Thakkers Developers has published the newspaper advertisement for its 39th Annual General Meeting (AGM), confirming the dispatch of notices to shareholders. The meeting is scheduled for Wednesday, September 30, 2026, at 12.00 noon.

The company filed the intimation with the Bombay Stock Exchange on September 8, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015. The advertisement was placed in Free Press (English) and Navshakti Times (Marathi) on the same date.

Meeting Details

The 39th AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The venue of the meeting is deemed to be the registered office of the company in Mumbai.

Book Closure and Voting

As previously announced, the register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, to determine shareholders eligible for voting.

Remote e-voting will commence on September 26, 2026, at 9:00 am and conclude on September 30, 2026, at 12:00 am. Members holding shares in dematerialised mode are requested to register their email addresses and mobile numbers with their depository participants. Physical share holders should provide these details to the Registrar and Share Transfer Agent, Ms. Purva Sharegiri (India) Private Limited.

Jitendra Manohardas Thakker, Chairman, signed the filing.

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.