Newspaper advertisement(S)- Notice of Forfeiture of partly-paid up Equity Shares
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Awaiting price reaction for this filing.
Trescon Limited published a notice in Financial Express (English) and Mumbai Lakshadeep (Marathi) on July 30, 2025, regarding forfeiture of partly paid-up equity shares. The forfeiture covers 13,86,500 equity shares of face value Rs. 10 each, on which only Rs. 5 per share was paid up, following a First and Final Call Money Notice issued on August 20, 2024. Shareholders who failed to pay the remaining Rs. 5 per share call money were given notice on July 23, 2025, and their shares are now being forfeited as per the company's Articles of Association. The forfeiture process has been initiated because the unpaid call money was not received despite the earlier call notice.
This is primarily relevant to shareholders who failed to pay the balance call money — their shares will be cancelled/forfeited, meaning they lose their investment in these partly paid-up shares. The action does not materially affect Trescon's overall equity base or stock price, as only 13.86 lakh partly paid shares are involved.