Trustwave Securities Limited has officially fixed April 27, 2026 as the record date for implementing a substantial 95% reduction in its paid-up share capital, following approval from the National Company Law Tribunal (NCLT). The company communicated this decision to BSE Limited through an official regulatory filing under Regulation 42 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCLT Approval and Regulatory Timeline

The Hon'ble National Company Law Tribunal, Mumbai Bench approved the scheme of reduction in share capital through its order dated March 19, 2026. The company received the certified true copy of this order on April 10, 2026, enabling the board to proceed with setting the record date during its meeting held on April 15, 2026.

Share Capital Reduction Structure

The capital reduction represents a significant 95% decrease in the company's paid-up equity share capital. This restructuring maintains the face value of equity shares at INR 10 each while substantially reducing the total number of shares outstanding from 65,37,600 to 3,26,880 shares.

Strategic Objectives and Benefits

The scheme serves multiple strategic purposes for financial reconstruction. The primary objective involves writing off carried forward accumulated losses to the maximum possible extent through the capital reduction, presenting a true and fair view of the company's financial position. The restructuring aims to attract new sources of revenue and help the company overcome financial difficulties while improving future operations.

Shareholder Value Enhancement

The capital reduction is expected to deliver several advantages to shareholders, including enhanced shareholder value through improved capital structure efficiency. Shareholders will benefit from better return on equity capital, return on capital employed, and improved dividend yield on the face value of shares. The company expects to have adequate resources for funding proposed expansion plans.

Regulatory Compliance and Documentation

Trustwave Securities Limited has fulfilled all regulatory requirements, with the Ministry of Corporate Affairs issuing the certificate of registration confirming the reduction of capital on April 6, 2026. The company operates under CIN L65990MH1983PLC031384 and trades on BSE with scrip code 508963. The company, formerly known as Sterling Guaranty & Finance Limited, maintains its registered office in Mumbai and continues its listing status while implementing this significant corporate restructuring initiative.

Trustwave Securities Limited has completed the final step in its share capital reduction process by submitting newspaper notices to BSE Limited regarding the NCLT approval and Ministry of Corporate Affairs registration on April 8, 2026.

NCLT Approval and MCA Registration Timeline

The capital reduction journey began with a special resolution passed by the company on February 8, 2025. Subsequently, the Hon'ble National Company Law Tribunal Mumbai approved the scheme of reduction in share capital through an order dated March 19, 2026, in Petition number C.P 194(MB)2025.

Newspaper Publication and BSE Submission

Following the MCA registration, Trustwave Securities Limited published notices in newspapers ('Business Standard & Navshakti') on April 8, 2026, informing stakeholders about the registration of the NCLT order by the Ministry of Corporate Affairs. The company subsequently submitted copies of these published notices to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital Reduction Details

The approved capital reduction scheme restructured the company's share capital significantly. The issued, subscribed and paid-up share capital was reduced from ₹6,53,76,000 divided into 65,37,600 equity shares of ₹10 each to ₹32,68,800 divided into 3,26,880 equity shares of ₹10 each fully paid-up.

Corporate Structure and Compliance

The intimation was signed by Director Deepak Kharwad (DIN: 08134487) on behalf of the company. Trustwave Securities Limited is headquartered at B-702, 7th Floor, Neelkanth Business Park, Kirol Village, Near Bus Depot, Vidyavihar (W), Mumbai – 400086.

The completion of the newspaper publication and BSE submission represents the final regulatory step in the company's capital restructuring process, ensuring full compliance with disclosure requirements under SEBI regulations.

Source: None/Company/INE668Y01016/ef51ed4a-a8c7-4abc-8471-bf420a580ccf.pdf