Statement of deviation for the quarter ended on March 31, 2026
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Trustedge Capital Limited (formerly Adinath Exim Resources Limited) has filed a nil-deviation report for funds raised via a Rights Issue. The company raised Rs. 2699.54 lakhs on October 17, 2025. The funds were allocated across three objects: Rs. 1988.00 lakhs for augmenting capital base for onward lending, Rs. 673.15 lakhs for general corporate purposes, and Rs. 38.39 lakhs for issue-related expenses. The filing confirms that all funds were fully received and there was no deviation or variation in how the proceeds were used from the objects stated in the Letter of Offer dated September 25, 2025. CARE Ratings Limited acted as the monitoring agency. The Managing Director, Manoj Shantilal Savla, signed off on the filing dated May 12, 2026.
No immediate impact on shareholders, as the company has confirmed proper utilization of funds as per the disclosed objects. This is a positive compliance signal indicating disciplined use of capital raised through the rights issue.