Trustedge Capital Cancels and Regrants 24,967 Employee Stock Options Under TEDGE ESOS 2025

The Nomination and Remuneration Committee of Trustedge Capital Limited (formerly known as Adinath Exim Resources Limited) convened a meeting on May 12, 2026, and passed resolutions approving two key actions under the Trustedge Employee Stock Option Scheme 2025 (TEDGE ESOS 2025): the cancellation of unvested stock options and a fresh grant of stock options to eligible employees. The company made this disclosure to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cancellation of Unvested Stock Options

The committee took note of the cancellation of 24,967 unvested stock options that had been previously granted to an employee under the TEDGE ESOS 2025. The cancellation was triggered by the resignation of the employee to whom the options were originally granted. As per the terms of the scheme, the cancelled options have been added back to the option pool and will be available for future grants in accordance with applicable laws.

Parameter: Details Scheme Name: Trustedge Employee Stock Option Scheme 2025 (TEDGE ESOS 2025) Total Options Cancelled: 24,967 Reason for Cancellation: Resignation of the employee to whom options were granted Status of Cancelled Options: Added back to the option pool for future grants

Fresh Grant of Stock Options

Following the cancellation, the Nomination and Remuneration Committee approved the grant of 24,967 stock options to eligible employees under the TEDGE ESOS 2025, with an effective grant date of May 12, 2026. Each option is convertible into one equity share of the company at a face value of ₹ 10/- each. The options have been granted at face value, i.e., ₹ 10, pursuant to the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Parameter: Details Options Granted: 24,967 Effective Grant Date: May 12, 2026 Face Value per Share: ₹ 10/- Total Shares Covered: 24,967 equity shares of face value ₹ 10/- each Pricing Formula: Face value, i.e., ₹ 10 Exercise Period: Within 5 years from the date of vesting, or such other period as determined by the Committee Scheme Compliance: SEBI (SBE) Regulations, 2021

Key Terms of TEDGE ESOS 2025

The TEDGE ESOS 2025 is administered by the Nomination and Remuneration Committee. The scheme outlines the following significant terms:

Objective: To align the interests of employees with the long-term goals of the company by offering them an opportunity to become shareholders.

Purpose: Designed to compensate and recognize performance, attract and retain talent, and drive future growth.

Grant Basis: Options shall be granted based on one or more pre-defined performance conditions as determined by the Committee.

Exercise Window: Vested options may be exercised anytime within the exercise window(s) as intimated by the company, provided it is within a period of 5 years from the date of vesting or such other period as determined by the Committee. All vested options can be exercised by the option grantee at one time within the exercise period.

The disclosure, along with Annexure-A containing details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, has been uploaded on the company's website. The intimation was signed by Manoj S. Savla, Chairman & Managing Director of Trustedge Capital Limited.

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:

Parameter: Details Mode of Fund Raising: Rights Issue Date of Raising Funds: October 17, 2025 Amount Raised: Rs. 2699.54 lakhs Amount Received on Application: Rs. 2699.54 lakhs Report Filed for Quarter Ended: March 31, 2026 Monitoring Agency: CARE Ratings Limited Deviation / Variation in Use of Funds: No

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):

Original Object: Original Allocation Funds Utilised Deviation / Variation Augmenting capital base for onward lending: 1988.00 1988.00 0 General Corporate Purposes: 673.15 673.15 0 Issue Related Expense: 38.39 38.39 0

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 .

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