Monitoring Agency Report for the quarter ended on December 31, 2025.
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Awaiting price reaction for this filing.
CARE Ratings has submitted its Monitoring Agency Report for Trustedge Capital's Rs. 26.99 crore Rights Issue (open from Oct 9 to Oct 16, 2025). Of the total proceeds, Rs. 19.88 crore was earmarked for augmenting the company's capital base and Rs. 19.25 crore has already been deployed toward loan disbursals (an NBFC activity). Rs. 6.73 crore was for general corporate purposes, of which Rs. 5.69 crore has been used, including Rs. 5 crore for business expansion. Issue expenses came in slightly higher at Rs. 0.43 crore versus the Rs. 0.38 crore estimate, with the excess adjusted against GCP as per the offer document. There is no deviation from the stated objects, and the unutilized Rs. 1.67 crore is parked in an Axis Bank fixed deposit (5.80% interest) and a monitoring account.
This is a routine compliance update confirming that the company has used rights issue proceeds in line with what it promised shareholders, with no misuse or deviation. The quick deployment into lending suggests the NBFC is actively growing its loan book, though the small excess in issue expenses is a minor negative. Shareholders can take comfort from the clean monitoring report, but there is no material new catalyst for the stock price.