Thacker and Company Seeks Shareholder Approval for Rs 2,000 Lakh Related Party Transaction

Thacker and Company Limited (TCL) has announced a significant corporate action, seeking shareholder approval for a material related party transaction with Biodegradable Products India Limited (BPIL). The proposed transaction, involving inter-corporate deposits and resource transfers, underscores the intricate financial relationships within the corporate landscape.

Transaction Details

The proposed arrangement includes:

Aspect	Details
Transaction Type	Inter-corporate deposits and resource transfers
Maximum Transaction Value	Rs 2,000 lakhs per financial year
Interest Rate	7.00% to 9.00% per annum
Nature	Repayable on demand, continuous arrangement
Percentage of TCL's Annual Consolidated Turnover	Approximately 652.23%

Corporate Relationship

The transaction highlights the close ties between TCL and BPIL:

Common Directors: Mr. Arunkumar Jatia and Mr. Surendrakumar Bansal serve on both companies' boards.
Significant Shareholding: Mr. Arunkumar Jatia holds 45.74% of BPIL's share capital.

Approval Process and Voting

The Board of Directors and Audit Committee of TCL approved the transaction on October 27, subject to shareholder approval. Shareholders can cast their votes through remote e-voting:

Commencement: October 31 (09:00 a.m. IST)
Conclusion: November 29 (05:00 p.m. IST)

Strategic Implications

While BPIL is currently loss-making with a negative net worth, it holds approximately 25 acres of land near Hinjewadi, Pune. This land asset presents potential for future growth and value creation, possibly influencing TCL's decision to engage in this substantial transaction.

Regulatory Compliance

The transaction falls under the purview of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, necessitating shareholder approval due to its material nature. TCL asserts that the transaction is at arm's length and in the ordinary course of business.

This proposed transaction represents a significant financial commitment for Thacker and Company Limited, potentially impacting its liquidity and financial position. Shareholders will need to carefully consider the terms and potential benefits of this arrangement before casting their votes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.05%	+7.26%	+2.06%	+19.46%	+40.33%	+767.82%

Thacker And Company Limited , a diversified company operating in investment, finance, and business center segments, has reported strong financial results for the first quarter. The company also announced the appointment of a new Company Secretary and Compliance Officer.

Financial Performance

Thacker And Company Limited showcased impressive growth in its consolidated financial results for Q1:

Particulars (in Rs. lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Total Income	119.69	108.19	10.63%
Net Profit	632.50	516.42	22.48%
EPS (in Rs.)	58.14	47.47	22.48%

The company's consolidated net profit surged by 22.48% year-over-year to Rs. 632.50 lakhs, compared to Rs. 516.42 lakhs in the same quarter last year. Total income from operations stood at Rs. 119.69 lakhs, marking a 10.63% increase from the previous year.

On a standalone basis, Thacker And Company reported a marginal decline in net profit to Rs. 44.88 lakhs, compared to Rs. 46.01 lakhs in Q1 FY2025.

Segment Performance

The company operates through three main segments:

Investment & Finance: Generated revenue of Rs. 30.53 lakhs with a segment result of Rs. 26.91 lakhs.
Business Centre: Contributed Rs. 89.16 lakhs to revenue with a segment result of Rs. 53.12 lakhs.
Trading Business: Reported a slight loss of Rs. 0.95 lakhs in the 'Others' sub-segment.

Appointment of New Company Secretary

Thacker And Company's Board of Directors has appointed Ms. Siddhi Kul as the new Company Secretary and Compliance Officer, effective August 4, 2025. The appointment was based on the recommendation of the Nomination and Remuneration Committee.

Ms. Kul, an Associate Member of the Institute of Company Secretaries of India (ICSI Membership No.: ACS 76672), brings valuable experience in secretarial and legal functions, as well as expertise in corporate law compliance.

Other Highlights

The company's total comprehensive income for the quarter stood at Rs. 1,404.91 lakhs, showcasing a substantial increase from Rs. 1,599.69 lakhs in Q1 FY2025.
Earnings per share (EPS) improved to Rs. 58.14, up from Rs. 47.47 in the corresponding quarter of the previous fiscal year.
The consolidated results include the performance of associate companies AMJ Land Holdings Limited and Pudumjee Paper Products Limited.

Thacker And Company Limited's strong Q1 performance, coupled with the strategic appointment of a new Company Secretary, positions the company for continued growth and enhanced corporate governance in the coming quarters.