Trustwave Securities Limited (formerly known as Sterling Guaranty & Finance Limited) has appointed new internal and secretarial auditors to oversee its compliance and financial controls for the upcoming fiscal periods. The Board of Directors approved the appointments during a meeting held on July 24, 2026, in Mumbai, ensuring continuity in statutory and regulatory oversight for the financial years 2025-26 and 2026-27.

The appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. The Board acted on the recommendations of the Audit Committee to formalize these engagements, which are critical for maintaining governance standards and regulatory adherence.

M/s. Akash Prajapati and Company, Chartered Accountants, was appointed as the Internal Auditor. The firm is headed by Mr. Akash Somaram Prajapati, Proprietor, who brings over five years of professional experience in financial statement audits, regulatory compliance, internal controls, risk assessment, and the review of financial and operational processes.

Simultaneously, the company appointed M/s. Hemang Satra & Associates, Practising Company Secretaries, as the Secretarial Auditor. This peer-reviewed firm specializes in corporate laws, securities laws, secretarial compliance, and corporate governance. It maintains a professional presence in the states of Maharashtra and Gujarat, positioning it to effectively monitor the company’s compliance with applicable legal frameworks.

Both appointments are effective from July 24, 2026, covering the tenure for financial years 2025-26 and 2026-27. The disclosures confirm that there are no relationships between the appointed firms and the directors of the company, ensuring independence in their respective audit functions.

Auditor Appointments Summary

Governance Implications

The appointment of dedicated internal and secretarial auditors underscores Trustwave Securities Limited’s commitment to robust corporate governance. By engaging specialized firms with expertise in financial controls and corporate law, the company aims to strengthen its internal monitoring mechanisms. These roles are pivotal in identifying operational risks and ensuring strict compliance with SEBI regulations, thereby protecting shareholder interests and maintaining market confidence.

Trustwave Securities Limited returned to profitability in the fourth quarter of FY26, reporting a standalone net profit of ₹6.95 lakh compared to a net loss of ₹0.34 lakh in the corresponding quarter of the previous year. For the full financial year ended March 31, 2026, the company narrowed its net loss to ₹6.10 lakh, a significant improvement from the net loss of ₹17.09 lakh recorded in FY25. Revenue from operations for the quarter stood at ₹15.00 lakh, compared to nil in the previous year, while total income for the year reached ₹15.05 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and received an unmodified opinion from the Statutory Auditors, Vinod S. Mehta & Co., confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted it has no separate reportable segments and no subsidiaries, associates, or joint ventures.

Total expenses for the quarter increased to ₹8.05 lakh from ₹0.34 lakh in the same period last year, driven by finance costs of ₹5.78 lakh and professional fees of ₹1.42 lakh. For the full year, total expenses rose to ₹21.14 lakh from ₹17.09 lakh in FY25, primarily due to listing fees of ₹4.03 lakh and professional fees of ₹6.12 lakh. The company's earnings per share (EPS) for continuing operations improved to ₹0.11 for the quarter, compared to a loss of ₹0.01 per share in the prior year.

Financial Performance Summary

Assets and Liabilities

As of March 31, 2026, Trustwave Securities' total assets stood at ₹125.04 lakh, an increase from ₹71.80 lakh in the previous year. Current assets constituted the majority, totaling ₹125.04 lakh, which included cash and cash equivalents of ₹58.56 lakh and trade receivables of ₹17.70 lakh. Non-current assets were nil. On the liabilities side, total equity attributable to owners of the parent was negative at ₹99.69 lakh, compared to ₹93.59 lakh in the previous year. Total liabilities increased to ₹10.45 lakh from ₹5.13 lakh, driven largely by non-current borrowings of ₹218.75 lakh, up from ₹162.27 lakh in FY25.