Karachi: iTANZ Technologies Limited (ITANZ) has announced the disposal of fractional bonus shares and the subsequent donation of the proceeds to charity. This development follows the company's prior announcement on July 10, 2026, regarding the issuance of interim 10% bonus shares for the fiscal year ending June 30, 2026.

The company's Board resolved to consolidate fractional entitlements arising from the bonus share issuance and sell them in accordance with prescribed procedures. The decision underscores ITANZ's commitment to corporate social responsibility, with the proceeds from these sales directed towards supporting charitable efforts.

According to information available from the Pakistan Stock Exchange (PSX), this move aligns with ITANZ's strategic efforts to manage fractional shares responsibly while contributing to social causes. The exact charitable institution set to receive the proceeds has not been disclosed.

This decision reflects a broader trend within the technology sector to engage in philanthropic activities, with companies leveraging corporate actions to make tangible impacts in communities.