Company Overview
Thakkers Developers Limited (Scrip Code: 526654) submitted its Annual Report for FY 2025-26 to BSE pursuant to SEBI LODR Regulation 34(1), alongside the Consolidated Independent Auditors' Report dated May 29, 2026.
Financial Performance
Consolidated Results: The company reported revenue of ₹40.74 crore (11% growth YoY) but net profit declined 21% to ₹5.11 crore, with EPS at ₹5.68. Standalone revenue was ₹18.01 crore with net profit of ₹1.05 crore. The company achieved 40% debt reduction during the year.
Balance Sheet: Total assets stood at ₹212.47 crore, with equity of ₹156.29 crore. Current ratio improved to 11.34 times, while return on equity decreased to 3.27% from 4.33%.
Corporate Governance & Board Changes
Significant management changes occurred during FY26: Mr. Gaurav Deshmukh, Mr. Manish Lonari, Mr. Chandrakant Thakker, Mr. Jaman Thakker, Mrs. Hetal Thakker, and Mrs. Poonam Thakker resigned as directors, while Mr. Abhishek Thakker resigned as CFO. New appointments included Mrs. Vidhi Rishabh Shah as additional director and Mr. Rajendra Bunage as CFO.
AGM Details
The 39th Annual General Meeting will be held on September 30, 2026 via video conference. Agenda items include adoption of financial statements, reappointment of Mr. Jitendra Manohardas Thakker and Mr. Narendra Manohardas Thakker as directors, appointment of Mrs. Vidhi Rishabh Shah as director, and appointment of Ashok Surana as Secretarial Auditor for 5 years.
Subsidiaries & Related Party Transactions
The group consists of five subsidiaries: Harshwardhan Developers, Jamuna Horticulture, Motel Kutir Nirman, Pratap Marketing, and Shree Kalavati Farm. Related party transactions amounted to ₹210.17 crore, primarily consisting of advances paid and received.
Regulatory Compliance & Internal Controls
The company confirmed compliance with Companies Act, 2013 and SEBI Listing Regulations, with no material penalties imposed. Internal financial controls were deemed adequate and operating effectively as of March 31, 2026, though assessment for some subsidiaries was based on management reports.