Trustedge Capital Limited (formerly known as Adinath Exim Resources Limited) has filed a statement of deviation or variation in the utilisation of funds raised through its Rights Issue, as required under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, submitted on May 12, 2026, pertains to the quarter ended March 31, 2026, and confirms that there was no deviation or variation in the use of proceeds from the objects stated in the Letter of Offer dated September 25, 2025.

Rights Issue Fund Utilisation Overview

The company raised Rs. 2699.54 lakhs through its Rights Issue of Equity Shares, with funds received on October 17, 2025. The amount received on application was also Rs. 2699.54 lakhs. CARE Ratings Limited has been designated as the monitoring agency for the utilisation of these funds. The key details of the Rights Issue are summarised below:

Object-Wise Fund Utilisation

The funds raised through the Rights Issue were allocated across three distinct objects, all of which have been fully utilised as per the original allocation. No modifications were made to any of the original objects, and no deviation or variation was recorded for the quarter. The detailed object-wise utilisation is presented below (Rs. in Lakhs):

Compliance Confirmation

The company has confirmed that there was no deviation in the objects or purposes for which the funds were raised, no deviation in the amount of funds actually utilised as against what was originally disclosed, and no change in the terms of any contract referred to in the Letter of Offer. The Audit Committee's comments and auditor remarks were noted as not applicable, given the absence of any deviation or variation.

The statement was signed by Manoj Shantilal Savla, Managing Director, and filed by Pinkal Mehta, Company Secretary and Compliance Officer (Membership No.: A59075). The aforesaid information is also available on the company's website at www.trustedgecapital.in .

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.