Trescon Limited Files Revised Audit Report and Newspaper Ad for FY26 Audited Results
Trescon Limited submitted a revised consolidated audit report correcting the subsidiary name from 'Golden Arch LLP' to 'Golden ARC Ventures LLP' (LLPIN: AAG-9517) and filed newspaper advertisements of its audited financial results for Q4 and FY26 in Financial Express and Mumbai Lakshadeep on May 14, 2026. Standalone FY26 total revenue was Rs. 1795.47 Lakhs with net profit after tax of Rs. 276.92 Lakhs, while consolidated FY26 total revenue was Rs. 1713.41 Lakhs with net profit after tax of Rs. 219.60 Lakhs. The auditors highlighted a restatement under Ind AS-8 relating to goodwill, capital reserve, and prior period errors for FY25 comparatives.
*this image is generated using AI for illustrative purposes only.
Trescon Limited has filed a revised consolidated audit report with BSE Limited for the quarter and year ended March 31, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revision was necessitated by an inadvertent error in the original consolidated audit report, where one of the company's subsidiaries was incorrectly identified. The corrected report was submitted on May 13, 2026, and signed by Company Secretary Mandar Chavan. Subsequently, on May 16, 2026, the company also filed copies of newspaper advertisements of its audited financial results for the quarter and year ended March 31, 2026, published in Financial Express (English) and Mumbai Lakshadeep (Marathi) on May 14, 2026, pursuant to Regulation 30 read with Schedule III and Regulation 47 of the SEBI (LODR) Regulations, 2015.
Nature of the Correction
In the original consolidated audit report, the subsidiary was inadvertently referred to as Golden Arch LLP. The correct name of the entity is Golden ARC Ventures LLP (LLPIN: AAG-9517). No other changes were indicated in the revised submission. The correction is limited to the name of the subsidiary as it appears in the consolidated audit report.
Subsidiaries Covered in the Consolidated Results
The revised audit report, prepared by NAMITA & CO., Chartered Accountants (Firm Reg. No. 151040W), covers the consolidated financial results of Trescon Limited and its subsidiaries for the period from April 1, 2025 to March 31, 2026. The following entities are included in the consolidated results:
- Golden Arc Ventures LLP
- Triveni Housing Associates LLP
- Triveni Dwellwell Realtors LLP
Standalone and Consolidated Financial Results
The extract of standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, as published in the newspaper advertisements, is summarised below (figures in Rs. Lakhs):
| Metric: | Standalone Q4 FY26 (Audited) | Standalone Q4 FY25 (Audited) | Standalone FY26 (Audited) | Standalone FY25 (Audited) |
|---|---|---|---|---|
| Total Revenue: | 1422.02 | 1055.99 | 1795.47 | 4647.49 |
| Total Expenses: | 1506.36 | 967.09 | 1429.32 | 4252.83 |
| Net Profit Before Tax: | -84.34 | 88.90 | 366.15 | 394.66 |
| Net Profit After Tax: | -96.36 | 44.21 | 276.92 | 228.00 |
| Total Comprehensive Income (after tax): | -96.36 | 44.21 | 276.92 | 228.00 |
| Equity Share Capital (Paid up): | 7110.00 | 7077.17 | 7110.00 | 7110.00 |
| Reserves (excl. revaluation reserve): | — | — | — | 4024.90 |
| EPS – Basic and Diluted (Rs.): | -0.14 | 0.06 | 0.39 | 0.32 |
| Metric: | Consolidated Q4 FY26 (Audited) | Consolidated Q4 FY25 (Audited) | Consolidated FY26 (Audited) | Consolidated FY25 (Audited) |
|---|---|---|---|---|
| Total Revenue: | 1411.22 | 992.08 | 1713.41 | 4442.60 |
| Total Expenses: | 1522.51 | 1024.14 | 1454.57 | 4383.08 |
| Net Profit Before Tax: | -111.29 | -32.06 | 258.83 | 59.52 |
| Net Profit After Tax: | -214.88 | -3.62 | 219.60 | -96.32 |
| Total Comprehensive Income (after tax): | -214.88 | -3.62 | 219.60 | -96.32 |
| Equity Share Capital (Paid up): | 7110.00 | 7077.17 | 7110.00 | 7110.00 |
| Reserves (excl. revaluation reserve): | — | — | — | 6358.42 |
| EPS – Basic and Diluted (Rs.): | -0.30 | -0.01 | 0.31 | -0.14 |
Key Financial Data from the Audit Report
The auditor's report provides subsidiary-level financial details as part of the "Other Matters" section. The following table summarises the financial information disclosed for the audited subsidiaries (M/s. Golden Arc LLP & M/s. Triveni Housing Associates LLP):
| Metric: | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|
| Total Assets: | Rs. 11415.82 Lakhs | — |
| Total Revenues: | Rs. 65.58 Lakhs | Rs. 130.20 Lakhs |
| Net Profit/(Loss) After Tax: | Rs. 24.67 Lakhs | Rs. 91.81 Lakhs |
| Total Comprehensive Income/(Loss): | Rs. 24.67 Lakhs | Rs. 91.81 Lakhs |
Additionally, the report includes unaudited financial information for one subsidiary, summarised below:
| Metric: | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|
| Total Assets: | Rs. 2182.74 Lakhs | — |
| Total Revenues: | Rs. 33.95 Lakhs | Rs. 108.90 Lakhs |
| Net Profit/(Loss) After Tax: | Rs. (132.92) Lakhs | Rs. (184.10) Lakhs |
| Total Comprehensive Income/(Loss): | Rs. (132.92) Lakhs | Rs. (184.10) Lakhs |
The auditors noted that the unaudited standalone financial statements of this subsidiary are not material to the Group, and the audit opinion on the consolidated financial results is not modified in respect of these matters.
Emphasis of Matter and Auditor's Opinion
The auditors drew attention to Note No. 4 in the consolidated financial results, which pertains to a restatement carried out by management in accordance with Ind AS-8 (Accounting Policies, Changes in Accounting Estimates and Errors). The restatement relates to comparative financial results for the year ended March 31, 2025, on account of changes in estimates of goodwill and capital reserve, as well as prior period errors. The auditors confirmed that their opinion is not modified on this matter.
The audit was conducted by CA Namita Agrawal, Proprietor, NAMITA & CO., Chartered Accountants, Mumbai, with UDIN: 26188559LMMEIJ4467, dated May 12, 2026. The consolidated financial results are presented in accordance with Regulation 33 of the SEBI Listing Regulations and applicable Indian Accounting Standards. The full format of the financial results is available on the websites of the stock exchanges and on the company's website at https://www.trescon.com/investors-section/financial-results.html .
Historical Stock Returns for Trescon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.27% | +1.55% | -0.65% | +14.66% | -15.20% | -82.75% |
How might the Ind AS-8 restatement of goodwill and capital reserve estimates for FY25 impact Trescon's future acquisition strategy and valuation metrics?
Given the consolidated net loss of Rs. 214.88 Lakhs in Q4 FY26 driven largely by the unaudited loss-making subsidiary, what restructuring or turnaround measures could management implement to improve subsidiary-level profitability?
With standalone revenue declining sharply from Rs. 4647.49 Lakhs in FY25 to Rs. 1795.47 Lakhs in FY26, what revenue recovery initiatives or new project pipelines is Trescon likely to pursue in FY27?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
