🔍

Thacker & Company Ltd (509945)

📊 BSE: 509945 🏢 Other Financial Services 📢 Latest filing: 13 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Thacker's revenue was ₹1.2 Cr (-2.2% year on year, -6.9% on the previous quarter), and net profit ₹6.1 Cr (-3.6% year on year); the operating margin was 88.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.2	-2.2%	-6.9%
Operating profit	₹1.0	+2.1%	-4.5%
Net profit	₹6.1	-3.6%	+39.3%
EPS (₹)	56.06	-3.7%	+39.2%
Operating margin	88.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Thacker & Co. Appoints New CFO and Auditor; Amends Articles for Potential Buy-back

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 13 Aug 2026, 04:55 PM

Thacker & Company Ltd has announced a leadership transition with Mr. Amit Kumar appointed as CFO effective August 14, 2026, replacing Mr. Raju R. Adhia. The company is also appointing M/s. V K Beswal & Associates as Statutory Auditors to fill a casual vacancy following the resignation of the previous auditors on August 7, 2026. Significantly, the Board approved an amendment to the Articles of Association to enable future share buy-backs, which is notable given the company's high net worth of ₹175 Cr relative to its ₹111 Cr market cap. These changes are subject to shareholder approval via postal ballot.

Mr. Amit Kumar appointed as CFO and Key Managerial Personnel effective August 14, 2026
M/s. V K Beswal & Associates appointed as Statutory Auditors to fill casual vacancy
Mr. Raju R. Adhia re-appointed as Manager for a 5-year term subject to shareholder approval
Articles of Association amended to include an enabling provision for share buy-backs
Outgoing auditors P R Agarwal & Awasthi raised no material concerns in their resignation dated August 7, 2026

💡 Investors should monitor the results of the upcoming Postal Ballot for the approval of the new auditor and the buy-back enabling provision. The potential for a buy-back is worth watching given the company's significant net worth compared to its market valuation.

Thacker & Company Amends AoA for Buy-back Provision; Appoints New CFO and Auditor

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 13 Aug 2026, 04:53 PM

Thacker & Company has approved an amendment to its Articles of Association to enable future share buy-backs, a notable move given the company trades at a P/B of 0.6. The board also appointed Mr. Amit Kumar as CFO effective August 14, 2026, while the outgoing CFO, Mr. Raju R. Adhia, is being re-appointed as Manager for a 5-year term. Furthermore, V K Beswal & Associates will take over as Statutory Auditors following a casual vacancy. These administrative and leadership changes require shareholder approval via postal ballot.

Appointment of Mr. Amit Kumar as CFO effective August 14, 2026
Re-appointment of Mr. Raju R. Adhia as Manager for a 5-year term
Insertion of an enabling provision in the Articles of Association for share buy-backs
Appointment of M/s. V K Beswal & Associates as Statutory Auditors to fill a casual vacancy

💡 Watch for the Postal Ballot results and any subsequent board meeting regarding a concrete buy-back proposal, as the company has a high net worth of ₹175 Cr relative to its ₹111 Cr market cap.

Thacker & Co. Appoints New CFO, Changes Auditors, and Enables Buy-back Provision

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 13 Aug 2026, 04:50 PM

Thacker & Company Ltd has announced a significant management and regulatory update. Mr. Amit Kumar will take over as CFO from Mr. Raju R. Adhia effective August 14, 2026, while Mr. Adhia is proposed for re-appointment as Manager for a 5-year term. The company is also replacing its statutory auditors with M/s. V K Beswal & Associates following the resignation of the previous firm. Crucially, the board has approved an enabling provision in the Articles of Association for future share buy-backs, which is notable given the company's high TTM PAT of ₹19 Cr relative to its ₹111 Cr market cap.

Mr. Amit Kumar appointed as CFO and Key Managerial Personnel effective August 14, 2026.
Mr. Raju R. Adhia re-appointed as Manager for a 5-year term, subject to shareholder approval.
M/s. V K Beswal & Associates appointed as Statutory Auditors to fill a casual vacancy.
Articles of Association amended to enable future buy-back of securities.
Previous auditors M/s. P R Agarwal & Awasthi resigned effective August 7, 2026, citing no material concerns.

