Disclosure under Regulation 30 for E-Voting Information and Cut-off dates for 01/2025-26 EGM.
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Adinath Exim Resources Ltd (BSE: 532056) has called an EGM on May 9, 2025 (via video conferencing) to seek shareholder approval for nine key items. The biggest proposals include changing the company's name to 'Trustedge Capital Limited', raising authorized share capital from ₹5.5 crore to ₹7 crore, and issuing 8.85 lakh equity shares on a preferential basis to promoter group entities at ₹57 per share (₹10 face value + ₹47 premium), bringing in about ₹5.04 crore. Other items include introducing the 'Trustedge Employee Stock Option Scheme 2025' covering up to 10 lakh ESOPs, approving a borrowing limit of up to ₹250 crore under Section 180(1)(c), and authorizing creation of charges on company assets. The EGM also seeks approval to appoint Ms. Shaily Jatin Dedhia as Independent Director for 5 years and reappoint Mr. Manoj Shantilal Savla as Chairman & Managing Director for 3 years (April 2025 to April 2028). The cut-off date for e-voting eligibility is May 2, 2025, with remote e-voting open from May 4 to May 8, 2025.
Existing shareholders face potential dilution from the 8.85 lakh preferential shares to promoters and the 10 lakh ESOP pool. The name change to 'Trustedge Capital' and the substantial ₹250 crore borrowing limit suggest a major strategic pivot toward capital/financial services and possible expansion or acquisitions. Promoter infusion of ~₹5 crore signals insider confidence ahead of this transition.