Outcome of the right issue committee meeting held today i.e. September 25, 2025 for considering terms and conditions of rights issue
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Trustedge Capital Ltd's Rights Issue Committee approved the terms of its proposed rights issue on September 25, 2025. The issue consists of 33,74,428 fully paid-up equity shares of face value ₹10 each at ₹80 per share (including a ₹70 premium), aggregating to about ₹27 crores. The entitlement ratio is 49 rights shares for every 85 shares held, with the record date fixed at October 1, 2025. The issue opens on October 9, 2025 and closes on October 16, 2025. Post-issue, the share count will rise from 58,53,600 to 92,28,028 assuming full subscription, with funds being raised from existing eligible shareholders.
Existing shareholders will need to decide whether to subscribe or renounce their entitlements between October 9 and 16, 2025. If not fully subscribed, the equity base will expand by dilution; shareholders who skip may see their stake reduced. The ₹27 crore raise could be mildly dilutive but provides fresh capital to the company.