💡 Investors should monitor the upcoming Postal Ballot results for the approval of the new auditor and the buy-back enabling provision. While the buy-back is currently only an enabling provision, it may signal future capital return plans.

Thacker & Co. Appoints New CFO, Auditor, and Enables Buy-back Provision

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 13 Aug 2026, 04:49 PM

Thacker & Company Ltd has announced a series of management and structural changes, including the appointment of Mr. Amit Kumar as CFO effective August 14, 2026, following the resignation of Mr. Raju R. Adhia. Mr. Adhia will transition to the role of Manager for a 5-year term, subject to shareholder approval. The Board also appointed M/s. V K Beswal & Associates as Statutory Auditors to fill a casual vacancy. Notably, the company is seeking shareholder approval to amend its Articles of Association to enable future share buy-backs, which is significant given its Net Worth of ₹175 Cr exceeds its Market Cap of ₹111 Cr.

Appointment of Mr. Amit Kumar as CFO and Key Managerial Personnel effective August 14, 2026
Re-appointment of Mr. Raju R. Adhia as Manager for a term of 5 years
Appointment of M/s. V K Beswal & Associates as Statutory Auditors following the resignation of the previous auditor on August 7, 2026
Proposed amendment to Articles of Association to enable buy-back of securities
Company maintains a high Net Worth of ₹175 Cr against a Market Cap of ₹111 Cr

💡 Investors should monitor the upcoming Postal Ballot results for the approval of the new Auditor and the AOA amendment. The enabling provision for a buy-back is particularly relevant given the company's cash-rich balance sheet and low P/B ratio of 0.6.

Thacker & Co. Appoints New CFO, New Auditor, and Enables Buy-back Provision

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 13 Aug 2026, 04:47 PM

Thacker & Company Ltd has announced a significant administrative overhaul, including the appointment of Mr. Amit Kumar as CFO effective August 14, 2026, following the resignation of Mr. Raju R. Adhia. The company is also replacing its statutory auditors with M/s. V K Beswal & Associates after the resignation of the previous firm on August 7, 2026. Crucially, the board has approved an amendment to the Articles of Association to enable future share buy-backs, a notable move for a company with a net worth of ₹175 Cr relative to its ₹111 Cr market cap. Mr. Adhia will continue with the firm as a Manager for a 5-year term, subject to shareholder approval.

Mr. Amit Kumar appointed as Chief Financial Officer effective August 14, 2026.
M/s. V K Beswal & Associates appointed as Statutory Auditors to fill a casual vacancy.
Board approved enabling provision in Articles of Association for future share buy-backs.
Mr. Raju R. Adhia re-appointed as Manager for a 5-year term via Special Resolution.
Previous Statutory Auditors resigned on August 7, 2026, with no reported concerns.

💡 Investors should monitor the upcoming Postal Ballot results for the approval of the new auditor and the buy-back enabling provision. While the buy-back provision is currently only enabling, the company's high net worth relative to its market cap makes this a key area to watch for capital allocation changes.

Thacker & Company Q1 FY27 Standalone PAT at ₹4.38 Cr, Down 30% YoY

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:45 PM

Thacker & Company reported a standalone net profit of ₹4.38 Cr for the quarter ended June 30, 2026, compared to ₹6.33 Cr in the same quarter last year. Standalone revenue remained relatively flat at ₹1.26 Cr versus ₹1.20 Cr YoY. The company's consolidated performance is significantly driven by its associates, AMJ Land Holdings and Pudumjee Paper Products, which reported revenues of ₹16.50 Cr and ₹218.59 Cr respectively. Consolidated net profit for the quarter stood at ₹6.03 Cr.

Standalone Net Profit decreased to ₹4.38 Cr from ₹6.33 Cr in the year-ago period
Standalone Revenue for the quarter was ₹1.26 Cr, contributing ~21% of TTM revenue
Associate Pudumjee Paper Products reported a PAT of ₹13.72 Cr on revenue of ₹218.59 Cr
Associate AMJ Land Holdings reported a PAT of ₹3.37 Cr on revenue of ₹16.50 Cr
Standalone EPS for the quarter stood at ₹40.27 compared to ₹58.20 in June 2025

💡 Investors should focus on the performance and dividend payouts of associate companies Pudumjee Paper Products and AMJ Land Holdings, as they represent the bulk of the company's underlying value.

