Karachi: iTANZ Technologies Limited has announced that its Board of Directors will convene on August 24, 2026, to deliberate on a proposal to subdivide its ordinary shares. The meeting is scheduled to occur at 11:00 a.m. at the University of Karachi’s Industrial Linkage and Technology Park, alongside an option for participation through electronic means.

The proposal, which seeks to split the company's ordinary shares, is contingent upon shareholder approval and adherence to statutory and regulatory requirements. Additionally, the board will address related issues, such as organizing a General Meeting of shareholders and proposing amendments to the company’s Memorandum and Articles of Association.

In compliance with Clause 5.6.4 of the PSX Regulations, iTANZ Technologies Limited has declared a Closed Period from August 17, 2026, to August 24, 2026. During this period, no Director, Chief Executive Officer, or Executive is permitted to engage in the trading of the company's shares. According to information available from the Pakistan Stock Exchange (PSX), this measure aligns with standard practices aimed at ensuring transparency and preventing insider trading.