Thakkers Developers reported a 66.8% decline in net profit to ₹89.98 lakh for the financial year ended March 31, 2026, compared to ₹271.09 lakh in the previous year. Revenue from operations fell 10.2% to ₹1196.96 lakh from ₹1333.20 lakh in FY25, according to a regulatory filing. The company's board approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹114.94 lakh, compared to a profit of ₹202.79 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹145.63 lakh, a significant drop from ₹405.02 lakh in Q4FY25. Total income for the quarter was ₹316.60 lakh, down from ₹608.52 lakh in the corresponding period last year.

Financial Performance

The company's total expenses for FY26 increased to ₹1644.31 lakh from ₹1548.53 lakh in the previous year. Finance costs decreased to ₹68.02 lakh from ₹171.06 lakh, while depreciation and amortisation expenses rose to ₹185.45 lakh from ₹169.60 lakh. The basic earnings per share (EPS) for the year stood at ₹1.00, down from ₹3.01 in FY25.

Segment Results

The company operates through two primary segments: Construction & Contract Related Activity and Estate Dealing & Development Activity. Segment revenue for the year stood at ₹1172.67 lakh, down from ₹1242.86 lakh in the previous year. The Estate Dealing & Development Activity segment contributed ₹713.62 lakh to the total revenue, while the Construction & Contract Related Activity segment contributed ₹459.05 lakh.

Auditor's Report

Karwa Malani Kalantri & Associates, the statutory auditor, issued an unmodified opinion on the standalone and consolidated financial statements. The auditor noted that the internal financial controls of the company need to be strengthened to commensurate with the nature and size of the company. The report also stated that the consolidated financial results include unaudited figures for five wholly-owned subsidiaries, with total revenue of ₹2273.42 lakh and a group share of net profit of ₹421.31 lakh.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, stood at ₹19,906.78 lakh, compared to ₹20,118.46 lakh in the previous year. Total equity increased to ₹14,058.94 lakh from ₹13,954.37 lakh. Current liabilities decreased significantly to ₹944.04 lakh from ₹1388.08 lakh, while non-current liabilities rose to ₹4903.81 lakh from ₹4776.02 lakh.

Thakkers Developers Limited has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled for Friday, May 29, 2026. The intimation was filed on May 14, 2026, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary agenda for the scheduled board meeting is the consideration and approval of the company's audited financial results. The following key item is slated for discussion:

• Audited Financial Results along with the Auditor's Report for the quarter and financial year ended March 31, 2026

The table below summarises the key details of the board meeting intimation:

Trading Window Closure

In line with the company's obligations under applicable insider trading regulations, the trading window for dealing in securities of Thakkers Developers Limited by designated persons and their immediate relatives was closed from April 01, 2026. The trading window will remain closed until 48 hours after the declaration of the financial results for the quarter and financial year ended March 31, 2026.

The intimation was signed by Jitendra Manohardas Thakker, Chairman (DIN: 00082860), on behalf of Thakkers Developers Limited, and submitted to the Bombay Stock Exchange Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001.