Trescon Ltd

Trescon Limited (Formerly Pushpanjali Floriculture Limited) is a public limited company incorporated in the year September 20, 1995. The company is engaged in providing services in the areas of Information Technology and allied operations on its own or joint ventures with others. During the year 2019, Dinesh Ravilal Patel (Acquirer 1), Kishor Ravilal Patel (Acquirer 2), Sanjay Navin Mehta (Acquirer 3) and Vilas Pralhadrao Kharche (Acquirer 4) along with Nayana Ravilal Patel, Ranjan Dinesh Patel, Hemlata Manish Patel, Trupti Mitul Patel, Viraj Dinesh Patel, Ravilal Shivgan Patel HUF, Krupa Manish Patel (hereinafter referred to as PACs of Acquirer1), Kishor Ravilal Patel HUF, Rajesh Ravilal Patel, Ravilal Keshra Patel, Hiralal Keshra Patel, Ratilal Keshra Patel and Harilal Keshra Patel (hereinafter referred to as PACs of Acquirer. 2) Nemish Sanjay Mehta (hereinafter referred to as PACs of Acquirer. 3) Rohit Vilas Kharche (hereinafter referred to as PACs of Acquirer 4) (PACs of Acquirer 1,2,3 and 4 hereinafter collectively referred as Persons acting in concert PAC's) had announced a voluntary Open offer to the Shareholders of Trescon Limited pursuant to Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto to acquire 1,88,46,516 equity shares, representing 26% of the total paid-up Share capital of the Company at a price of Rs 14/- per share. The offers was made by acquirers along with PACs, the tender period under the offer was from Monday, December 10, 2018 to Friday, December 21, 2018. The Acquirers received NIL shares during the open offer period from the existing shareholders of the Company. During the year 2019, there was an increase in the paid- up equity capital of Company on account of preferential allotment of 3,93,07,300 Equity Shares as approved by the Members of the Company in the Extra Ordinary General Meeting of the Company held on 24th October 2018.