Description

BSE notifies trading members that Trustwave Securities Ltd has fixed a record date of 27 April 2026 for reduction of share capital, approved by the National Company Law Tribunal, Mumbai Bench. No dealings in equity shares are permitted from 27 April 2026.

Summary

BSE has issued a notice informing trading members that Trustwave Securities Ltd (Scrip Code: 508963) has fixed 27 April 2026 as the record date for a Reduction of Share Capital, as approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. Trading members are advised not to deal in the equity shares of the company effective 27 April 2026 (Settlement No. DR-618/2026-2027).

Key Points

  • Record date for reduction of share capital is 27 April 2026
  • No dealings in equity shares of Trustwave Securities Ltd permitted from 27 April 2026
  • Suspension settlement reference: DR-618/2026-2027
  • Capital reduction is NCLT-approved under a Scheme of Reduction of Capital
  • Equity share capital is being reduced from Rs. 6,53,76,000 (65,37,600 shares of Rs. 10 each) to Rs. 32,68,800 (3,26,880 shares of Rs. 10 each)
  • Capital reduction is approximately 95% — from 65,37,600 shares to 3,26,880 shares

Regulatory Changes

The share capital restructuring reduces the issued, subscribed, and paid-up equity share capital of Trustwave Securities Limited as follows:

  • Before reduction: Rs. 6,53,76,000 divided into 65,37,600 equity shares of Rs. 10 each, fully paid-up
  • After reduction: Rs. 32,68,800 divided into 3,26,880 equity shares of Rs. 10 each, fully paid-up

This reduction was sanctioned by the Hon’ble NCLT, Mumbai Bench.

Compliance Requirements

  • Trading members must not deal in equity shares of Trustwave Securities Ltd (508963) from 27 April 2026
  • Members are requested to take note of the suspension and communicate this to their clients

Important Dates

  • Notice Date: 23 April 2026
  • Record Date: 27 April 2026
  • No Dealings / Suspension Effective: 27 April 2026 (Settlement No. DR-618/2026-2027)

Impact Assessment

This is a significant corporate action with high impact on existing shareholders and the market. The capital reduction shrinks the number of outstanding shares by approximately 95%, which typically occurs when a company is cancelling shares to offset accumulated losses or restructuring its balance sheet under regulatory oversight. Trading in the scrip is suspended effective the record date, meaning no secondary market transactions are possible on or after 27 April 2026 until further notice. Shareholders holding the stock prior to the record date will be affected by the capital reorganisation as per the NCLT-approved scheme.

Impact Justification

Trading in the equity shares of Trustwave Securities Ltd is suspended from 27 April 2026 due to a court-approved capital reduction, directly affecting shareholders and trading members.