Thakkers Group sets Sep 24-30 book closure for 58th AGM

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Book closure period runs from September 24, 2026 to September 30, 2026
  • 58th Annual General Meeting scheduled for September 30, 2026
  • Meeting venue is the registered office in Nashik
  • Intimation issued under SEBI LODR Regulation 42
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Thakkers Group will close its register of members and share transfer books from September 24, 2026 to September 30, 2026. This closure facilitates the determination of shareholders eligible to attend the company's 58th Annual General Meeting.

The AGM is scheduled for Wednesday, September 30, 2026 at 3:00 pm at the company's registered office in Nashik. The notice was issued pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015.

Gaurav Jitendra Thakker, Director, signed the intimation on behalf of the company. The firm, formerly known as Asian Food Products Limited, operates its head office in Nashik and maintains a unit in Mumbai.

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What key financial results or strategic initiatives is Thakkers Group expected to present at the upcoming 58th AGM?

How might the company's dual-location operations in Nashik and Mumbai influence its future expansion plans or cost structures?

Are there any proposed changes to the board of directors or executive management that shareholders should anticipate?

Thakkers Group FY26 profit falls 74% as revenue triples

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Reviewed by
Naman SScanX News Team
Key Highlights

Thakkers Group Limited reported a 74% decline in net profit to ₹205.32 lakh for FY26, even as revenue from operations surged 206% to ₹1,442.14 lakh. The increase in expenses, particularly finance costs and other expenditure, impacted profitability, leading to a net loss of ₹86.83 lakh in Q4FY26. The statutory auditors issued an unmodified opinion on the audited standalone financial results.

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Thakkers Group Limited reported a 74% decline in net profit to ₹205.32 lakh for the financial year ended March 31, 2026, compared to ₹783.10 lakh in the previous year. The company's revenue from operations surged 206% to ₹1,442.14 lakh from ₹471.50 lakh in FY25. The board approved the audited standalone financial results at a meeting held on May 30, 2026.

The total income for FY26 rose to ₹2,631.15 lakh from ₹2,245.15 lakh in the prior year. However, total expenses increased significantly to ₹2,369.23 lakh from ₹1,333.25 lakh, primarily driven by a rise in finance costs to ₹911.26 lakh and other expenditure to ₹334.70 lakh. The profit before tax for the year stood at ₹261.92 lakh, down from ₹911.90 lakh in FY25.

For the quarter ended March 31, 2026, the company reported a net loss of ₹86.83 lakh, a reversal from the net profit of ₹347.71 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹910.09 lakh from ₹114.00 lakh in Q4FY25. Total expenses for the quarter rose to ₹1,144.95 lakh from ₹389.86 lakh.

The basic earnings per share (EPS) for FY26 fell to ₹12.97 from ₹49.46 in the previous year. For the quarter ended March 31, 2026, the basic EPS was a loss of ₹5.48, compared to a profit of ₹21.96 in the same period last year. The company's total assets as of March 31, 2026, stood at ₹23,647.39 lakh, an increase from ₹20,148.63 lakh in the previous year.

M/s Karwa Malani Kalantri & Associates, Chartered Accountants, the statutory auditors, issued an unmodified opinion on the standalone Ind AS financial results. The auditor confirmed that the financial statements give a true and fair view of the company's financial position and comply with the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

Particulars For the Year Ended 31/03/2026 (Audited) For the Year Ended 31/03/2025 (Audited)
Revenue From Operations ₹1,442.14 lakh ₹471.50 lakh
Total Income ₹2,631.15 lakh ₹2,245.15 lakh
Total Expenses ₹2,369.23 lakh ₹1,333.25 lakh
Profit Before Tax ₹261.92 lakh ₹911.90 lakh
Net Profit ₹205.32 lakh ₹783.10 lakh
Basic EPS ₹12.97 ₹49.46

Assets and Liabilities

Particulars As at 31/03/2026 (Audited) As at 31/03/2025 (Audited)
Total Assets ₹23,647.39 lakh ₹20,148.63 lakh
Total Equity ₹6,204.43 lakh ₹5,973.53 lakh
Total Liabilities ₹17,442.96 lakh ₹14,175.10 lakh

Historical Stock Returns for Thakkers Group

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What specific measures will the company take to manage the escalating finance costs that significantly impacted FY26 profitability?

Is the 206% surge in revenue sustainable, and what strategies are in place to align expense growth with operational income?

How will the company address the deteriorating profit margins given the sharp rise in total expenses compared to the previous year?

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