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.

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.