Karachi: iTANZ Technologies Limited has issued a regulatory compliance reminder to its shareholders regarding the issuance of 10% bonus shares, as approved by the Board of Directors on July 10, 2026. The reminder, dated August 4, 2026, aims to ensure that shareholders meet the necessary tax obligations related to the bonus shares.

The Share Registrar, M/s F.D. Registrar Services (Private) Limited, dispatched letters to shareholders on July 23, 2026, detailing the tax liability, payment procedures, and submission requirements. Shareholders are required to adhere to Section 236Z of the Income Tax Ordinance, 2001, by depositing tax on bonus shares at a rate of 10% for filers and 20% for non-filers to qualify for their bonus shares.

According to information available from the Pakistan Stock Exchange (PSX), shareholders must deposit the applicable tax amount into the designated bank account at Dubai Islamic Bank by August 7, 2026. Shareholders are also required to submit documentary evidence of payment and necessary identification details for verification and processing of their bonus shares.

The company has emphasized the importance of compliance, highlighting that failure to deposit the tax or provide requisite payment evidence by the deadline could result in delays or non-processing of bonus shares. In accordance with Section 236Z, if a shareholder does not fulfill these requirements within fifteen days of the issuance of bonus shares, iTANZ Technologies Limited reserves the right to dispose of such shares to cover the tax paid on behalf of the shareholder.

Shareholders are therefore urged to act promptly to safeguard their entitlements and avoid potential forfeiture of their bonus shares.