Karachi: Trust Securities & Brokerage Limited (TSBL) has announced an Extraordinary General Meeting (EOGM) scheduled for December 17, 2025, in Karachi. The meeting will address both ordinary and special business matters, including the subdivision of the company’s share capital and the approval for the formation of a wholly-owned Information Technology subsidiary.
The meeting, to be held at 3:30 p.m. at Suite 401, 4th Floor, Business & Finance Centre, I.I. Chundrigar Road, will first seek to confirm the minutes of the last Annual General Meeting held on October 27, 2025. A significant agenda item is the proposed subdivision of TSBL’s share capital, which involves reducing the face value of each ordinary share from Rs. 10 to Re. 1. This change will increase the number of shares tenfold while maintaining the current authorized and paid-up capital structure. As a result, the authorized capital will shift from 75,000,000 ordinary shares of Rs. 10 each to 750,000,000 ordinary shares of Re. 1 each, and the paid-up capital from 30,000,000 ordinary shares of Rs. 10 each to 300,000,000 ordinary shares of Re. 1 each.
The proposed resolutions have been recommended by the Board of Directors to enhance market liquidity and broaden the shareholder base. The alteration necessitates amendments to specific clauses in the company's Memorandum and Articles of Association to reflect this change. According to information available from the Pakistan Stock Exchange (PSX), these changes align with regulatory requirements and aim to improve investor accessibility.
Additionally, the EOGM will deliberate on the formation of a wholly-owned subsidiary dedicated to Information Technology and related services. TSBL plans to establish this subsidiary as a Private Limited Company to engage in software development, system integration, data center operations, digital transformation, and data analytics. The proposal aims to enhance operational capacity and create new revenue opportunities for TSBL.
Shareholders will have the option to vote on these special resolutions through e-voting or postal ballot. E-voting will commence on December 13, 2025, and close on December 16, 2025. Postal ballots must be submitted by the same deadline. The company has outlined detailed procedures for both voting methods and emphasized the importance of ensuring all documentation is submitted correctly.
The meeting’s notice, along with relevant documents, is available on the company’s website. Shareholders are encouraged to review the materials and participate in the decision-making process.