Description

BSE circular regarding forfeiture of equity shares by Trescon Limited for 78 shareholders holding 15,400 shares totaling Rs. 38,500.

Summary

Trescon Limited (CIN: L70100MH1995PLC322341) has forfeited equity shares from 78 shareholders for non-payment. The total forfeiture involves 15,400 shares with a total value of Rs. 38,500, representing an amount paid per share of Rs. 2.5 (except for the first shareholder who paid Rs. 5 per share for 100 shares).

Key Points

  • Total shareholders affected: 78 individuals
  • Total shares forfeited: 15,400 shares
  • Total amount involved: Rs. 38,500
  • Standard amount paid per share: Rs. 2.5 (Rs. 500 per allotment of 200 shares)
  • One exception: Folio 0000834 (Fulchand Yadav) - 100,000 shares at Rs. 5 per share totaling Rs. 250,000
  • Company registered office: 301, Third Floor, Skyline Wealth Space, Nathani Road, Vidyavihar (West), Mumbai - 400 086

Regulatory Changes

No regulatory changes announced. This is a corporate action disclosure.

Compliance Requirements

This is an informational disclosure by Trescon Limited to BSE regarding the forfeiture of shares. The company has complied with disclosure requirements under listing regulations for corporate actions.

Important Dates

  • Circular Date: October 28, 2025
  • Specific forfeiture date not mentioned in the circular

Impact Assessment

Market Impact: Minimal. The forfeiture affects a small number of shareholders and represents a routine corporate action for non-payment of calls on shares.

Shareholder Impact: 78 shareholders have lost their shareholding in Trescon Limited due to non-payment. The forfeited shares may be reissued by the company.

Operational Impact: This is an administrative action with no operational impact on the company’s business activities. The company’s share capital structure will be adjusted to reflect the forfeited shares.

Impact Justification

Routine corporate action affecting limited number of shareholders with minimal market impact. Forfeiture appears to be for non-payment of calls on partly paid shares.