Please find attached the financial results for the quarter ended 30th September, 2025.
Awaiting price reaction for this filing.
Trustwave Securities Ltd (formerly Sterling Guaranty & Finance Ltd) reported zero revenue from operations and zero other income for Q2 FY26 and H1 FY26, meaning the company had no business activity during the period. Total expenses of Rs 8.03 lakh in H1 pushed the company to a net loss of Rs 7.99 lakh, slightly worse than the Rs 6.74 lakh loss in H1 FY25, with EPS of negative Rs 0.12. The balance sheet shows negative net worth of Rs 101.58 lakh (accumulated losses exceeding share capital of Rs 653.76 lakh) and non-current borrowings of Rs 173.51 lakh. Operating cash flow was negative at Rs 6.29 lakh, though financing activities added Rs 11.24 lakh, leaving cash at Rs 5.13 lakh. The statutory auditor issued a clean limited review report with no qualifications.
This is a shell-like company with no revenue, persistent losses, and negative shareholder equity, which is a significant red flag for retail investors. The stock is essentially a non-operating entity propped up by borrowings, making it highly risky.