Karachi: In a notable transaction within the tech sector, Muhammad Ismail Ajmal, a substantial shareholder of ITANZ Technologies Limited, has reportedly sold a considerable portion of his holdings in the company. As per the notice dated June 19, 2026, issued under Pakistan Stock Exchange Regulation 5.6.4, the transaction was executed on June 12, 2026.

The transaction involved the sale of 200,000 shares at a rate of 52.00 each. This sale impacts Ajmal's position, bringing his cumulative shareholding to 15.44 million shares, which now represents 14.32% of the company's total shares. According to information available from the Pakistan Stock Exchange (PSX), this transaction is classified as a very large or significant move due to its impact on the shareholder's ownership percentage.

This development is indicative of potential strategic changes within ITANZ Technologies Limited, although the company has yet to comment on the implications of this transaction for its future operations or governance.