Trust Securities & Brokerage Limited (PSX: TSBL) has approved a significant increase in its paid-up share capital through the issuance of 450 million ordinary shares via a rights issue. The decision was made during the company’s Board of Directors meeting on January 19, 2026, and represents a strategic step toward strengthening the company’s equity base.
Under the approved plan, existing shareholders will be offered 1.5 rights shares for every 1 ordinary share held, reflecting a 150% entitlement. Each rights share will have a face value of Rs1 and will be offered at par with no premium, according to the official filing submitted to the Pakistan Stock Exchange.
If fully subscribed, the rights issue will add Rs450 million to TSBL’s paid-up capital. The closure dates for the share transfer books, which are necessary to determine shareholders’ entitlement to the rights shares, will be announced following the finalization of the offer letter and supporting documentation.
Key documents accompanying the rights issue include detailed information on the structure of the offer, issue size, pricing, intended use of proceeds, potential risk factors, and minimum subscription requirements. Certified extracts of the board resolution, along with a draft notice of the rights issue and proposed book closure, have been prepared for publication.
The rights issue reflects Trust Securities & Brokerage Limited’s ongoing commitment to capital strengthening and sustainable growth, providing the company with additional financial resources to support its operational and strategic initiatives.
This development is expected to enhance shareholder value and reinforce investor confidence, ensuring that TSBL remains well-positioned to capitalize on emerging opportunities in Pakistan’s financial and securities markets.
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