The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manoj Savla & Others
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The promoter and promoter group of Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) disclosed an acquisition of 27,06,188 equity shares (about 29.33% of pre-issue capital) through subscription to a Rights Issue on 20 October 2025. As a result, the promoter group's combined holding rose from 42,13,900 shares (71.99%) to 69,20,088 shares (74.99%) of the company. The total equity share capital expanded from ₹5.85 crore (58.53 lakh shares) to ₹9.23 crore (92.28 lakh shares), reflecting the rights issue. All 13 promoter and promoter group entities participated in proportion to their existing holdings. No encumbrance, pledge, or off-market transaction is involved; the acquisition is entirely through the rights issue route.
The promoter group has reaffirmed confidence in the company by fully subscribing to its rights issue, pushing their stake from ~72% to ~75%. This shows strong promoter commitment but also means public shareholders bear a larger share of the equity dilution going forward. The rights issue itself will strengthen the company's capital base.