Trustedge Capital Promoters Boost Stake to 75% via Rights Issue

1 min read     Updated on 23 Oct 2025, 09:28 AM
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Jubin VergheseScanX News Team
Overview

Trustedge Capital Limited's promoter group increased its stake from 71.99% to 74.99% through a rights issue on October 20, 2025. The group acquired 2,706,188 shares, expanding the company's equity share capital from ₹5.85 crore to ₹9.23 crore. Total outstanding shares increased from 58.53 lakh to 92.28 lakh. Top acquisitions include Avani Savla (430,008 shares), Shanil Paras Savla (341,416 shares), and Shail Manoj Savla (337,278 shares).

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*this image is generated using AI for illustrative purposes only.

Trustedge Capital Limited , formerly known as Adinath Exim Resources Limited, has seen a significant change in its shareholding structure following a rights issue on October 20, 2025. The promoter group, led by Manoj Shantilal Savla, has increased its collective stake in the company from 71.99% to 74.99% of the total voting capital.

Key Highlights of the Rights Issue

  • Shareholding Increase: The promoter group's stake rose by 3 percentage points, from 71.99% to 74.99%.
  • Share Acquisition: A total of 2,706,188 shares were acquired by 13 members of the promoter group.
  • Equity Expansion: The company's equity share capital grew from ₹5.85 crore to ₹9.23 crore.
  • Total Shares: The number of outstanding shares increased from 58.53 lakh to 92.28 lakh.

Detailed Breakdown of Acquisitions

The rights issue saw varying levels of participation from different members of the promoter group. Here's a table showcasing the top acquisitions:

Promoter Group Member Shares Acquired Post-Acquisition Holding % of Total Voting Capital
Avani Savla 430,008 1,099,586 11.92%
Shanil Paras Savla 341,416 873,046 9.46%
Shail Manoj Savla 337,278 862,465 9.35%
Shantilal Savla Family Trust 325,598 832,598 9.02%
Shantilal Savla 229,524 586,924 6.36%

Impact on Company Structure

The rights issue has led to a significant expansion of Trustedge Capital's equity base. The total number of shares increased by approximately 57.7%, from 58.53 lakh to 92.28 lakh. This expansion has been accompanied by a proportional increase in the company's equity share capital, which grew from ₹5.85 crore to ₹9.23 crore.

Market Implications

While the promoter group has strengthened its control over the company, the rights issue also represents an opportunity for the company to raise additional capital. This could potentially be used for various corporate purposes, such as expansion, debt reduction, or investment in new initiatives.

It's important to note that this corporate action has been duly reported to the relevant authorities, including the Securities and Exchange Board of India (SEBI), in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Historical Stock Returns for Trustedge Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%-0.11%-18.50%+74.46%+318.74%+1,773.51%
Trustedge Capital
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Trustedge Capital Unveils ₹26.99 Crore Rights Issue at ₹80 Per Share

1 min read     Updated on 25 Sept 2025, 09:14 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Trustedge Capital plans to raise ₹26.99 crore through a rights issue of 33,74,428 equity shares at ₹80 per share. The rights entitlement ratio is 49 shares for every 85 existing shares. The issue opens on October 9, 2025, and closes on October 16, 2025, with a record date of October 1, 2025. Upon full subscription, the company's outstanding shares will increase from 58,53,600 to 92,28,028. BSE Limited has provided in-principle approval for the issue.

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*this image is generated using AI for illustrative purposes only.

Trustedge Capital has announced a significant move to raise capital through a rights issue, as approved by its Rights Issue Committee. The company aims to raise ₹26.99 crore by offering 33,74,428 fully paid-up equity shares at ₹80 per share.

Key Details of the Rights Issue

Parameter Value
Issue Price ₹80 per share (Face value: ₹10, Premium: ₹70)
Rights Entitlement Ratio 49 shares for every 85 existing shares held
Record Date October 1, 2025

Issue Period

  • Opening Date: October 9, 2025
  • Closing Date: October 16, 2025
Deadline Date
Last Date for On-market Renunciation October 13, 2025
Last Date for Off-market Renunciation October 15, 2025

Impact on Share Capital

Upon full subscription, Trustedge Capital's outstanding equity shares will increase from 58,53,600 to 92,28,028 shares, representing a significant expansion of its equity base.

Regulatory Approval

BSE Limited has provided in-principle approval for the rights issue, as confirmed by the company in its regulatory filing. The approval was received via Letter Ref No: LOD/RIGHT/RB/FIP/937/2025-26 dated September 24, 2025.

Additional Information

  • The International Securities Identification Number (ISIN) for credit of dematerialized Rights Entitlement is INE398H20015.
  • Eligible shareholders' Rights Entitlements will be credited to their respective demat accounts prior to the issue opening date.
  • The company's Board of Directors and/or Rights Issue Committee retain the right to extend the Issue closing date, subject to the total Issue Period not exceeding 30 days from the Issue Opening Date.

Trustedge Capital Limited, formerly known as Adinath Exim Resources Limited, is headquartered at Office No. 308, 3rd Floor, Block-B, Navratna Corporate Park, Bodakdev, Ahmedabad – 380058, Gujarat, India.

Investors and stakeholders can find more details about the rights issue on the company's website at www.trustedgecapital.in . As always, potential investors are advised to carefully review the Letter of Offer and other issue-related materials before making any investment decisions.

Historical Stock Returns for Trustedge Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%-0.11%-18.50%+74.46%+318.74%+1,773.51%
Trustedge Capital
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