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 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.