Karachi: iTANZ Technologies Limited, in a significant move, has announced an increase in its authorized share capital and the issuance of interim bonus shares for the year ending June 30, 2026. The company's Board of Directors, in a meeting held on July 10, 2026, approved these measures, which are aimed at enhancing shareholder value and strengthening the company's capital base.
The Board has proposed a substantial increase in the authorized capital of the company from PKR 1.20 billion to PKR 5.00 billion. This change, subject to shareholder approval via a special resolution, will involve amending the relevant clauses of the Memorandum and Articles of Association. The current capital is divided into 120 million ordinary shares of PKR 10 each, and the proposal aims to expand this to 500 million shares.
In addition to the capital increase, the Board has approved the issuance of interim bonus shares to its ordinary shareholders. According to information available from the Pakistan Stock Exchange (PSX), the bonus shares will be issued at a ratio of 10%—meaning 10 shares for every 100 shares held. This decision reflects the company's sustained profitability and growth, as well as its commitment to rewarding shareholders by capitalizing on profits without any cash outflow.
The Share Transfer Books of iTANZ Technologies will be closed for a single day on Tuesday, July 21, 2026, to determine the entitlement of shareholders to these bonus shares. Shareholders whose names are registered as of the close of business on Monday, July 20, 2026, will be eligible to receive the bonus shares. This process is in compliance with regulatory amendments effective from October 1, 2025, which streamline the bonus issue process to conclude within eleven days.
The proposed increase in authorized capital will be presented for approval in an upcoming Extra-ordinary General Meeting (EOGM), with notice to shareholders to follow promptly. These strategic moves by iTANZ Technologies are part of the company's broader objectives of improving free-float liquidity and reinforcing strong corporate governance practices.