Trustwave Securities' Company Secretary Reet Phulwani Steps Down

Trustwave Securities Limited , a company listed on the BSE (Scrip Code: 508963), has announced a significant change in its key personnel. On November 18, 2025, Ms. Reet Phulwani resigned from her position as the Company Secretary and Compliance Officer, citing other professional commitments.

Immediate Effect and Implications

The resignation, which took effect immediately, has several implications for the company:

Key Managerial Personnel Change: With Ms. Phulwani's departure, she also ceases to be a Key Managerial Personnel of Trustwave Securities Limited.
Compliance Role Vacancy: The company now faces the task of filling a critical compliance position.
Regulatory Disclosure: In line with regulatory requirements, Trustwave Securities Limited has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Resignation

To provide a clear picture of the change, here are the key details of Ms. Phulwani's resignation:

Particular	Detail
Name	Ms. Reet Phulwani
Position Resigned From	Company Secretary and Compliance Officer
Reason for Resignation	Other professional commitments
Effective Date	November 18, 2025
Impact on KMP Status	Ceases to be Key Managerial Personnel

Company's Next Steps

While the company has not yet announced a replacement, the board may need to initiate the process of finding a suitable candidate to fill this crucial role. The position of Company Secretary and Compliance Officer is vital for ensuring adherence to regulatory requirements and maintaining good corporate governance practices.

Investors and stakeholders may be keen to see how Trustwave Securities Limited addresses this change in its compliance functions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-14.18%	-6.54%	-27.44%	-39.93%	-50.51%

Trustwave Securities Limited, formerly known as Sterling Guaranty Finance Limited, has released its unaudited standalone financial results for the quarter and half-year ended September 30, 2025. The company's Board of Directors approved these results during a meeting held on November 8, 2025.

Key Financial Highlights

Particular	Amount (in crores)
Equity Share Capital	653.76
Equity Attributable to Owners	(101.58)

Board Meeting Details

The board meeting, which took place on November 8, 2025, commenced at 5:00 p.m. and concluded at 5:20 p.m. Prior to the board's approval, the Audit Committee reviewed the financial results, which were accompanied by a Limited Review Report from the company's statutory auditors, Vinod S. Mehta Co.

Financial Compliance

The auditors have confirmed that the financial statements comply with applicable accounting standards and disclosure requirements under SEBI regulations. This adherence to regulatory standards underscores the company's commitment to transparency and financial integrity.

Company Overview

Trustwave Securities Limited, operating under the CIN No. L65990MH1983PLC031384, has its registered office at B-702, 7th Floor, Neelkanth Business Park, Kirol Village, Near Bus Depot, Vidyavihar (W), Mumbai – 400086.

It's worth noting that while the equity share capital stands at a substantial 653.76 crores, the negative balance of 101.58 crores in equity attributable to owners indicates potential financial challenges that may require further analysis.

Investors and stakeholders are advised to consider these financial results in the context of the company's overall performance and market conditions. As always, it's recommended to consult with financial advisors before making any investment decisions based on this information.