Appointment of Managing Director.
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The board of Trustedge Capital Ltd (formerly Adinath Exim Resources) approved several major actions. Mr. Manoj Shantilal Savla, an existing promoter and Chairman, was re-designated as Chairman & Managing Director for 3 years from April 10, 2025. The company will change its name to Trustedge Capital Limited and increase its authorised share capital from Rs. 5.5 crore to Rs. 7 crore. A preferential issue of 8,85,000 equity shares at Rs. 57 per share (a premium of Rs. 47) was approved, raising Rs. 5.04 crore entirely from promoter group allottees — all members of the Savla family. The board also adopted the TEDGE ESOS 2025 employee stock option scheme with a pool of 10 lakh options. An EGM has been scheduled for May 9, 2025, to seek shareholder approval for all these items.
The promoter family's combined holding will rise sharply after the preferential allotment, with Avani Savla moving to 11.44% and Manoj Savla (Family Trust) to 8.66%, increasing promoter control. Existing minority shareholders should watch for dilution once the shares are issued, and note that the MD re-designation concentrates executive authority with the founding promoter family. The name change and capital raise suggest a strategic pivot toward capital-market or financial-services activities.