Submission of Revised Consolidated Audit Report for the year ended March 31,2026
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Trescon Ltd has submitted a revised consolidated audit report for FY 2026 to correct an administrative error where a subsidiary was incorrectly named as 'Golden Arch LLP' instead of the correct name 'Golden ARC Ventures LLP'. The audit report covers three subsidiaries: Golden Arc Ventures LLP, Triveni Housing Associates LLP, and Triveni Dwellwell Realtors LLP. Two subsidiaries showed combined assets of Rs. 11,415.82 Lakhs with revenues of Rs. 130.20 Lakhs and net profit of Rs. 91.81 Lakhs for the year. One subsidiary remains unaudited with revenues of Rs. 108.90 Lakhs but reported a net loss of Rs. 184.10 Lakhs for the year. The auditor's report includes an 'Emphasis of Matter' noting restatement of prior year (FY 2025) comparative figures due to changes in goodwill and capital reserve estimates, along with prior period error corrections.
This is a routine correction filing with limited direct impact on the stock. However, the restatement of prior period results due to accounting changes and errors may attract regulatory scrutiny, and investors should note the significant losses from the unaudited subsidiary.