Trustedge Capital Limited, formerly known as Adinath Exim Resources Limited, has seen its promoter group increase its stake from 71.99% to 74.99% following a rights issue on October 20, 2025. The move involved the acquisition of 2,706,188 shares, expanding the company’s equity share capital from ₹5.85 crore to ₹9.23 crore and increasing the total outstanding shares from 58.53 lakh to 92.28 lakh.
Key Highlights of the Rights Issue
- Promoter Stake Increase: From 71.99% to 74.99% of total voting capital.
- Share Acquisition: 2,706,188 shares acquired by 13 promoter group members.
- Equity Expansion: Equity share capital rose from ₹5.85 crore to ₹9.23 crore.
- Total Shares: Outstanding shares increased from 58.53 lakh to 92.28 lakh.
Top Promoter Acquisitions
| Promoter 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 significantly expanded Trustedge Capital’s equity base, with shares increasing by roughly 57.7%. The proportional growth in equity capital enhances the company’s financial flexibility and strengthens the promoter group’s control.
Market Implications
The rights issue not only consolidates promoter control but also provides an opportunity for the company to raise additional capital. This capital could be utilized for corporate expansion, debt reduction, or strategic investments.
The transaction has been reported to SEBI in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring regulatory transparency and adherence.
Summary
Through the rights issue on October 20, 2025, Trustedge Capital’s promoters have increased their stake to 75%, expanding the company’s equity base and reinforcing promoter control, while also creating potential avenues for corporate growth and strategic deployment of funds.
Disclaimer:
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