Trustwave Securities Reduces Paid-up Share Capital by 95%
Trustwave Securities Ltd (formerly Sterling Guaranty & Finance Limited) announced a reduction in its paid-up share capital, approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The Board of Directors, in a meeting held on April 15, 2026, fixed April 27, 2026, as the Record Date for this purpose. The company's existing issued, subscribed, and fully paid-up Equity Share Capital will be reduced from ₹6,53,76,000 (65,37,600 shares of ₹10 each) to ₹32,68,800 (3,26,880 shares of ₹10 each). This 95% reduction is intended for financial restructuring and reconstruction, primarily to write off carried forward accumulated losses to present a true and fair view of the financial position, attract new revenue sources, and overcome financial difficulties.
Key Highlights
- NCLT approved a 95% reduction in Trustwave Securities' paid-up share capital.
- Record Date for the capital reduction has been set for April 27, 2026.
- Equity share capital will decrease from ₹6.54 Crore to ₹32.69 Lakhs.
- The reduction aims to write off accumulated losses and improve financial health.
- This restructuring is expected to attract new revenue and enhance future work.