Outcome of Board Meeting dated 15th April, 2026 pertaining to the Record Date for the purpose of Reduction in Paid-Up Share Capital of the Company.
Awaiting price reaction for this filing.
Trustwave Securities Limited has fixed April 27, 2026 as the Record Date for implementing a 95% reduction in its paid-up equity share capital, as approved by the NCLT Mumbai Bench on March 19, 2026. The issued and paid-up equity share capital will be reduced from INR 6,53,76,000 (65,37,600 shares of INR 10 each) to INR 32,68,800 (3,26,880 shares of INR 10 each). The stated purpose is financial restructuring and writing off accumulated losses of approximately INR 730.26 lakhs (as of March 31, 2024) to present a true and fair view of the company's financial position and attract new revenue sources.
This is a capital reduction/cancellation exercise, not a cash distribution to shareholders. Shareholders effectively lose 95% of their shares as the company writes off accumulated losses, with the remaining 5% representing their stake in the restructured entity.