Corporate Action16 Apr 2026, 11:36 am
Trustwave Securities fixes April 27 record date for 95% capital reduction
AI Summary
Trustwave Securities Ltd (formerly Sterling Guaranty & Finance Limited) has fixed April 27, 2026, as the record date for a 95% reduction in its paid-up share capital. Approved by NCLT on March 19, 2026, the equity capital will decrease from ₹6,53,76,000 (65,37,600 shares) to ₹32,68,800 (3,26,880 shares). This financial restructuring aims to write off accumulated losses, present a true financial view, attract new revenue, and enhance future operations.
Key Highlights
- Record date for capital reduction is April 27, 2026.
- Equity share capital to be reduced by 95%.
- Capital will decrease from ₹6.54 Cr to ₹0.33 Cr.
- NCLT approved the capital reduction on March 19, 2026.
- Purpose is to write off accumulated losses and improve financials.
Price Impact
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