Thakkers Group Limited has witnessed the completion of regulatory compliance procedures following a significant shareholding transfer within its promoter group. Jitendra Manoharlas Thakker has filed the required disclosure under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, after acquiring 150,000 equity shares representing 9.47% of the company's diluted share capital through a gift deed from his brother, Rajendra Manoharlas Thakker.

Transaction Details and Regulatory Timeline

The inter-se transfer was executed with full regulatory compliance, following a structured timeline of filings and disclosures:

SEBI Compliance and Fee Payment

Jitendra Manoharlas Thakker has completed all required regulatory filings and paid the applicable fees of ₹2,77,000 (including 18% GST) to SEBI. The payment was processed on December 12, 2025, with reference ID CHDFT831543RRP, ensuring full compliance with SEBI regulations.

Impact on Shareholding Structure

The gift transfer has resulted in a significant redistribution of shares within the promoter group:

Regulatory Exemption Framework

The transaction qualifies for exemption from open offer requirements under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves a transfer between immediate relatives within the promoter group. The acquirer has declared full compliance with all conditions specified under the exemption provisions.

Promoter Group Holdings

This inter-se transfer within the promoter group does not affect the overall promoter holding in the company, which remains at 56.09%. The transaction represents a complete transfer of Rajendra Manoharlas Thakker's stake to his brother, consolidating a significant portion of the promoter group's shareholding under Jitendra Manoharlas Thakker's ownership.

The completion of all regulatory filings demonstrates the promoter group's commitment to maintaining transparency and compliance with SEBI regulations throughout the shareholding restructuring process.

Thakkers Group Limited , a prominent player in the real estate sector, has reported a significant financial shift in its second quarter results for the fiscal year 2026. The company faced a challenging period, posting a net loss despite a substantial increase in revenue.

Financial Performance Overview

The company's financial results for the quarter ended September 30, 2025, paint a complex picture of growth and challenges:

All figures in lakhs

Key Highlights

1. Revenue Growth: Thakkers Group witnessed a remarkable increase in revenue from operations, jumping to ₹114.00 lakhs from ₹14.41 lakhs in the same quarter last year. This represents a substantial year-over-year growth of 691.12%.

2. Profitability Challenges: Despite the revenue surge, the company reported a net loss of ₹210.49 lakhs, a stark contrast to the profit of ₹141.83 lakhs in Q2 FY2025.

3. Increased Expenses: The total expenses for the quarter stood at ₹825.47 lakhs, with finance costs contributing ₹228.31 lakhs to this figure. These elevated expenses played a significant role in the quarterly loss.

Factors Influencing Performance

The company's financial results indicate a period of expansion and investment, as evidenced by the substantial increase in revenue. However, this growth has been accompanied by a proportional rise in expenses, particularly in finance costs. The high finance costs suggest that Thakkers Group may be leveraging debt to fuel its growth strategies or manage ongoing projects.

Looking Ahead

While the revenue growth is a positive indicator, the shift from profit to loss underscores the challenges faced by Thakkers Group in managing its operational costs and financial obligations. Stakeholders will likely be keen to see how the company plans to address these challenges and return to profitability in the coming quarters.

The management's strategies for cost optimization and leveraging the increased revenue for sustainable growth will be crucial factors to watch in the near future.

Note: The financial results have been reviewed by Karwa Malani Kalantri and Associates, Chartered Accountants, as per the limited review report dated November 13, 2025.