Outcome of the Board Meeting held today i.e. May 12, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Trustedge Capital Ltd's Board meeting on May 12, 2026 approved the audited standalone financial results for Q4 and FY2026 ending March 31, 2026. The company reported net profit of ₹5.15 lakhs for Q4 and ₹10.55 lakhs for the full year. Total assets grew significantly from ₹2,311.81 lakhs to ₹7,102.53 lakhs, while equity increased to ₹5,525.42 lakhs from ₹2,258.58 lakhs, largely driven by a rights issue during the year. The statutory auditors issued an unmodified (clean) opinion on the financial results. The Board also re-appointed M/s MGP & Associates as internal auditors for FY 2026-27 and appointed Mr. Somit Bhandari (Business Head - Credit & Strategy) and Mr. Chetan Khosla (Business Head) as Senior Management Personnel, both effective May 12, 2026. Additionally, Independent Director Mr. Ketan Harsukhlal Sanghvi resigned due to health reasons, stepping down from all committee chairmanship positions.
The significant growth in total assets (3x increase) indicates substantial business expansion. The clean audit opinion and new senior appointments with strong banking backgrounds (ICICI, IndusInd, Axis, DBS) suggest improved governance and strategic direction. However, the resignation of the Independent Director and Chairman of three key committees may raise concerns about board composition and governance oversight in the near term.