Trustedge Capital Limited (formerly known as Adinath Exim Resources Limited) held a Board of Directors meeting on May 12, 2026, at which several significant decisions were taken, including the approval of audited standalone financial results for the quarter and financial year ended March 31, 2026, key personnel changes, and governance updates. The board meeting commenced at 02:30 PM IST and concluded at 04:00 PM IST. The statutory audit was conducted by M/s Mahendra N. Shah & Co., Chartered Accountants (FRN: 105775W), who issued an unmodified opinion on the financial results.

Financial Performance: FY26 vs FY25

The company reported a marked improvement in its financial performance for the year ended March 31, 2026. Total income surged to ₹537.09 lakhs from ₹109.32 lakhs in the previous year, driven primarily by a significant increase in interest income and the addition of fee and commission income. Net profit after tax stood at ₹54.60 lakhs for FY26, compared to ₹16.49 lakhs in FY25. The following table summarises the key financial metrics (all figures in ₹ Lakhs unless otherwise stated):

Balance Sheet Highlights as at March 31, 2026

The company's total assets grew substantially to ₹7,102.53 lakhs as at March 31, 2026, compared to ₹2,311.81 lakhs as at March 31, 2025. The loan book expanded significantly to ₹6,094.31 lakhs from ₹1,101.50 lakhs in the prior year, reflecting the company's active lending operations as a Non-Banking Financial Company (NBFC). Equity also strengthened, with total equity rising to ₹5,525.42 lakhs from ₹2,258.58 lakhs, supported by a paid-up equity share capital of ₹922.80 lakhs and other equity of ₹4,602.62 lakhs.

Rights Issue Utilisation

During the previous quarter, the company allotted 33,74,428 fully paid-up equity shares on a rights basis at an issue price of ₹80 per share (including share premium of ₹70 per share), aggregating to ₹2,699.54 lakhs, in the ratio of 49 rights equity shares for every 85 fully paid-up equity shares held by eligible shareholders as on the record date of October 1, 2025. The net proceeds were proposed to be utilised as follows:

• Augmentation of capital base for onward lending: ₹1,988 lakhs
• General corporate purposes: ₹673.15 lakhs
• Issue related expenses: ₹38.39 lakhs

During the previous quarter, the company utilised ₹1,925 lakhs towards augmentation of capital base, ₹568.77 lakhs towards general corporate purposes, and ₹38.39 lakhs towards issue-related expenses. During the current quarter under review, the company utilised the remaining ₹63 lakhs towards augmentation of capital base and ₹104.38 lakhs towards general corporate purposes.

Internal Auditor Re-Appointment

Based on the recommendation of the Audit Committee, the Board re-appointed M/s MGP & Associates, Chartered Accountants (FRN: 140164W), as Internal Auditors of the company for the financial year ending March 31, 2027, with effect from May 12, 2026. MGP & Associates is a Chartered Accountancy firm founded in 2014, offering services including audit, tax advisory, management consultancy, financial management, accounting, secretarial, and corporate advisory services across a broad spectrum of industries. The firm is not related to any of the directors of the company.

Senior Management Personnel Designations

Pursuant to the recommendations of the Nomination and Remuneration Committee, the Board designated two individuals as Senior Management Personnel with effect from May 12, 2026:

Resignation of Independent Director

Mr. Ketan Harsukhlal Sanghvi (DIN: 06531676) tendered his resignation from the position of Non-Executive Independent Director of the company with effect from the closing of business hours on May 12, 2026, citing health reasons. Consequent to his resignation, he also ceased to be the Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee of the company. Mr. Ketan Sanghvi confirmed in his resignation letter dated May 12, 2026, that there are no other material reasons for his resignation beyond those stated. He held no directorships or committee memberships in any other listed companies at the time of his resignation.

Trustedge capital Limited has formally communicated to BSE Limited regarding its regulatory status under SEBI's debt securities framework. The company confirmed that it does not qualify as a "Large Corporate" as on March 31, 2026, thereby exempting it from specific disclosure requirements mandated by the Securities and Exchange Board of India.

Regulatory Framework and Compliance

The confirmation was made pursuant to three key SEBI circulars that govern fund raising through debt securities issuance by large entities:

These circulars establish the regulatory framework for "Fund raising by Issuance of Debt Securities by Large Entities" and outline specific compliance requirements for companies classified as Large Corporates.

Status Confirmation Details

The company's official communication to BSE Limited's Corporate Relations Department clarified its regulatory position. Since Trustedge Capital Limited does not meet the criteria for Large Corporate classification, the initial disclosure requirements under Clause 3 of the referenced SEBI circulars are not applicable to the company.

Corporate Information

The confirmation letter was digitally signed by Manoj Savla, Managing Director of Trustedge Capital Limited, on April 11, 2026. The company, formerly known as Adinath Exim Resources Limited, operates from its registered office in Ahmedabad, Gujarat. This regulatory confirmation ensures compliance with SEBI's transparency requirements while clarifying the company's exemption status from specific debt securities disclosure mandates.