Lahore: Itanz Technologies Limited, formerly known as Zahur Cotton Mill Limited, has made significant announcements following a board meeting held on August 25, 2025. These decisions are poised to impact current and prospective shareholders as the company continues to evolve in its operations.
The board of directors reported that the company has attained Central Depository Company (CDC) eligibility, a move that is expected to streamline shareholder transactions. Management has been instructed to inform shareholders of this development, urging them to convert their physical share certificates into the Central Depository System (CDS). A formal notice will be published in both English and Urdu newspapers on August 26, 2025. Shareholders have been advised to reach out to the company's Share Registrar, Corplink (Pvt) Limited, located in Lahore, for further assistance.
Additionally, the board emphasized the importance of regulatory compliance regarding the allotment of shares to new sponsors. The management has been tasked with accelerating the process of obtaining the necessary approvals in line with the Scheme of Arrangement approved by the Lahore High Court.
A crucial element of the meeting involved requests directed to the Pakistan Stock Exchange (PSX). The board has resolved to ask PSX for the removal of trading restrictions on shares held by the outgoing sponsors. Furthermore, the company seeks to be removed from the Defaulters' Counter, advocating for the immediate reinstatement of trading in its shares.
According to information available from the Pakistan Stock Exchange (PSX), these requests have been made to ensure a smooth transition and reintegration of Itanz Technologies Limited within the active stock trading community. The PSX has been requested to communicate these developments to its Trading Right Entitlement Certificate (TREC) holders.
The company’s recent moves, categorized as a Big move, indicate a concerted effort to optimize shareholder engagement and enhance transparency within the market. As Itanz Technologies Limited continues to align its operations with regulatory standards, the stakeholders remain attentive to the unfolding changes.