Thakkers Developers has announced the book closure dates for its upcoming annual general meeting. The company’s register of members and share transfer books will remain closed from Thursday, September 24, 2026 to Wednesday, September 30, 2026.

The closure is mandated pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015. This action ensures the determination of shareholders eligible to vote at the meeting.

Key Dates

The 39th Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026 at 12.00 noon. The meeting will be conducted through Video Conferencing or Other Audio Visual Means, as permitted under current regulations.

Jitendra Manohardas Thakker, a director of the company, digitally signed the intimation filed with the Bombay Stock Exchange.

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.