PSX Listed Brokerage House Unveils 10-for-1 Stock Split to Build Data Centres

Trust Securities & Brokerage Limited has announced a restructuring plan featuring a ten-for-one share split and the formation of a wholly-owned subsidiary to operate a full-scale data centre and data warehouse business. In a notice to the Pakistan Stock Exchange on Monday, the company said its Board has approved reducing the share face value from Rs. 10 to Rs. 1. After approval at the Extraordinary General Meeting, the paid-up capital of 30 million shares will be converted into 300 million shares. The company will also establish a new subsidiary to run an integrated data infrastructure platform. It will operate a physical data centre covering power, cooling, hardware, and security, alongside data warehouse systems designed for analytics and business intelligence. Trust Securities said the initiative will provide end-to-end data storage and management capabilities to support digital operations and data-driven decision-making. Trust Securities was incorporated in 1993 amd holds a TREC of the Pakistan Stock Exchange. It is a member of the Pakistan Mercantile Exchange.