Description

BSE announces forfeiture of 7,800 equity shares of Trescon Limited belonging to 78 shareholders due to non-payment.

Summary

BSE has disclosed the forfeiture of equity shares of Trescon Limited (CIN: L70100MH1995PLC322341). A total of 7,800 equity shares held by 78 shareholders have been forfeited due to non-payment of outstanding amounts. The forfeited shares had varying amounts paid per share ranging from Rs. 2.5 to Rs. 5.

Key Points

  • Total of 78 shareholders affected by the forfeiture action
  • Individual shareholdings forfeited range from 100 to 200 shares per shareholder
  • Amount paid per share varies: Rs. 2.5 for most shares, Rs. 5 for one shareholder
  • Total forfeited amount ranges from Rs. 250 to Rs. 500 per folio
  • Shareholders include individuals such as Fulchand Yadav, Ajitchandra Shah, various members of Shah, Gamit, Dani, Barot, Gohil, Sodha, and other families
  • Distinctive numbers assigned range from 0000834 to 0000911

Regulatory Changes

No regulatory changes announced. This is a disclosure of a corporate action taken by Trescon Limited.

Compliance Requirements

Affected shareholders have lost their rights to the forfeited shares. The company has completed the forfeiture process in accordance with applicable provisions of the Companies Act and the company’s Articles of Association.

Important Dates

  • Circular Date: October 28, 2025
  • No specific future dates mentioned for re-issuance or other actions

Impact Assessment

Market Impact: Minimal. The forfeiture involves a small number of shares (7,800 total) distributed among 78 individual shareholders, representing a negligible portion of the company’s equity.

Shareholder Impact: Affected shareholders lose ownership rights and any amounts previously paid (Rs. 250-500 per shareholder). The company may re-issue these forfeited shares in the future.

Company Impact: Trescon Limited has cleared its books of shareholders who failed to meet payment obligations, potentially improving its shareholder registry quality. The company is registered in Mumbai with registered office at Skyline Wealth Space, Vidyavihar (West).

Impact Justification

Share forfeiture affects only 78 specific shareholders with relatively small holdings (100-200 shares each). Limited market-wide impact as this is a company-specific corporate action involving partial payment default.