Trustwave Securities Announces Record Date for Reduction in Paid-up Share Capital
Trustwave Securities Ltd, formerly known as Sterling Guaranty & Finance Limited, has announced the fixing of a Record Date to effect the reduction of its paid-up share capital. This move follows the approval of the Scheme of Reduction in Share Capital by the National Company Law Tribunal (NCLT), Mumbai Bench.The company stated that during its Board Meeting held on April 15, 2026, it fixed Monday, April 27, 2026, as the Record Date for the reduction of paid-up Equity Share Capital. This reduction is giving effect to the Scheme of Reduction approved by the NCLT, Mumbai Bench, through an order dated March 19, 2026.
Changes in Capital Structure
With effect from the Record Date, the existing issued, subscribed, and fully paid-up Equity Share Capital of Trustwave Securities Ltd will undergo a significant reduction.The capital is scheduled to reduce from:
- INR 6,53,76,000 (Indian Rupees Six Crore Fifty-Three Lakhs Seventy-Six Thousand Only)
- Divided into 65,37,600 Equity Shares of INR 10 each
To:
- INR 32,68,800 (Indian Rupees Thirty-Two Lakhs Sixty-Eight Thousand Eight Hundred Only)
- Divided into 3,26,880 Equity Shares of INR 10 each
The reduction in the company’s share capital is set to undertake financial restructuring and reconstruction, allowing the company to write off carried forward accumulated losses to the maximum possible extent.
The operational and financial changes are detailed in the following summary:
| Parameter | Pre-Reduction Capital | Post-Reduction Capital |
|---|---|---|
| Issued/Subscribed Equity Shares | 65,37,600 | 3,26,880 |
| Total Capital Amount | INR 6,53,76,000 | INR 32,68,800 |
| Face Value Per Share | INR 10 | INR 10 |
Strategic Objectives of the Reduction
The board stated that the reduction in paid-up capital is aimed at presenting a true and fair view of the company’s financial position. The strategic objectives anticipated from this capital restructuring include:- Enabling the company to overcome financial difficulties and improve its work in the future.
- Attracting a new source of revenue by reflecting the true financial statement.
- Establishing a more efficient capital structure, which is expected to benefit shareholders in terms of enhanced return on equity capital, return on capital employed, and dividend yield on face value of shares.
- Providing the company with sufficient resources to fund proposed expansion.
Stock Price Movement
Trustwave Securities Ltd shares closed up 4.39% on Wednesday, settling at ₹16.42. The stock traded through its intraday range, bouncing between a low of ₹16.42 and a high of ₹16.50.Source:
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