Results for the quarter and financial year ended on 31.03.2025
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The board approved audited financial results for Q4 and FY ended March 31, 2025, with the auditor (M/s Mahendra N. Shah & Co.) issuing an unmodified (clean) opinion. Total assets rose to about Rs 2,311.81 lakhs from Rs 2,035.45 lakhs a year earlier, while net worth grew to roughly Rs 2,258.58 lakhs. The company also approved a name change from Adinath Exim Resources Limited to Trustedge Capital Limited (subject to approvals) and increased authorized share capital from Rs 5 crore to Rs 7 crore. A preferential allotment of 8,49,500 equity shares to the promoter group and a new ESOP scheme (Trustedge ESOS 2025) were approved. Several top-level changes occurred: Mrs. Vidhi Shail Savla shifted from Whole-Time Director to Non-Executive Director, CFO Mr. Bharat Jethalal Suthar resigned due to health reasons, Mr. Jayprakash Labhshankar Raval was appointed as the new CFO, and Ms. Pinkal Parva Mehta joined as Company Secretary and Compliance Officer.
Clean auditor opinion and growing net worth are positive, but the small balance-sheet size and finance/NBFC-like structure mean the preferential allotment and name change are the key near-term catalysts for shareholders. Multiple KMP exits and entries in a single board meeting add governance uncertainty worth monitoring.