Corporate Action20 Mar 2026, 12:27 pm
NCLT Approves Share Capital Reduction of Trustwave Securities Ltd
AI Summary
Trustwave Securities Ltd (formerly Sterling Guaranty & Finance Limited) has received approval from the National Company Law Tribunal (NCLT), Mumbai bench for the reduction of its share capital. The order was passed on 19th March, 2026. The company is currently in the process of applying for the certified copy of the order and the scheme of arrangement with the NCLT. The necessary steps to effect the order, including filing with the Registrar of Companies, will be taken within the prescribed timelines.
Key Highlights
- NCLT, Mumbai bench approves share capital reduction of Trustwave Securities Ltd
- Trustwave Securities Ltd was formerly known as Sterling Guaranty & Finance Limited
- Company is in process of applying for the certified copy of the Order and the Scheme of Arrangement with the NCLT
- Company will take necessary steps to give effect to the order within prescribed timelines
- Trustwave Securities Ltd was incorporated in 1983 and was initially registered with RBI as a Nonbanking Financial Company