Trustedge Capital Promoters Boost Stake to 75% via Rights Issue
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).

*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.98% | -0.11% | -18.50% | +74.46% | +318.74% | +1,773.51% |