Attached herewith the Annual Report for FY 2024-25
THAKDEV · price
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Thakkers Developers Ltd, a Nashik-based real estate and construction company listed on BSE, submitted its Annual Report for FY 2024-25. The company swung back to profitability on both standalone and consolidated bases. Standalone revenue rose modestly to Rs. 1,849.46 Lakhs (from Rs. 1,779.21 Lakhs), while consolidated revenue grew about 14% to Rs. 3,678.78 Lakhs. Standalone profit after tax stood at Rs. 277.06 Lakhs compared to a loss of Rs. 228.47 Lakhs in the previous year. Consolidated PAT was Rs. 653.70 Lakhs against a loss of Rs. 69.54 Lakhs. No dividend has been recommended, and Rs. 271.09 Lakhs was transferred to general reserves. The 38th AGM is scheduled for September 30, 2025 via video conferencing.
The return to profitability after a loss-making FY24 is a positive signal for shareholders, though the standalone revenue growth is modest and no dividend is being paid. Key changes at the AGM include the resignation of the woman director and CFO, and appointment of a new CFO and four independent directors, which investors should watch for governance implications.