Trescon Limited has sought shareholder approval through a postal ballot for material related party transactions (RPTs) estimated at ₹140 crore and the remuneration of its senior directors for the financial years 2026–2027 and 2027–2028. The remote e-voting facility opened on July 08, 2026, at 9:00 a.m. IST and will close on August 06, 2026, at 5:00 p.m. IST. These resolutions are critical for the company to maintain operational continuity and adhere to regulatory requirements regarding transactions with related parties and managerial remuneration in the event of inadequacy of profits.

The Board of Directors has identified five specific related party transactions requiring approval. These transactions include investments and capital contributions to entities such as Golden ARC Ventures LLP and Triveni Housing Associates LLP, as well as the transfer of development rights and borrowing of funds. The Audit Committee reviewed and approved these proposals on May 12, 2026, confirming that the transactions are on an arm’s length basis and in the ordinary course of business.

Related Party Transactions

The proposed RPTs involve a total estimated value of ₹140 crore. The transactions are spread across several entities under common management or control, including Golden ARC Ventures LLP, Triveni Dwellwell Realtors LLP, and Triveni Lifestyle Private Limited. The company asserts that these transactions will facilitate strategic investments, efficient utilization of development rights, and access to necessary funding for business operations.

Director Remuneration

Shareholders are also asked to approve the remuneration for Mr. Dinesh Patel, Managing Director, and Mr. Kishor Patel, Whole-Time Director. The approval is sought for the remaining period of their tenure, ending March 15, 2028. This resolution is necessary because the previous approval for paying minimum remuneration in case of inadequacy of profits or losses expires after three years. The new approval will cover FY 2026–2027 and FY 2027–2028 under the same terms and conditions previously approved by members.

The remuneration structure for both directors includes a minimum of ₹3,00,000 per annum and a maximum limit of ₹25,00,000 per annum, subject to compliance with Schedule V of the Companies Act, 2013. The Board recommends the passage of these resolutions as special resolutions.

Voting Process and Scrutiny

Mr. Vijay Yadav, Partner of M/s. AVS & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure the postal ballot process is conducted fairly. The voting results will be announced on or before August 08, 2026. Shareholders holding shares in physical form are encouraged to dematerialize their holdings to facilitate seamless participation in the e-voting process.

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):

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):

Additionally, the report includes unaudited financial information for one subsidiary, summarised below:

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 .