Thakkers Group Ltd (formerly known as Asian Food Products Limited) has announced a significant change in its shareholding structure, with promoter group member Jitendra Manohardas Thakker set to acquire a substantial stake in the company through gift transfers from immediate relatives.

Transaction Details

Jitendra Manohardas Thakker plans to acquire a total of 225,000 equity shares, representing 14.21% of the company's total share capital. The shares will be transferred as gifts from two immediate family members:

• 75,000 shares from his brother, Narendra Manohardas Thakker
• 150,000 shares from his sister, Pallavi Batavia

Rescheduled Transfer Date

Initially scheduled for September, the transaction has been postponed due to unforeseen circumstances. According to the company's disclosure, the share transfer is now expected to take place on or after October 3, 2025.

Regulatory Compliance

The company has confirmed that this transfer qualifies for exemption under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, as it occurs between immediate relatives within the promoter group.

Impact on Shareholding

Post-transaction, the shareholding structure will change as follows:

Promoter Group Holding

The overall promoter group holding is expected to remain unchanged at 41.91% after the transaction, as the shares are being transferred within the group.

This inter-se transfer within the promoter group is seen as a restructuring of family holdings and does not affect the total promoter stake in Thakkers Group Ltd. The company has assured compliance with all applicable disclosure requirements under the SEBI regulations.

Thakkers Group Limited has announced its unaudited standalone financial results for the first quarter, showcasing a robust performance with significant growth in profit and total income.

Financial Highlights

• Total Income: The company reported a total income of 471.50 lakh, comprising revenue from operations of 348.48 lakh and other income of 141.11 lakh.
• Profit: Thakkers Group posted a profit of 261.20 lakh for the quarter.
• Earnings Per Share (EPS): Both basic and diluted EPS stood at 2.89.

Key Financial Metrics

Balance Sheet Highlights

• Total Assets: Increased to 22,816.41 lakh from 20,148.63 lakh in the previous quarter.
• Total Equity: Rose to 6,234.73 lakh from 5,973.53 lakh.

Other Notable Points

1. The Board of Directors approved these results at their meeting.
2. The company received no investor complaints during the quarter.
3. Statutory auditors issued an unmodified opinion on the financial statements.

Management Commentary

Gaurav Jitendra Thakker, Director of Thakkers Group Limited, signed off on the financial results, indicating the management's approval of the company's performance for the quarter.

Conclusion

Thakkers Group Limited has demonstrated a strong financial performance this quarter, with significant year-on-year growth in profit and total income. The company's increased total assets and equity suggest a strengthening financial position, which may bode well for future growth prospects.