Master Trust Announces Equity Share Sub-division To Enhance Liquidity

Master Trust Limited (BSE Scrip Code: 511768), a leading broking and investment platform, has announced a sub-division (stock split) of its existing equity shares. This initiative aims to enhance market liquidity and make shares more affordable, thereby attracting a wider range of investors. The Company's Board of Directors approved the move on August 7, 2024, and it was approved by shareholders during the Annual General Meeting on September 30, 2024. This step underscores Master Trust's commitment to increasing shareholder value and improving accessibility for individual investors.

As part of this strategic initiative, each existing equity share with a face value of Rs. 5 will be split into five shares, each with a face value of Re. 1. The record date for this sub-division is set for October 30, 2024, marking a significant milestone for the company, as transactions under the old ISIN, INE677D01029, will cease to be valid from this date onward. The company has received a new ISIN, INE677D01037 for the newly structured shares.

This share split will increase the total number of equity shares. While the company's authorized share capital will remain at Rs. 13 crores, the total number of shares will rise from 2.6 crore shares at a face value of Rs. 5 each to 13 crore shares at a face value of Re. 1 each. By increasing the number of shares and making them more affordable, the sub-division aims to expand Master Trust's shareholder base and encourage greater engagement among individual investors.

This sub-division of shares is a proactive step to enhance shareholder value and support financial inclusion in the equity markets, providing opportunities for a diverse range of investors to participate in the company's growth. Master Trust's ongoing commitment to create value and improve access to its shares reflects its dedication in meeting the needs of shareholders and the broader investment community.

Master Trust is one of the Leading Financial Services groups with an experience of more than 39 years, it provides a broad range of financial products and services to individuals and corporations. With a vision to be a well-diversified financial service provider for wealth creation, Master Trust has built a unified platform that caters to all kinds of investment needs. The company offers investors and traders the best user interface and experience nationwide and has grown to an advanced level by providing an online presence of its products and services to its audience.