Adoption of Employee Stock Options Scheme 2025.
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The board of Adinath Exim Resources Limited approved several key items: (1) adoption of 'Trustedge Employee Stock Option Scheme 2025' (TEDGE ESOS 2025) with a pool of 10,00,000 stock options for eligible employees, (2) preferential allotment of up to 8,85,000 equity shares at Rs. 57 per share (Rs. 47 premium) to five promoter group members, raising approximately Rs. 5.04 crore, (3) change of company name to 'Trustedge Capital Limited', (4) increase in authorized share capital from Rs. 5.5 crore to Rs. 7 crore, and (5) re-designation of Mr. Manoj Shantilal Savla as Chairman & Managing Director for 3 years. An EGM is scheduled for May 9, 2025, to seek shareholder approval for these items.
For shareholders, this signals promoter confidence through fresh equity infusion at a premium and a management overhaul with a new identity as 'Trustedge Capital.' The ESOP scheme will lead to potential future dilution of up to 10 lakh shares. The preferential issue is at Rs. 57 per share, which would raise the promoter group's combined holding from about 35% to roughly 45% post-allotment.