Trustedge Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/09/2025 ,inter alia, to consider and approve Rights Issue Committee Meeting ....
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Trustedge Capital Ltd's Board had previously approved a Rights Issue of fully paid-up equity shares with a face value of ₹10 each, for an amount not exceeding ₹27 crore, to be offered to eligible shareholders. A Rights Issue Committee meeting is now scheduled for September 6, 2025, to finalize key terms including the issue price, issue size, record date, and Rights Entitlement ratio, subject to regulatory approvals. The company, formerly known as Adinath Exim Resources Limited, has not disclosed the specific purpose of the fund raise in this filing. The Rights Issue will be conducted in accordance with the Companies Act, 2013 and SEBI ICDR Regulations, 2018.
Eligible shareholders will get an opportunity to subscribe to additional shares on a rights basis, but the final price and ratio are yet to be decided. The ₹27 crore size is relatively small, and the dilutive impact will depend on the final entitlement ratio and pricing decided at the upcoming committee meeting.