TO THE SHAREHOLDERS
Dear Shareholders,
It is with great pleasure that I welcome you to the Thirty-Seventh Annual General
Meeting of Thakkers Developers Ltd. Although we are meeting virtually , the sense of
connection and appreciation for your ongoing support remains as strong as ever.
In recent years, India has increasingly asserted itself as a key player in the global
economic landscape. Amidst a backdrop of global volatility and economic uncertainty, our
country has emerged as a pillar of stability and opportunity. Our real estate sector, in
particular, has demonstrated remarkable resilience, entering a promising phase of recovery
and expansion despite last year's challenges.
At Thakkers Developers, we have embraced this resilience through innovation and
adaptability. Our operating cash flow remains strong, a clear indicator of our operational
efficiency and scale. This achievement reflects our ability to weather disruptions and
emerge stronger, thanks to your unwavering trust and support over the years.
Looking back on the past year, we have several accomplishments to celebrate. We
successfully completed the Thakkers M Square project, featuring over 100 commercial
spaces. Our portfolio continues to thrive with five ongoing major projects, including
commercial developments on Gangapur Road near ABB Circle, and College Road, as well as
three residential projects in downtown town of Nashik.
We are also excited to announce upcoming new plotted layouts within the corporation
limits. Despite challenging global conditions, we have maintained steady new sales
bookings and are optimistic about expanding our footprint in the coming year.
Additionally, we are proud to introduce an ultra-luxurious residential and commercial
project near Gangapur Road.
Our journey has always been aligned with our guiding principle: Together Towards
Prosperity. Over the years, we have had the privilege of witnessing the prosperity of
countless families and businesses who trusted Thakkers for their property needs. From
first-time homebuyers to seasoned investors, many who bought property from Thakkers have
not only found a place to call home but have also thrived—building brighter futures
and expanding their opportunities.
Our commitment to excellence extends beyond our projects to our most valuable
asset—our people. We are investing in their development by reskilling them with the
latest digital competencies and promoting agile work practices. This investment is
essential for maintaining our leadership and driving innovation in a rapidly evolving
industry.
I would like to extend my heartfelt gratitude to our customers, financial institutions,
Nashik Municipal Corporation, the Government of Maharashtra, the Revenue Department,
banks, and all our partners for their invaluable support. Most importantly, I wish to
thank you, our shareholders, for your continued faith in Thakkers Developers Ltd.
Together, we look forward to a future filled with growth, prosperity, and success.
Thankyou.
Jitendra Manohardas Thakker
Chairman
DIN 00082860