..17lakhs, net profit after tax of Rs. 990.90lakhs, and total comprehensive income of Rs. 831.28lakhs for the period ended 31st December, 2025 asconsidered 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. 62,955 iakhs, net profit after tax of Rs. 7,387 lakhs, and total comprehensive income of Rs.7,472lakhs for the period ended 31st December, 2025. 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 ,"rp".i to our reliance on the work done by other auditors and the Financial Results certified by the Management.

For and on behalf of

I

ForPRAgarwal&Awasthi Chartered Accountants No.117940W

ba

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

UDIN: 26034147SNOBI83213

Pl6ce: Mumbai Daie:12.02.2026