Thacker & Company Q1 Standalone PAT at ₹4.38 Cr; Associate Revenue Reaches ₹218.59 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 13 Aug 2026, 04:41 PM

Thacker & Company reported standalone revenue of ₹1.26 Cr for Q1 FY27, maintaining a flat trajectory compared to the previous quarter. Standalone net profit stood at ₹4.38 Cr, significantly exceeding operational revenue due to the company's role as an investment vehicle. The consolidated performance is heavily driven by its associates, notably Pudumjee Paper Products, which reported a revenue of ₹218.59 Cr and a PAT of ₹83.72 Cr for the same period. With a market cap of ₹111 Cr, the company's valuation remains intrinsically linked to the performance of these associate holdings.

Standalone revenue for Q1 FY27 remained stable at ₹1.26 Cr, matching the March 2026 quarter performance.
Standalone net profit for the quarter was ₹4.38 Cr, representing a significant portion of the company's ₹19 Cr TTM PAT.
Associate company Pudumjee Paper Products reported substantial revenue of ₹218.59 Cr and PAT of ₹83.72 Cr.
Associate company AMJ Land Holdings Limited contributed a net profit of ₹3.37 Cr on a revenue of ₹16.50 Cr.
The company maintains a debt-free balance sheet with a net worth of ₹175 Cr as per latest annual data.

💡 Investors should focus on the operational performance and dividend policies of the associate companies, Pudumjee Paper Products and AMJ Land Holdings, as they are the primary value drivers. The standalone business remains a small-scale financial services operation.

Thacker & Company Ltd Schedules 148th AGM for August 25, 2026; E-voting Starts August 22

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Aug 2026, 12:45 PM

Thacker & Company Ltd has issued a formal notice to shareholders regarding the availability of its FY 2025-26 Annual Report. The 148th Annual General Meeting (AGM) is scheduled for August 25, 2026, via video conferencing. Shareholders must be on record by August 18, 2026, to be eligible for e-voting, which will take place between August 22 and August 24, 2026. The company is also emphasizing the mandatory update of KYC details for physical shareholders as per SEBI regulations.

148th Annual General Meeting (AGM) to be held on August 25, 2026.
Cut-off date for e-voting eligibility is August 18, 2026.
Remote e-voting period is active from 9:00 AM on August 22 to 5:00 PM on August 24, 2026.
Company reported a TTM PAT of ₹19 Cr against a TTM Revenue of ₹6 Cr, indicating significant non-operating income.
Market capitalization stands at ₹116 Cr with a low P/E ratio of 6.1.

💡 Shareholders should access the Annual Report via the provided BSE or company website links to review the full financial statements before the AGM on August 25.

Statutory Auditor M/s. P R Agarwal & Awasthi Resigns Effective August 13, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Aug 2026, 05:45 PM

Thacker & Company Ltd has announced the resignation of its statutory auditor, M/s. P R Agarwal & Awasthi, effective from the close of business on August 13, 2026. The resignation is attributed to the auditor's retirement from practice due to age, which is generally considered a benign reason. The outgoing auditor will complete the limited review for the quarter ended June 30, 2026, before their departure. The company, with a market cap of ₹116 Cr and TTM revenue of ₹6 Cr, will need to appoint a successor to ensure regulatory compliance.

Resignation of M/s. P R Agarwal & Awasthi effective from August 13, 2026
Auditor to complete the Limited Review Report for the quarter ended June 30, 2026
Reason for resignation is retirement from practice on account of age
Company maintains a high promoter holding of 68.89% as of March 2026
TTM revenue stands at ₹6 Cr against a market capitalization of ₹116 Cr

💡 Watch for the announcement of the new statutory auditor appointment to ensure smooth transition in financial oversight and governance.

Aug 13 Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 07 Aug 2026, 02:09 PM

Thacker & Company Ltd has scheduled a board meeting for August 13, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This is a routine regulatory filing. The company currently has a small revenue base of ₹6 Cr (TTM) but a significantly higher TTM PAT of ₹19 Cr, suggesting a business model heavily reliant on investment or other income. The trading window for designated persons is closed until August 15, 2026.

