Trescon Ltd — Updates, 30-07-2025: Company Update

Trescon Limited has forfeited 100 partly paid equity shares with ₹5 unpaid per share and 13,86,500 shares with ₹7.5 unpaid per share, totaling over ₹1.03 Cr in unpaid calls. This action, approved by the Board, occurred because shareholders failed to pay their final call money from the October 2024 IPO. These forfeited shares are no longer valid. The company warns the public not to trade them, as any such transaction is at the buyer's own risk. This move simplifies the company's capital structure by removing non-compliant shares.