Trustwave Securities Limited (formerly Sterling Guaranty & Finance Limited) has scheduled its 42nd Annual General Meeting (AGM) for Thursday, September 24, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 1:00 pm.

The company, listed on the BSE Limited with scrip code 508963, issued the notice on August 31, 2026. The primary agenda includes the adoption of the Audited Standalone Financial Statements for the fiscal year ended March 31, 2026.

Board and Governance Updates

Shareholders will vote on the reappointment of Mrs. Naliny Kharwad (DIN: 02001739) as a Director. She retires by rotation at this meeting and has offered herself for re-appointment. Mrs. Kharwad currently serves as the Managing Director of the company.

According to the profile disclosed in the notice, Mrs. Kharwad is a Commerce Graduate with over 14 years of experience in accounts, finance, and corporate management. She attended all six board meetings held during FY26. As of March 31, 2026, she holds no equity shares in Trustwave Securities Limited. Her husband, Deepak Kharwad, serves as the Chairman and Director of the company.

Virtual Meeting and Voting Procedures

The Ministry of Corporate Affairs (MCA) General Circular No. 03/2025 permits the holding of AGMs via VC/OAVM. Consequently, physical attendance is dispensed with, and proxy appointments are not available for this meeting. The registered office in Mumbai will be deemed the venue.

Central Depository Services (India) Limited (CDSL) will facilitate remote e-voting. The voting window opens on Monday, September 21, 2026, at 9:30 am and closes on Wednesday, September 23, 2026, at 5:00 pm. Only members holding shares as on the cut-off date of Thursday, September 17, 2026, are eligible to vote.

Key Dates and Logistics

Members wishing to raise queries must submit them via email to sterlingguarantyfinancelimited@gmail.com by Thursday, September 10, 2026. The facility for VC/OAVM participation will be available to at least 1,000 members on a first-come, first-served basis, excluding large shareholders holding 2% or more shares, promoters, and institutional investors.

Tembo Global Industries Limited issued a corrigendum to its extraordinary general meeting (EGM) notice, providing detailed clarity on the utilization of proceeds from its proposed preferential share issue. The company scheduled the EGM for September 4, 2026, to transact business related to the capital raise. The updated explanatory statement outlines specific deployment strategies for the funds across its engineering, procurement, and construction (EPC) and defence sectors.

The total estimated amount to be utilized from the issue proceeds is ₹114 crore. The board intends to deploy ₹25.50 crore towards investment in subsidiaries to support project execution and working capital requirements. An additional ₹3.00 crore is earmarked for investment in associates, primarily for EPC business expansion. These investments may be executed through equity contributions, preference shares, or inter-corporate loans as determined by the board.

Fund Allocation Breakdown

The largest portion of the capital raise, ₹57.00 crore, represents 50% of the total proceeds and is designated for strengthening the company’s working capital position. This funding aims to address timing differences between project expenditures and receivable collections, supporting the execution of existing and prospective order books across its EPC, defence, and solar-related businesses.

The remaining ₹28.50 crore, constituting 25% of the proceeds, is allocated for general corporate purposes. This includes administrative expenditure, statutory compliance, professional fees, technology upgrades, and business development activities. The board retains discretion to determine specific allocations within this category based on evolving business requirements.

What the Numbers Show

The capital structure adjustment involves a significant shift in shareholding dynamics contingent upon warrant conversion. The corrigendum details that pre-issue shareholdings of key allottees, including Fatema Shabbir Kachwala and Taruna Piyush Patel, have been sub-divided from face value of ₹10 to ₹1 per equity share. Furthermore, the post-issue diluted shareholding calculations assume the full subscription and subsequent conversion of 12 lakh warrants (sub-divided into 1.2 crore warrants) approved by members in September 2025. This indicates a planned dilution event that will expand the equity base significantly upon conversion, linking the current preferential issue to prior warrant approvals.