⚡ Flash Summary

Beco Steel Limited announced the sub-division of its ordinary shares, changing the face value from Rs. 10/- to Rs. 1/- per share. This adjustment was credited to shareholders’ accounts maintained with the Central Depository Company of Pakistan Limited (CDC) as of November 15, 2025. Consequently, the company’s subscribed and paid-up capital now consists of 1,249,625,100 ordinary shares of Rs. 1/- each, restructured from 124,962,510 ordinary shares of Rs. 10/- each. Shareholders holding physical shares are required to surrender their old share certificates to the Company’s Shares Registrar for exchange.

📌 Key Takeaways

• 🔄 Beco Steel sub-divided its shares, changing the face value from Rs. 10 to Rs. 1.
• 🗓️ The share sub-division was credited to shareholder accounts on November 15, 2025.
• 🏦 The revised capital structure now includes 1,249,625,100 ordinary shares at Rs. 1 each.
• 📃 Shareholders with physical shares need to surrender old certificates for new ones.
• 🏢 The sub-division doesn’t alter the rights and privileges of the shares.
• ✅ Special resolutions were passed in an AGM on October 28, 2025, approving the sub-division.
• ⬆️ Authorized share capital increased from Rs. 1,500,000,000 to Rs. 3,000,000,000.
• 📑 Necessary documents like Form-7 and Form-26 have been submitted to regulatory authorities.
• 📊 Total outstanding shares post-subdivision are 1,249,625,100.
• 🔒 Free float of shares stands at 302,334,950 as of November 15, 2025.
• 🏢 Auditor’s certificate confirms the revised number of shares due to the face value change.
• 📜 The Central Depository Company of Pakistan (CDC) has revised holdings in CDS accounts.

🎯 Investment Thesis

A HOLD rating is appropriate as the stock split is a neutral event. While increased liquidity might provide some upside, there’s no fundamental change in the company’s prospects. A price target would require a thorough analysis of future earnings and sector outlook. The time horizon is MEDIUM_TERM, pending further financial performance.