Thakkers Developers Ltd

Secretarial Auditor appointment

• Ashok Surana appointed Secretarial Auditor effective 30 Sept 2026 for five financial years FY 2026-27 to FY 2030-31.

Director appointment

• Mrs. Vidhi Rishabh Shah appointed Director effective 30 Sept 2026; liable to retire by rotation.
• Vidhi Rishabh Shah is related to Director Mr. Narendra Manohardas Thakker.
• Vidhi Rishabh Shah is not debarred by SEBI or any authority.

AGM Details

• Date/Time/Mode: 30 Sep 2026, 12:00 IST, via VC.
• Deemed venue: registered Mumbai address.
• E-voting window: 26–29 Sep 2026, 09:00–17:00 IST.
• Scrutinizer appointed for remote e-voting.
• Meeting concluded 12:20 IST; e-voting open 10 minutes post-meeting.

Resolutions Proposed

• Adoption of financial statements (Ordinary).
• Re-appointment of Jitendra Thakker as director (rotating).
• Re-appointment of Narendra Thakker as director (rotating).
• Appointment of Ashok Surana as Secretarial Auditor for five years.
• Appointment of Vidhi Shah as Director.

Voting Results

• E-voting results to be declared within 2 working days.
• Results will be intimated to stock exchanges.

Director Changes

• Director re-appointments: Jitendra Thakker; Narendra Thakker.
• Vidhi Shah appointed as Director.

Auditor Appointments

• Secretarial Auditor: Ashok Surana appointed for FY2026-27 to FY2030-31.

Thakkers Developers Ltd - Trading window closed from October 01, 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

Book closure details

• Register of Members and share transfer books closed Sep 24–30, 2026 (inclusive).
• AGM to be held on Sep 30, 2026 at 12:00 noon via VC/OAVM.
• Pursuant to Regulation 42 of SEBI LODR, 2015.

Financial highlights

• Standalone revenue from operations: Rs 1800.87 lakh, down slightly YoY.
• Consolidated revenue from operations: Rs 4074.29 lakh.
• Standalone operating profit: Rs 755.38 lakh, down from Rs 888.02.
• Consolidated operating profit: Rs 1508.51 lakh.
• Standalone PAT: Rs 104.57 lakh; prior year Rs 653.70.
• Consolidated PAT: Rs 525.88 lakh; prior year Rs 653.70.
• No dividend declared for FY2025-26.
• General Reserve transfer: Rs 89.98 lakh.
• Debt declined by more than 40% during the year.

Capital structure & liquidity

• Standalone borrowings: Rs 1409.25 lakh; Consolidated borrowings: Rs 1600.32 lakh.
• Cash and cash equivalents: Standalone Rs 98.25 lakh; Consolidated Rs 196.41 lakh.
• Debt reduction noted; liquidity position improved.
• No external deposits raised during the year.

Operations and strategic developments

• Launch of Jungle Beats Life to diversify lifestyle developments.
• Thakkers M Square strengthens Nashik's prominent commercial district.
• Momentum in plotted developments across Nashik corridors.
• Nashik infrastructure upgrades, including Samruddhi Mahamarg, boost demand.
• Surge in industrial investments; logistics corridors enhance market access.
• Outlook: long-term positive growth in Nashik real estate.

Governance and board changes

• Mrs. Vidhi Rishabh Shah appointed Additional Director on 26 March 2026; recommended for appointment.
• Ashok Surana appointed Secretarial Auditor for five years from FY2026-27.
• Mr. Rajendra Bunage appointed Chief Financial Officer from 30 September 2025.
• Independent Directors include changes; several resignations in 2025-26.
• CSR Committee reconstituted; Vidhi Shah appointed as CSR Committee Chair.

Dividend policy and CSR

• Board adheres to Dividend Distribution Policy; no dividend declared for FY2025-26.
• CSR spend for the year Rs 50.66 lakh; 2% of average net profit Rs 12.98 lakh.
• Excess CSR spend of Rs 37.68 lakh to be carried forward.

Audit & internal controls

• Statutory auditors: Karwa Malani Kalantri & Associates; 5-year term recommended.
• Secretarial audit by Ashok Surana; MR-3 issued with no observations.
• Internal controls deemed adequate; emphasis on vehicle ownership in directors’ names.
• Independent auditor’s certificate confirms governance compliance.

Subsidiaries & group structure

• Five wholly-owned subsidiaries: Harshwardhan, Jamuna Horticulture, Motel Kutir Nirman, Pratap Marketing, Shree Kalavati Farm (95%).
• Consolidation of wholly-owned subsidiaries; no non-controlling interest.

Outlook and risks

• Outlook remains positive for Nashik’s real estate sector.
• Risks include regulatory shifts, cost inflation, funding access, and project approvals.
• Management emphasizes disciplined execution and prudent capital allocation.

AGM details

• AGM on Wed, 30 September 2026 at 12:00 noon via Zoom VC.
• Venue deemed at registered office, Mumbai.
• Register of Members and Transfer Books closed 24–30 September 2026.
• Remote e-voting facility available via CDSL.

Ordinary business

• Adopt audited standalone and consolidated financial statements for FY 2025-26.
• Re-appoint Jitendra Manohardas Thakker as Director, retiring by rotation.
• Re-appoint Narendra Manohardas Thakker as Director, retiring by rotation.
• Appoint Vidhi Rishabh Shah as Director.

Special business

• Appoint Ashok Surana as Secretarial Auditor for five years (FY 2026-27 to FY 2030-31).

Directors & governance

• Vidhi Rishabh Shah appointed Additional Director on 26 March 2026; to be appointed as Director at AGM.

Auditors

• Remuneration for Secretarial Auditor to be determined by Audit Committee and Board.

Other disclosures

• No material related party transactions disclosed in this filing.

Consolidated highlights

• Consolidated revenue from operations: 3466.55 Lakhs.
• Total consolidated income from operations: 4074.29 Lakhs.
• Profit after tax from continuing operations: 511.28 Lakhs.
• Total consolidated comprehensive income: 525.88 Lakhs.
• Consolidated basic EPS: ₹5.68 per share.
• Segment revenue: Construction 642.15, Estate Dealing 223.79; total 865.94 Lakhs.
• Segment results: Construction 112.96, Estate Dealing 115.85; total 254.42 Lakhs.

Standalone highlights

• Standalone revenue from operations: 1301.81 Lakhs.
• Standalone total income from operations: 1194.78 Lakhs.
• Standalone basic EPS: ₹10.23 per share.

Board and audit notes

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Report issued by Karwa Malani Kalantri & Associates.
• Auditors' report: unmodified opinion on Q1 2026 results.
• Notes: prior-year figures restated/re-grouped where necessary; results per Ind AS.

Meeting Details

• Board meeting scheduled for Aug 14, 2026 at the company's administrative office; time not disclosed.

Key Agenda Items

• Consider, approve and record unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed July 01, 2026 to 48 hours after unaudited standalone and consolidated results declaration.

Dematerialisation/rematerialisation status

• Dematerialisation requests processed; securities dematerialised listed on exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository’s name substituted as registered owner within prescribed timelines.