Karachi, June 6, 2026 — ITANZ Technologies Limited has announced that its Board of Directors has approved an investment of up to AUD 21.86 million (approximately PKR 4.344 billion) in ITANZ Infinity Pty Ltd, an associated company incorporated in Australia.
According to the company’s disclosure, the investment will enable ITANZ Technologies Limited to acquire a 51% equity stake in ITANZ Infinity Pty Ltd, strengthening its presence in the international technology market and expanding its strategic footprint in Australia.
The approved transaction will be settled over a period of five years under mutually agreed terms. The company also confirmed that it will be entitled to receive dividends from the date the shares are transferred, allowing shareholders to benefit from the investment’s potential returns from the outset.
As the transaction falls under the relevant provisions of the Companies Act, 2017, ITANZ Technologies Limited will seek approval from its shareholders through an Extraordinary General Meeting (EOGM). The meeting is scheduled for June 27, 2026, and will be held both physically and through a virtual video conference facility to facilitate broader participation.
The proposed acquisition reflects the company’s long-term growth strategy and its commitment to exploring international expansion opportunities. By securing a controlling stake in its Australian associate, ITANZ Technologies aims to enhance operational synergies, strengthen cross-border business prospects, and create value for its shareholders.
The announcement was made in compliance with Section 96 of the Securities Act, 2015 and the Pakistan Stock Exchange regulations governing material information disclosures.
