We are submitting Proceedings of 01/2025-26 EGM.
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The company held its EGM on May 9, 2025, via video conferencing from 3:00 PM to 3:05 PM IST. Nine items of business were placed before shareholders, including a change of company name from Adinath Exim Resources Limited to Trustedge Capital Limited and an increase in authorised share capital. Members approved a preferential issue of up to 8,85,000 equity shares to the promoter group. Other key approvals included the appointment of Mr. Manoj Shantilal Savla as Chairman & Managing Director, appointment of Ms. Shaily Jatin Dedhia as Independent Director, and the launch of the Trustedge Employee Stock Option Scheme 2025 (TEDGE ESOS 2025). Shareholders also approved raising the borrowing limit to ₹250 crore under Section 180(1)(c) and authorised creation or modification of charges on company properties. Voting results and the scrutinizer's report will be filed separately.
The name change signals a strategic rebranding, likely tied to a pivot toward capital markets or financial services. The preferential issue to promoters and a higher borrowing limit (₹250 crore) suggest plans for expansion or acquisitions, which could dilute existing shareholders but also bring in growth capital.