Please find attached the revised intimation of record date for capital reduction of share capital of the company. This intimation covers the entire set of annexures as per the letter which ....
Awaiting price reaction for this filing.
Trustwave Securities Limited (formerly Sterling Guaranty & Finance Limited) has fixed April 27, 2026 as the Record Date for implementing a capital reduction approved by NCLT Mumbai. The company's paid-up equity share capital will be reduced by 95% from ₹6.53 crore (65,37,600 shares of ₹10 each) to ₹32.69 lakh (3,26,880 shares of ₹10 each). This reduction will entirely wipe out accumulated losses of approximately ₹7.30 crore as of March 31, 2024. No cash payment will be made to shareholders - the cancellation is purely for balance sheet cleanup. The company was formerly an NBFC but surrendered its RBI license in December 2023. New management aims to restart operations and attract investors with a cleaner balance sheet.
Shareholders will see their shareholding proportion maintained but face value exposure reduced by 95%. The company gains a cleaner balance sheet to pursue new business opportunities, though the stock may experience volatility due to the significant capital restructuring.