Raising of funds by way of rights issue as decided in the Board Meeting held today i.e. September 2, 2025
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Trustedge Capital Ltd's board, at its meeting on September 2, 2025, approved raising funds of up to ₹27 crore through a rights issue of equity shares (face value ₹10) to existing eligible shareholders. The company is yet to decide key terms such as the issue price, entitlement ratio, and record date, which will be determined later by the Board or a newly formed Rights Issue Committee. A Draft Letter of Offer has been approved, and various intermediaries have been appointed to manage the issue. The proposal is subject to SEBI and other regulatory approvals. The company is formerly known as Adinath Exim Resources Limited.
Existing shareholders may need to invest additional capital to maintain their shareholding once the rights issue terms are announced; the potential dilution and pricing will influence short-term stock sentiment.