Appointment of CS Aishwarya Parekh as a Secretarial Auditor of the Company for a term of 5 years subject to approval of members in ensuing Annual General Meeting
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The board of Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) approved four items at its July 16, 2025 meeting. First, it proposed increasing the authorized share capital from Rs. 7 crore (70 lakh shares of Rs. 10 each) to Rs. 15 crore (1.5 crore shares of Rs. 10 each), subject to shareholder approval. Second, it approved amendments to the Memorandum of Association to align with the Companies Act, 2013, including deleting the 'Other Objects' clause and updating the liability clause. Third, Mr. Ketan Harsukhlal Sanghvi (DIN: 06531676) was re-appointed as Non-Executive Independent Director for a second 5-year term starting November 4, 2025. Fourth, CS Aishwarya Parekh was appointed as the Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. All major items are subject to shareholder approval at the upcoming AGM.
These are largely routine corporate housekeeping actions. The proposed doubling of authorized share capital could indicate future fundraising plans (rights issue, preferential allotment, or stock split), though no immediate issuance is announced. No negative governance signals — the director is confirmed as not debarred by SEBI and the new secretarial auditor is independent and unrelated to existing directors.