The board of directors has considered and approved raising of funds through rights issue, constitution of rights issue committee, appointment of various intermediaries and approval of draft ....
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Trustedge Capital's board, at its meeting on September 2, 2025, approved raising funds of up to ₹27 crores through a rights issue of equity shares (face value ₹10 each). The board also constituted a Rights Issue Committee and appointed various intermediaries for the issue. The Draft Letter of Offer was approved. Key details such as issue price, rights entitlement ratio, record date, and payment terms have not yet been disclosed and will be decided by the Board or Rights Issue Committee later, subject to regulatory approvals under SEBI ICDR Regulations and the Companies Act, 2013. The rights entitlement will be offered to eligible shareholders as on the record date, which is yet to be notified.
Existing shareholders will get the opportunity to subscribe to their proportionate share in the rights issue and maintain their ownership stake, but may need to put in additional capital. The terms (price, ratio, discount) are still pending, so the dilutive impact on non-participating shareholders is not yet known. Watch for the upcoming announcement with issue price and record date.