Declaration for un-modified opinion with Audit Report on Audited Standalone Financial Results for the fourth quarter and financial year ended on March 31, 2025
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The Board of Directors of Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) approved its audited standalone financial results for Q4 and FY ended March 31, 2025, with statutory auditors M/s Mahendra N. Shah & Co issuing an un-modified (clean) opinion. The company also announced several significant corporate actions: change of name from Adinath Exim Resources Limited to Trustedge Capital Ltd, increase in authorized share capital from Rs 500 lakhs to Rs 700 lakhs, allotment of 6,49,500 equity shares on a preferential basis (raising Rs 259.28 lakhs), transfer of Rs 21.42 lakhs to Capital Reserve, and adoption of the 'Trustedge Employee Stock Option Scheme 2025'. Multiple KMP changes occurred: Whole-Time Director Vidhi Shail Savla moved to a Non-Executive Director role, CFO Bharat Jethalal Suthar resigned due to health reasons, Jayprakash Labhshankar Raval was appointed as new CFO, and Pinkal Parva Mehta joined as Company Secretary. Total assets grew to Rs 2,311.81 lakhs (from Rs 2,035.45 lakhs) and equity rose to Rs 2,258.58 lakhs (from Rs 1,947.57 lakhs), supported by cash and equivalents of Rs 485.14 lakhs.
The clean audit opinion is a positive governance signal indicating no material misstatements in the financials. However, investors should monitor the simultaneous CFO exit (due to health reasons) and broader leadership reshuffle, alongside the rebranding and expansion into capital markets activities like ESOPs and preferential allotments, which signal strategic repositioning.