Trustwave Securities Limited has filed its quarterly compliance certificate with BSE Limited for the quarter ended 31st March, 2026. The submission fulfills the company's regulatory obligations under SEBI's Depositories and Participants Regulations.

Regulatory Compliance Certificate

The certificate was submitted on 2nd April, 2026, by Director Deepak Kharwad (DIN 08134487) to BSE Limited's Listing Compliance Monitoring Cell. This filing is mandatory under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Registrar Confirmation

Purva Sharegistry (India) Private Limited, serving as the company's registrar and share transfer agent, issued the confirmation certificate on 1st April, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that:

• Securities received for dematerialisation were confirmed or rejected to depositories
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All procedures were completed within regulatory timelines

Dematerialisation Activity Summary

During the quarter from 1st January to 31st March, 2026, the company processed dematerialisation requests from multiple shareholders. The activity demonstrates ongoing investor preference for holding shares in electronic form.

Notable Dematerialisation Transactions

The largest single dematerialisation transaction involved Santosh Kumar Jain, who converted 15,100 shares on 9th February, 2026. Other significant activities included multiple transactions by Surendra Kumar Prajapat (500 shares), Pradip Kantilal Sarda (350 shares), and Trishla Jain (500 shares across two folio numbers).

The dematerialisation activities were distributed throughout the quarter, with regular processing occurring from early January through the end of March 2026. This consistent activity reflects the company's efficient processing of shareholder requests for converting physical certificates to electronic form.

Company Information

Trustwave Securities Limited, formerly known as Sterling Guaranty & Finance Limited, operates from its registered office at Neelkanth Business Park, Vidyavihar (W), Mumbai. The company maintains its listing compliance through regular submissions to stock exchanges and adherence to SEBI regulations governing depositories and participants.

Trustwave Securities Limited has received approval from the National Company Law Tribunal (NCLT) Mumbai for its scheme of reduction in share capital dated March 19, 2026. The company informed BSE Limited about this significant corporate development through a regulatory filing on March 20, 2026.

NCLT Order Details

The Hon'ble NCLT Mumbai Bench approved the reduction under Section 66 of the Companies Act, 2013, in the matter C.P 194 (MB) 2025. The tribunal's order was pronounced by Hon'ble Member (Technical) Shri Prabhat Kumar and Hon'ble Member (Judicial) Shri Sushil Mahadeorao Koche.

Share Capital Reduction Structure

The approved scheme involves a substantial reduction in the company's equity share capital structure. The reduction will be implemented by cancelling shares against accumulated losses without any payment to shareholders.

Regulatory Approvals and Compliance

The reduction scheme received necessary regulatory clearances and approvals from various authorities. The Ministry of Corporate Affairs Regional Director (Western Region) filed reports dated January 8, 2026, and February 5, 2026, providing observations and recommendations.

Key regulatory compliance aspects include:

• Special resolution approved by postal ballot on February 8, 2025
• Article 38 of Articles of Association empowers capital reduction
• Board resolution dated October 24, 2024 proposing the reduction
• No objections received from creditors or other stakeholders
• BSE compliance under SEBI (LODR) Regulations, 2015

Company Background and Transformation

Trustwave Securities Limited was originally incorporated as Sterling Lease Finance Limited on November 21, 1983. The company underwent a name change to Trustwave Securities Limited on August 9, 2024. Previously registered as a Non-Banking Financial Company (NBFC) with RBI Registration No. 13.01229 since April 20, 1999, the company surrendered its NBFC certificate, which was cancelled by RBI on December 15, 2023.

Implementation Timeline

The company has committed to specific timelines for implementing the NCLT order. These include filing certified copies with regulatory authorities and publishing mandatory notices in newspapers.

The company is currently in the process of applying for certified copies of the order and scheme from the NCLT. All regulatory authorities have been directed to act upon production of the certified copy of the order duly signed by the designated Registrar of the Tribunal.