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Thakkers Developers Ltd.

BSE: 526654 Sector: Infrastructure
NSE: N.A. ISIN Code: INE403F01017
BSE 00:00 | 17 May 103.30 -0.70
(-0.67%)
OPEN

106.50

HIGH

106.50

LOW

103.00

NSE 05:30 | 01 Jan Thakkers Developers Ltd
OPEN 106.50
PREVIOUS CLOSE 104.00
VOLUME 862
52-Week high 185.00
52-Week low 58.25
P/E 3.34
Mkt Cap.(Rs cr) 93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 106.50
CLOSE 104.00
VOLUME 862
52-Week high 185.00
52-Week low 58.25
P/E 3.34
Mkt Cap.(Rs cr) 93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Thakkers Developers Ltd. (THAKKERSDEVELP) - Chairman Speech

Company chairman speech

Dear Stakeholders

I hope that you your families and loved ones are safe and doing well. I write to youamidst uncertain times. As I write this we are in the middle of the biggest crisis wehave seen in our lifetimes the COVID-19 pandemic. So far it has created unprecedentedsocioeconomic disruption fear and the tragic loss of human life. The collapse in economicactivity this time is likely at a level unseen in previous recessions. The exit pathremains a vaccine and till then it is likely to be a bumpy ride with a continuousstop-start rhythm and strict health protocols. Having said that most of us have livedthrough economic crises before. Each time the agony has been different but each time wehave adapted and bounced back. I am hopeful that like all previous crises the COVID-19calamity will also pass and in time afresh wave of business energy will be unleashed.

During these extraordinary times of the COVID-19 pandemic our Company has beencontributing positively to the social and financial well-being of all our stakeholders.

While we are pleased with the year gone by it is clear the current year will bring newchallenges and opportunities. Resilience and agility will be critical to ensure we emergestronger from this crisis. FY21 is likely to be the first year in recent memory whereIndia's GDP growth is negative. The crisis is leading to significant amounts of job cutsand salary reductions. This will certainly impact demand for high value purchases such asresidential real estate. Despite these headwinds we believe we are well placed tomaintain ourgrowth momentum in the currentfinancial year. I'm saying this with fullconfidence in the rock hard foundation on which Thakkers's glorious tradition has beenstanding firmly over a long span of nearly six decades.

You will be happy to know that we have launched the two commercial at UntwadiKarmayogi Nagar & one residential project at Pandit Colony. We are soon launchingSeven mega projects. Four of them are commercial at (1) Gangapur Road (2) Near ABBCircle (3) Sawarkar Nagar (4) College Road. Two Residencial will come upat (1) Near CityCentre Mall (2)Pathardi.

The team at Thakkers is truly exceptional and passionate about their opportunity to beleading real estate developer. They are driven by your company's commitment to excellencesustainability and diversity. I am grateful to each of them for their exceptionalcommitment and ambition. We would like to thank our customers Financial InstitutionsNashik Municipal Corporation Government of Maharashtra Revenue Department Banks etc fortheir support. Finally we owe thanks to you our shareholders for your continued beliefin Thakkers.

Stay Home Stay Safe

JITENDRA M. THAKKER

DIN 00082860

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