Statement of deviation for the quarter ended on December 31, 2025
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Awaiting price reaction for this filing.
Trustedge Capital Ltd has confirmed there is no deviation or variation in the use of proceeds from its Rights Issue, which raised Rs. 2,699.54 lakhs on October 17, 2025. The company used Rs. 1,925 lakhs of the Rs. 1,988 lakhs earmarked for augmenting its capital base for lending business, Rs. 568.77 lakhs out of Rs. 673.15 lakhs allocated for general corporate purposes, and fully utilised Rs. 38.39 lakhs set aside for issue-related expenses. The unutilised amount of Rs. 167.38 lakhs (Rs. 63 lakhs from lending + Rs. 104.38 lakhs from corporate purposes) is currently parked in fixed deposits and will be deployed as per business needs. CARE Ratings Limited served as the monitoring agency for the issue.
This is a routine compliance filing confirming that rights issue funds are being used as originally disclosed to shareholders, with no misuse or change in purpose. For investors, this signals good governance and adherence to stated objectives, though the unutilised portion sitting in fixed deposits means the full capital deployment impact is still pending.