''Monitoring Agency Report for the quarter ended on May 12, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited has submitted the monitoring agency report for Trustedge Capital's Rs. 26.99 crore Rights Issue completed in October 2025. The report confirms no material deviation in fund utilisation, with Rs. 25.32 crore deployed out of Rs. 26.99 crore raised. The NBFC deployed Rs. 19.88 crore for capital augmentation (fully used for loan disbursals) and Rs. 6.73 crore for general corporate purposes including Rs. 5.87 crore towards business expansion via loan disbursals. Issue expenses of Rs. 0.38 crore were fully incurred. The company, which reported losses earlier in FY26, returned to profitability of Rs. 0.14 crore in Q3FY26, narrowing from earlier losses of Rs. 0.16 crore.
Positive for shareholders as the rights issue funds are being deployed as intended with no deviations. The company's return to profitability from earlier losses indicates improving financial health, though investors should note the NBFC operates in a competitive lending space with Rs. 1.67 crore still unutilised from the issue proceeds.