Change of Name of the Company to "Trustedge Capital Limited".
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The Board of Adinath Exim Resources Limited has approved changing the company's name to 'Trustedge Capital Limited', subject to shareholder approval. The authorised share capital will be raised from Rs. 5.5 crore (55 lakh equity shares of Rs. 10) to Rs. 7 crore (70 lakh shares of Rs. 10). The Board also approved a preferential issue of 8,85,000 equity shares to five members of the promoter group at Rs. 57 per share (a Rs. 47 premium over face value), raising Rs. 5.04 crore in total. Additionally, the company adopted the 'Trustedge Employee Stock Option Scheme 2025' with a pool of up to 10 lakh options, and re-designated Mr. Manoj Shantilal Savla as Chairman & Managing Director for three years. An EGM has been scheduled for May 9, 2025, to seek shareholder approval on these matters.
Existing shareholders will see dilution as the promoter group's stake increases substantially (combined promoter shareholding rises meaningfully post-issue), though this signals promoter confidence in the company's new capital-focused direction. The name change to 'Trustedge Capital' suggests a strategic pivot toward financial/investment services, and the ESOP scheme aims to retain talent aligned with this new identity.