Shareholders of Trescon Limited have approved a material related-party transaction and authorized the payment of remuneration to its top two executives for the financial years 2026–2027 and 2027–2028. The resolutions were passed via a postal ballot process that concluded on August 06, 2026, with the results disclosed on August 08, 2026. This approval secures the compensation framework for Chairman and Managing Director Dinesh Patel and Whole-Time Director Kishor Patel while clearing the path for the specified related-party dealings.

The voting exercise was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Vijay Yadav (FCS 11990), Partner at M/s. AVS & Associates, served as the independent scrutinizer for the process. The cut-off date for determining shareholder eligibility was July 03, 2026, with the remote e-voting window open from July 08, 2026, to August 06, 2026. Central Depository Services (India) Limited (CDSL) provided the e-voting facility.

Three resolutions were put to the vote. The first, an ordinary resolution, sought approval for material related-party transactions. The second and third, special resolutions, approved the remuneration for Dinesh Patel (DIN: 00462565) and Kishor Patel (DIN: 01131783), respectively. All three resolutions were duly passed by the members with the requisite majority.

Participation in the ballot was driven exclusively by public non-institutional holders. Promoter and promoter group entities, holding 3,42,38,113 shares, did not cast any votes. Similarly, public institutional holders with 8,25,000 shares abstained from voting. Public non-institutional holders, representing 3,51,36,887 shares, polled 36,44,773 votes, accounting for 5.19% of the total outstanding equity shares of 7,02,00,000.

The high level of support indicates strong alignment between the board’s proposals and the retail investor base. No invalid votes were recorded during the process. The scrutinizer’s report, dated August 07, 2026, confirmed that the voting procedure adhered to the Companies Act, 2013, SEBI Listing Regulations, and Secretarial Standard on General Meetings (SS-2).

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.