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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Trescon Limited has issued a Postal Ballot Notice seeking shareholder approval for entering into Material Related Party Transactions (RPTs) for FY 2025-2026, as required under SEBI Listing Regulations and Section 188 of the Companies Act. The transactions cover a wide range of related parties including Arihant Construction Co (₹50 Cr refund of security deposit), Renaissance Buildcon (₹100 Cr), Generic Engineering Construction and Project Limited (₹200 Cr work contracts), Golden ARC Ventures LLP (₹200 Cr investment), and several Triveni-group LLPs (₹100 Cr each) for goods, services, project acquisition, and capital contribution. Key Managerial Personnel remuneration is also being approved for ₹5 Cr. The Audit Committee has already approved these as being at arm's length and in the ordinary course of business.
Promoters and promoter group are barred from voting on this resolution, meaning the outcome rests with minority and institutional shareholders. The sheer scale of related party dealings (over ₹1,500+ Cr aggregate) may raise corporate governance questions for investors monitoring concentration risk and related-party exposure.