Outcome of Board Meeting with regards to increase in authorised share capital, amendment in MOA, re-appointment of independent director, appointment of secretarial auditor
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The board of Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) met on July 16, 2025 and approved four items. First, it proposed increasing authorized share capital from Rs. 7 crore (70 lakh equity shares of Rs. 10 each) to Rs. 15 crore (1.5 crore equity shares of Rs. 10 each), subject to shareholder approval. Second, it proposed amending the Memorandum of Association by deleting the 'Other Objects' clause and updating the liability clause to align with the Companies Act, 2013. Third, Mr. Ketan Harsukhlal Sanghvi (DIN: 06531676) was re-appointed as Non-Executive Independent Director for a second 5-year term from November 4, 2025 to November 3, 2030, pending shareholder approval. Fourth, CS Aishwarya Parekh was appointed as Secretarial Auditor for a 5-year term covering FY 2025-26 through FY 2029-30. No actual equity issuance, dividend, or corporate action was announced — the capital hike merely creates headroom for potential future issuances.
This is largely a housekeeping and governance update. The authorized capital expansion gives the company flexibility to issue more shares later, but does not itself dilute existing shareholders. Shareholders should watch for any future announcement (bonus, rights, or preferential issue) that may use this expanded headroom. No immediate impact on stock price is expected.