Trustedge Capital Board Appoints Two New Directors and Notes Resignation of Promoter Director

Trustedge Capital Board Appoints Two New Directors and Notes Resignation of Promoter Director​

Trustedge Capital Ltd, formerly known as Adinath Exim Resources Limited, finalized several key appointments and noted a resignation from its board following a meeting held on July 7, 2026. The company appointed two additional directors to strengthen its governance structure while recording the departure of Mrs. Vidhi Shail Savla.

The Board of Directors approved the appointment of Mr. Shail Manoj Savla as an Additional Director (Promoter, Non-Executive) and Mr. Narayanan Sadanandan as an Additional Director (Non-Executive and Independent Director). The company also recorded the resignation of Mrs. Vidhi Shail Savla from her position as Director (Promoter, Non-Executive).

New Appointments to the Board​

Mr. Shail Manoj Savla was appointed as an Additional Director (Promoter, Non-Executive) effective July 7, 2026. His appointment is based on the recommendation of the Nomination and Remuneration Committee and requires shareholder approval. Mr. Savla is a Mechanical Engineer and holds an MBA from the USA. He brings around ten years of experience in project management, strategic planning, financial evaluation, risk assessment, and execution of large-scale projects across various business functions. His relationship with the company includes being the son of Mr. Manoj Shantilal Savla, Managing Director of Trustedge Capital Ltd.

Mr. Narayanan Sadanandan was appointed as an Additional Director (Non-Executive and Independent Director) effective July 7, 2026. Following the recommendation of the Nomination and Remuneration Committee, his appointment is also subject to shareholder approval. Mr. Sadanandan holds over forty years of experience in banking and financial services, including fund management, investment banking, corporate and commercial banking, international banking, treasury, MSME finance, and retail banking. His distinguished career includes senior leadership roles at the State Bank of India Group, such as Managing Director & CEO of SBI Pension Funds Private Limited and Chief General Manager - SME & Supply Chain Finance.

The appointment terms for Mr. Narayanan Sadanandan specify that he is recommended to be appointed as an Independent Director for a term of five consecutive years, commencing from July 7, 2026, until July 6, 2031, and will not be liable to retire by rotation.

Key details regarding the two new appointments are summarized below:

Resignation of Mrs. Vidhi Shail Savla​

The Board meeting also noted the resignation of Mrs. Vidhi Shail Savla (DIN: 09107866) from her position as Director (Promoter, Non-Executive). The resignation was tendered through a letter dated July 7, 2026, and is effective from closing business hours on that date.

Mrs. Savla stated that the reason for her departure was paucity of time. She confirmed in her resignation letter that there were no other material reasons for her leaving the company.

Stock Price Movement​

As of 12:21, shares of Trustedge Capital Ltd are edging higher, trading at ₹145.50 after climbing 3%. The stock is currently locked and trading completely flat, as the intraday high and low both stand exactly at ₹145.50.