Trescon Limited , a real estate property development company, has announced its financial results for the first quarter ended June 30, 2025. The company's Board of Directors approved the unaudited financial results at a meeting held on August 7, 2025.

Standalone Performance

On a standalone basis, Trescon Limited reported a positive performance for Q1 FY2026:

• Revenue from operations stood at Rs 420.82 crore
• Net profit reached Rs 35.07 crore
• Basic earnings per share (EPS) was Rs 0.05

Consolidated Results

The consolidated financial results, however, painted a different picture:

• Revenue from operations was Rs 449.53 crore
• The company posted a net loss of Rs 1.67 crore after accounting for non-controlling interests

Financial Highlights

Corporate Updates

• The 30th Annual General Meeting (AGM) is scheduled for September 26, 2025, at 4:00 p.m. IST via video conferencing.
• The company's paid-up share capital has increased to Rs 71.10 crore following the conversion of partly paid shares.
• The Board approved the forfeiture of 13,86,600 partly paid-up equity shares due to non-payment of the first and final call money.

Segment Information

Trescon Limited's business activities fall within a single segment, namely 'Development of Real Estate Property'. The financial results reflect this singular focus in accordance with Ind AS 108 "Operating Segments".

Subsidiaries

The consolidated results include the performance of Trescon's subsidiaries:

• Golden Arc Venture LLP
• Triveni Housing Associates LLP
• Triveni Dwellwell Realtors LLP

These subsidiaries collectively contributed to a total revenue of Rs 53.54 lakh and a net loss after tax of Rs 14.40 lakh for the quarter.

The company's management and auditors have conducted a limited review of the financial results, which have been prepared in accordance with the Indian Accounting Standards and SEBI regulations. The full detailed results are available on the company's website and have been filed with the stock exchange.

Investors and stakeholders can expect more detailed discussions on the company's performance and future outlook during the upcoming Annual General Meeting in September.

Trescon Limited has taken decisive action regarding unpaid call money on its partly paid-up equity shares. The company has forfeited 13,86,600 partly paid-up equity shares following shareholders' failure to meet the payment deadline for call money.

Forfeiture Details

The forfeiture, approved by the Board of Directors at their meeting on May 20, 2025, includes:

• 100 shares with unpaid call money of ₹5.00 per share
• 13,86,500 shares with unpaid call money of ₹7.50 per share

All forfeited shares have a face value of ₹10.00 each.

Timeline of Events

Implications for Shareholders

The forfeiture has significant consequences for the affected shareholders:

• All interests, claims, and demands against the company in respect of the forfeited shares are extinguished.
• Shareholder rights related to these shares cease to exist.

Company's Position

Trescon Limited now has full control over the forfeited shares. The company can:

• Sell
• Re-issue
• Allot
• Dispose of
• Cancel these shares at its discretion

Any action taken will be subject to compliance with applicable laws, rules, and regulations.

Looking Ahead

The forfeiture of these shares may impact Trescon Limited's share structure and potentially its market capitalization. Investors and market analysts will likely be watching closely to see how the company handles these forfeited shares in the coming months.

In related news, Trescon Limited has scheduled a Board of Directors meeting for August 7, 2025, to consider and approve the Un-Audited Financial Results for the quarter ended June 30, 2025. This upcoming meeting may provide further insights into the company's financial position and strategies following the share forfeiture.