Oct 27, 2026, 11:10 AM
TSBL shareholders approve authorized capital increase, virtual asset services and SPAC proposals at 33rd AGM
AGM / EGMTrust Securities & Brokerage Limited submitted certified resolutions adopted at its 33rd Annual General Meeting held on October 26, 2026. Shareholders approved the annual audited financial statements and auditor reappointment, increased authorized capital from Rs. 750 million to Rs. 1 billion, approved pursuing regulated virtual asset services, and authorized establishment and sponsorship of a SPAC, subject to regulatory approvals.
Key Findings
- The 33rd AGM was held on October 26, 2026 at the company's Karachi head office.
- Shareholders approved increasing authorized capital from Rs. 750 million to Rs. 1 billion, comprising 1 billion ordinary shares of Rs. 1 each.
- The company received shareholder approval to pursue virtual asset services and apply for relevant PVRA licenses, subject to regulatory approvals and licensing.
- Shareholders approved establishment, sponsorship, promotion and/or investment in a SPAC, subject to applicable regulatory approvals.
- The audited financial statements for the year ended June 30, 2026 were approved, and Reanda Haroon Zakaria Aamir Salman Rizwan & Company was reappointed as statutory auditor for 2026–2027.
Meeting Details
Meeting
Annual general meeting
Date
Oct 26, 2026, 3:30 PM
Venue
Suite No. 401, 4th Floor, Business & Finance Centre, I.I. Chundrigar Road, Karachi
Meeting Details
Agenda
- Ordinary business: confirmation of minutes of the April 1, 2026 EOGM; approval of annual audited financial statements for the year ended June 30, 2026; reappointment of statutory auditors for 2026–2027.
- Special business: increase authorized share capital from Rs. 750 million to Rs. 1 billion and amend the Memorandum and Articles of Association accordingly.
- Special business: pursue virtual asset services, including applications for relevant licenses and approvals from PVRA and other regulators.
- Special business: establish, sponsor, promote and/or invest in a Special Purpose Acquisition Company (SPAC), subject to applicable approvals.
Resolutions
- Confirmed minutes of the EOGM held April 1, 2026.
- Approved annual audited financial statements for the year ended June 30, 2026 and the auditors' and directors' reports.
- Reappointed Reanda Haroon Zakaria Aamir Salman Rizwan & Company as statutory auditors for 2026–2027.
- Increased authorized capital from Rs. 750,000,000 divided into 750,000,000 ordinary shares of Rs. 1 each to Rs. 1,000,000,000 divided into 1,000,000,000 ordinary shares of Rs. 1 each, and authorized related amendments to the Memorandum and Articles of Association.
- Approved the company undertaking virtual asset services, subject to required regulatory approvals, licenses, registrations, permissions and no-objection certificates. Authorized applications for broker-dealer services and other permitted service categories, including custody, exchange, transfer and settlement, asset-reference token issuance, and fiat-reference token issuance.
- Authorized the company to establish, sponsor, promote and/or invest in a SPAC, subject to applicable regulatory approvals; the SPAC is intended to raise funds through a public offering for a merger, acquisition or other permitted business combination.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.