The members of the Right Issue Committee Meeting held today approved the allotment of equity shares on a right basis to the eligible equity shareholders of the company
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Trustedge Capital's Rights Issue Committee approved the allotment of 33,74,428 equity shares on a rights basis at ₹80 per share (face value ₹10 with ₹70 premium). This was pursuant to the Letter of Offer dated September 25, 2025. The company's paid-up equity share capital increased from ₹5.85 crore (58,53,600 shares) to ₹9.23 crore (92,28,028 shares), a rise of about 57.6% in share count. The committee meeting was held on October 17, 2025, and the allotment was finalized in consultation with BSE and the Registrar to the Issue. This marks the completion of the company's rights issue. Note: The company was earlier known as Adinath Exim Resources Limited.
Shareholders will see their share count rise as new rights shares are credited to their demat accounts, and the expanded share base may lead to short-term dilution of earnings per share. The large share premium (₹70 of the ₹80 issue price) suggests the company raised capital well above its face value, though the actual discount or premium to the prevailing market price is not disclosed here.