Amendment in MOA pursuant to increase in authorised share capital and to bring MOA of the company in line with provisions of Companies Act, 2013 subject to approval of members in ensuing AGM.
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Trustedge Capital Ltd's board approved increasing the authorised share capital from Rs. 7 crore (70 lakh equity shares of Rs. 10 each) to Rs. 15 crore (1.5 crore equity shares of Rs. 10 each), more than doubling the capital headroom. The company also proposes amending its Memorandum of Association to align with the Companies Act, 2013, by removing the 'Other Objects' clause and updating the liability clause. Mr. Ketan Harsukhlal Sanghvi was re-appointed as a Non-Executive Independent Director for a second 5-year term starting November 4, 2025. Additionally, CS Aishwarya Parekh was appointed as the Secretarial Auditor for a 5-year term covering FY2025-26 to FY2029-30. All items remain subject to shareholder approval at the upcoming AGM.
The authorised capital increase signals potential future fundraising plans (such as a rights issue, preferential allotment, or further share issuance), though no actual issue has been announced yet. For existing shareholders, this is preparatory corporate housekeeping with no immediate dilution, but any future issuance at a discount could affect share value.