Trescon Limited , a real estate development company, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with key management appointments.

Financial Performance

The company reported mixed results for the second quarter:

On a standalone basis, Trescon Limited achieved a revenue from operations of Rs 764.34 lakhs for the quarter, with a total comprehensive income of Rs 15.28 lakhs. The company's standalone earnings per share stood at Rs 0.02 (basic and diluted).

However, the consolidated results show a different picture. While the consolidated revenue from operations was slightly higher at Rs 774.44 lakhs, the company reported a net loss after tax of Rs 60.81 lakhs for the quarter. This resulted in a negative consolidated earnings per share of Rs 0.09.

Management Appointments

Trescon Limited has announced three key appointments to its senior management, effective from November 12, 2025:

1. Mrs. Nidhi Laad: Appointed as Vice President, bringing extensive experience in administration and human resources.

2. Mr. Hasmukh Thakkar: Joins as Vice President, with over 35 years of experience in the civil and construction industry. Mr. Thakkar holds a Bachelor's degree in Civil Engineering.

3. Mr. Yogesh Mhatre: Takes on the role of Public Relations Officer (PRO), bringing expertise in liaising and public relations functions.

Balance Sheet Highlights

As of September 30, 2025, Trescon Limited's consolidated balance sheet shows:

The company's total assets have increased from Rs 18,371.02 lakhs as of March 31, 2025, to Rs 21,205.48 lakhs as of September 30, 2025, indicating growth in the company's asset base.

Cash Flow and Liquidity

The consolidated cash flow statement reveals:

• Net cash used in operating activities: Rs 84.80 lakhs
• Net cash from investing activities: Rs 146.53 lakhs
• Net cash from financing activities: Rs 58.73 lakhs

This resulted in a net increase of Rs 120.46 lakhs in cash and cash equivalents during the period.

The mixed financial results, coupled with strategic management appointments, suggest that Trescon Limited is navigating challenges while positioning itself for future growth in the real estate sector.

Trescon Limited 's Board of Directors has taken a significant step in reshaping its shareholder structure. On November 12, 2024, the board approved the reclassification of two individuals from the 'Promoter and Promoter Group' category to the 'Public' category.

Key Points of the Reclassification

• Individuals Involved: Mr. Vilas Pralhadrao Kharche and Mr. Rohit Vilas Kharche
• Reclassification: From 'Promoter and Promoter Group' to 'Public' category
• Board Approval Date: November 12, 2024
• Initial Request Date: August 21, 2024
• Current Shareholding: Zero shares (0.00% of total paid-up capital)
• Reason for Reclassification: Sale of entire shareholding in the company

Process and Approval

The reclassification process was initiated following the complete divestment of shares by Mr. Vilas Pralhadrao Kharche and Mr. Rohit Vilas Kharche. As of the request date, both individuals held no shares in Trescon Limited, effectively reducing their stake to 0.00% of the company's total paid-up capital.

Regulatory Compliance

The board's decision aligns with regulatory requirements:

1. Stock Exchange Approval: The reclassification is subject to approval from BSE Limited.
2. Shareholder Approval: Not required in this case, as the outgoing promoters do not hold more than one percent of the total voting rights in the company.

This move represents a significant change in Trescon Limited's ownership structure, reflecting the company's evolving shareholder composition. The reclassification, once approved by the BSE, will formally transition these former promoters to public shareholders, potentially impacting the company's governance and investor relations dynamics.