Description

BSE announces forfeiture of 78 equity shares (15,600 shares total) of Trescon Limited across multiple shareholders due to non-payment of call money.

Summary

BSE has announced the forfeiture of equity shares of Trescon Limited (CIN: L70100MH1995PLC322341) affecting 78 shareholders. The total forfeiture involves shares across multiple folio numbers, with shareholders having paid between Rs 2.5 to Rs 5 per share as call money before forfeiture. The company’s registered office is located at 301, Third Floor, Skyline Wealth Space, Nathani Road, Vidyavihar (West), Mumbai - 400 086.

Key Points

  • Total of 78 shareholders affected by share forfeiture
  • Shares forfeited range from 100 to 200 shares per shareholder
  • Total amount paid per share ranges from Rs 2.5 to Rs 5
  • Folio numbers range from 0000834 to 0000911
  • Distinctive numbers assigned for each forfeited share lot
  • Total shares forfeited: approximately 15,600 shares (78 shareholders × average 200 shares)
  • Total value forfeited: approximately Rs 39,000 (based on paid-up amounts)

Regulatory Changes

No regulatory changes announced. This is a corporate action disclosure as per existing regulations.

Compliance Requirements

  • Trescon Limited must comply with share forfeiture procedures under Companies Act, 2013
  • Company must update share capital records and register of members
  • Forfeited shares may be reissued or cancelled as per company’s articles of association
  • BSE disclosure requirements for material corporate actions have been fulfilled

Important Dates

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

Impact Assessment

Market Impact: Low - The forfeiture affects a small number of shares relative to typical market volumes. The action is administrative in nature and relates to non-payment of call money by shareholders.

Shareholder Impact: Medium for affected shareholders - Loss of ownership rights and paid-up capital (Rs 250-500 per shareholder) for the 78 individuals listed. Shareholders include various individuals with surnames Shah, Barot, Gohil, Sodha, Panchal, Patel, Dave, Upadhyay, Gamit, and others.

Operational Impact: Minimal - Routine corporate action for capital restructuring. The company can now reissue these forfeited shares to raise additional capital or cancel them to reduce authorized capital.

Liquidity Impact: Negligible - The total number of shares forfeited (approximately 15,600) represents a very small fraction of typical daily trading volumes for listed companies.

Impact Justification

Share forfeiture affects 78 shareholders with relatively small holdings (100-200 shares each, Rs 250-500 paid per share). Limited market impact given small total volume of 15,600 shares forfeited.