Board meeting scheduled for August 13, 2026
Financial results pertain to the quarter ended June 30, 2026
Trading window closed from July 1, 2026, to August 15, 2026
TTM PAT of ₹19 Cr is over 3x the TTM Revenue of ₹6 Cr

💡 Monitor the earnings release on August 13 to evaluate the sustainability of the company's high-margin investment-led profit model.

Thacker & Company Ltd Schedules 148th AGM for Aug 25, 2026; Reports FY26 Revenue of ₹5.76 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jul 2026, 02:53 PM

Thacker & Company Ltd has released its 148th Annual Report for FY 2025-26, scheduling its Annual General Meeting (AGM) for August 25, 2026. The company reported a total segment revenue of ₹5.76 crore for FY26, down from ₹6.32 crore in the previous year. The business remains heavily reliant on its investment portfolio, holding significant stakes in associate companies Pudumjee Paper Products (14.44%) and AMJ Land Holdings (15.74%). Despite low operational revenue, the company maintains a strong net worth of ₹175 crore, largely supported by these associate investments.

148th Annual General Meeting scheduled for August 25, 2026, via video conferencing.
Total segment revenue for FY26 recorded at ₹5.76 crore, a 8.8% decline from ₹6.32 crore in FY25.
Business Centre segment revenue decreased to ₹3.45 crore from ₹4.30 crore year-on-year.
Holds substantial associate investments valued at ₹103.29 crore in Pudumjee Paper Products and ₹32.21 crore in AMJ Land Holdings.
Consolidated profit includes ₹13.70 crore from Pudumjee Paper Products and ₹2.41 crore from AMJ Land Holdings.

💡 Investors should monitor the AGM on August 25, 2026, for updates on the 'Business Centre' segment and any potential changes in the investment strategy regarding its associate holdings.

Thacker & Company Ltd to Hold 148th AGM on August 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jul 2026, 02:46 PM

Thacker & Company Ltd has issued the notice for its 148th Annual General Meeting (AGM) scheduled for August 25, 2026. The meeting will focus on the adoption of FY26 audited financial statements and the re-appointment of Director Arunkumar Mahabirprasad Jatia. The company maintains a unique financial profile with a TTM PAT of ₹19 Cr significantly exceeding its TTM Revenue of ₹6 Cr, suggesting substantial non-operating income. The cut-off date for voting eligibility is set for August 18, 2026.

148th Annual General Meeting scheduled for August 25, 2026, via Video Conferencing.
Cut-off date for determining e-voting eligibility is August 18, 2026.
Book closure period for the register of members is from August 19 to August 25, 2026.
Agenda includes the re-appointment of Mr. Arunkumar Mahabirprasad Jatia (DIN: 01104256) as Director.
Company reported a high TTM PAT of ₹19 Cr on a small revenue base of ₹6 Cr.

💡 Investors should review the full Annual Report for FY26 to understand the source of the company's high net profit relative to its revenue, which likely stems from investment income or other financial activities.

Thacker & Company Ltd to hold 148th AGM on August 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Jul 2026, 03:29 PM

Thacker & Company Ltd has scheduled its 148th Annual General Meeting (AGM) for August 25, 2026, to be conducted via video conferencing. The company has also announced a book closure period from August 19 to August 25, 2026, to determine shareholder eligibility for the meeting. With a market capitalization of Rs 119 Cr and a low P/E of 6.2, the company maintains a high operating margin of 88.0%. This filing is a standard regulatory requirement and does not indicate any immediate change in business operations.

148th Annual General Meeting scheduled for August 25, 2026, at 11:30 A.M.
Book closure period set for 7 days from August 19, 2026, to August 25, 2026
Meeting to be held through Video Conferencing (VC) and Other Audio Visual Means (OAVM)
Company reports TTM PAT of Rs 19 Cr against a TTM revenue of Rs 6 Cr, indicating significant other income or investment gains

💡 Investors should review the upcoming AGM notice for specific resolutions, particularly regarding dividend declarations or changes in investment strategy, given the company's high cash-to-revenue profile.

View All 509945 Announcements on Live Market Tracking →