⚡ Flash Summary

Trust Securities & Brokerage Limited (TSBL) announced the sub-division of its ordinary shares, changing the face value from Rs. 10/- to Re. 1/- per share, effective December 26, 2025. This technical adjustment increases the number of ordinary shares from 30,000,000 to 300,000,000 while keeping the total subscribed and paid-up capital unchanged at Rs. 300,000,000. The sub-division is pursuant to Section 85(1)(c) of the Companies Act, 2017, and does not alter shareholders’ rights or the company’s fundamental value, but it may enhance liquidity and retail investor accessibility.

📌 Key Takeaways

• 📅 Date of announcement: December 29, 2025, confirming earlier notice from December 19, 2025.
• ➡️ Share face value sub-divided from Rs. 10/- (Rupees Ten) to Re. 1/- (Rupee One).
• ⬆️ Number of ordinary shares increased from 30,000,000 to 300,000,000.
• 💰 Total subscribed and paid-up capital remains unchanged at Rs. 300,000,000.
• ✅ The sub-division complies with Section 85(1)(c) of the Companies Act, 2017.
• 🗓️ Shares reflecting the new face value were credited to CDC accounts as of December 26, 2025.
• 🛡️ Shareholder rights and privileges remain unaltered post-sub-division.
• 📝 Shareholders with physical certificates must submit/surrender them for new certificates.
• 💡 The primary impact is a proportional reduction in share price, making shares theoretically more accessible.
• 📈 Potential for increased market liquidity due to a larger number of shares at a lower price point.
• 🚫 No direct impact on the company’s intrinsic value or financial performance.
• 📄 The notice serves as an update following shareholder special resolutions and completion of formalities.

🎯 Investment Thesis

Given the information provided, TSBL’s share sub-division is a technical capital structure adjustment with no change to the company’s fundamental value or its total equity. The conversion from Rs. 10/- face value to Re. 1/- face value, increasing the share count from 30 million to 300 million, maintains the company’s total paid-up capital at Rs. 300,000,000. While this move could potentially enhance market liquidity and retail investor accessibility by lowering the per-share trading price, it does not provide new information regarding the company’s financial performance, growth prospects, or competitive position. Therefore, based solely on this announcement, the investment signal is HOLD. A BUY or SELL recommendation would require a comprehensive analysis of the company’s financial results, industry outlook, and market conditions, which are not presented here.