Karachi: Trust Securities & Brokerage Limited has approved significant resolutions during its Extraordinary General Meeting held on December 17, 2025, as per the certified true copy of the meeting resolutions. These resolutions were passed in accordance with Clause 5.6.9(b) of the PSX Rule Book and have become effective immediately.
One of the key resolutions passed involved the alteration of the company's capital structure. In accordance with Section 85(1)(c) of the Companies Act, 2017, and Article 4 of the Articles of Association, the face value of each ordinary share will be changed from Rupees Ten (Rs. 10/-) to Rupee One (Re. 1/-). This move subdivides each share into ten ordinary shares of Re. 1/- each without altering the rights and privileges attached to the shares. The authorized capital will be subdivided from 75 million ordinary shares of Rs. 10/- each to 750 million ordinary shares of Re. 1/-, while the issued, subscribed, and paid-up capital will be subdivided from 30 million ordinary shares of Rs. 10/- each to 300 million ordinary shares of Re. 1/- each.
According to information available from the Pakistan Stock Exchange (PSX), the move to alter the capital structure represents a strategic decision by Trust Securities & Brokerage Limited to enhance its market presence and operational flexibility. The changes will be reflected in Clause V of the Memorandum of Association and Article 4 of the Articles of Association.
In addition to the share subdivision, a resolution was also passed to establish a wholly-owned subsidiary of Trust Securities & Brokerage Limited. This subsidiary, to be incorporated as a Private Limited Company, will focus on Information Technology and related services. The scope of operations will include software development, system integration, data center and data warehouse services, digital transformation, data analytics, and other technology-driven solutions in compliance with the Companies Act, 2017 and relevant SECP regulations.
The resolutions authorize the Chief Executive Officer or the Company Secretary to take necessary actions to implement these changes, including corporate and legal formalities, regulatory requirements, and the announcement of closure of Members' Registers.