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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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
+2.00%+14.44%+14.96%+224.28%+444.66%+2,360.53%
Trustedge Capital
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Trustedge Capital Postpones Rights Issue Committee Meeting Again, Awaits BSE Approval

1 min read     Updated on 19 Sept 2025, 07:15 PM
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Reviewed by
Jubin VergheseScanX News Team
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Overview

Trustedge Capital Limited has rescheduled its Rights Issue Committee meeting for the sixth time, now set for September 25, 2025. The delay is due to pending in-principle approval from BSE Limited for the proposed rights issue. The meeting aims to determine the issue price, rights entitlement ratio, record date, and issue schedule. The company, trading under scrip code 532056 on BSE, has postponed the meeting multiple times since the original date of September 6, 2025.

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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 announced yet another postponement of its Rights Issue Committee meeting. The meeting, originally scheduled for September 6, 2025, has been rescheduled for the sixth time and is now set to take place on September 25, 2025.

Reason for Postponement

The company cited the pending in-principle approval from BSE Limited for its proposed rights issue as the primary reason for the delay. This ongoing wait for regulatory approval has led to a series of postponements over the past few weeks.

Meeting Agenda

When convened, the Rights Issue Committee meeting aims to address several crucial aspects of the proposed rights issue, including:

  • Determining the issue price
  • Establishing the rights entitlement ratio
  • Setting the record date
  • Finalizing the issue schedule

Chronology of Postponements

The series of postponements for the Rights Issue Committee meeting is as follows:

Date Event
September 6, 2025 Original date
September 9, 2025 First rescheduling
September 12, 2025 Second rescheduling
September 17, 2025 Third rescheduling
September 19, 2025 Fourth rescheduling
September 25, 2025 Current rescheduling

Company Statement

In its communication to the BSE, Trustedge Capital stated, "We wish to inform you that the Company is awaiting the in-principle approval from BSE Limited for the proposed rights issue. Consequently, the aforementioned meeting stands postponed."

The company further added that the rescheduled meeting on September 25, 2025, is "subject to receipt of the in-principle approval and compliance with applicable regulatory requirements."

Investor Information

Trustedge Capital Limited, with its registered office in Ahmedabad, Gujarat, trades under the scrip code 532056 on the BSE. The company has assured that this information will be available on its official website at https://www.trustedgecapital.in .

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the status of the rights issue and any potential future changes to the committee meeting date.

As the situation continues to evolve, market participants will be watching closely to see if Trustedge Capital receives the necessary approval from BSE Limited in time for the newly scheduled meeting date.

Historical Stock Returns for Trustedge Capital

1 Day5 Days1 Month6 Months1 Year5 Years
+2.00%+14.44%+14.96%+224.28%+444.66%+2,360.53%
Trustedge Capital
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