Karachi – July 10, 2026: ITANZ Technologies Limited has unveiled two significant corporate initiatives aimed at supporting its long-term growth strategy and enhancing shareholder value. The company’s Board of Directors has approved a proposal to increase its authorized share capital from Rs1.2 billion to Rs5 billion, alongside the issuance of a 10% interim bonus share issue for shareholders.
The proposed increase in authorized share capital, which remains subject to shareholder approval through a special resolution, will raise the company’s capital from 120 million ordinary shares of Rs10 each to 500 million ordinary shares of the same face value. The move is designed to provide the company with greater financial flexibility for future expansion, fundraising opportunities, and strategic initiatives. Following approval, the relevant clauses of the company’s Memorandum and Articles of Association will also be amended.
In addition, the Board has approved an interim bonus share issue at the rate of 10%, meaning shareholders will receive 10 bonus shares for every 100 shares held. The bonus shares will be issued through the capitalization of the company’s retained earnings and free reserves, reflecting the company’s sustained profitability and earnings growth over the past financial year and the subsequent half-year.
According to the company, the bonus issue is intended to reward shareholders without requiring any cash outflow while strengthening the company’s equity base. Management believes the increased number of shares in circulation will improve the free float and trading liquidity of iTANZ’s shares, supporting broader corporate governance objectives and creating long-term value for investors.
For the purpose of determining shareholder entitlement, the company’s share transfer books will remain closed for one day on July 21, 2026. Shareholders whose names appear on the register of members or in the Central Depository System (CDS) at the close of business on July 20, 2026, will qualify to receive the bonus shares, which will be credited in accordance with applicable regulatory procedures.
The Board has also resolved to capitalize Rs107.82 million from retained earnings to issue 10,782,150 fully paid ordinary shares under the bonus scheme. Furthermore, an Extraordinary General Meeting (EOGM) will be convened separately to seek shareholder approval for the proposed increase in authorized capital.
The announcements underscore iTANZ Technologies’ confidence in its financial position and future growth prospects. By strengthening its capital structure while rewarding shareholders, the company is positioning itself to pursue expansion opportunities and reinforce its presence in Pakistan’s technology sec
