Karachi: iTANZ Technologies Limited has announced the successful crediting of a portion of its withheld 10% interim bonus shares following the verification and reconciliation of tax payments by shareholders. According to the company's report dated August 17, 2026, this development follows the initial dispatch of bonus shares on July 23, 2026, which were not subject to withholding tax.
On July 24, 2026, iTANZ Technologies Limited had credited or dispatched 9,655,373 bonus shares to shareholders. This included 414,339 physical shares and 9,241,034 shares credited into the Central Depository System (CDS), representing the direct entitlement and 10% allotment to filer or exempted shareholders. However, an additional 1,126,777 bonus shares were withheld pending tax verification.
As of August 12, 2026, a further 777,587 bonus shares have been credited or dispatched to shareholders whose tax payment details have been verified. This tranche comprised 529 physical shares and 777,058 shares credited into the CDS. This action was confirmed with the Central Depository Company of Pakistan Limited via Bonus Confirmation Letters dated August 13, 2026. The remaining bonus shares are still pending due to ongoing verification and reconciliation processes.
According to information available from the Pakistan Stock Exchange (PSX), the pending shares include 20,301 shares awaiting tax detail verification and reconciliation, 328,304 shares pending bank statement reconciliation, and 585 shares requiring fractional entitlement adjustment. Shareholders who have submitted their tax payments but have not received their bonus shares are urged to provide the necessary documentation to facilitate verification and crediting.
The company has advised shareholders who have yet to pay the applicable withholding tax to do so by August 20, 2026. Failure to comply will result in the sale of the withheld bonus shares in the open market, with the proceeds being deposited with the relevant tax authorities. iTANZ Technologies Limited has committed to keeping the exchange informed of the status of the remaining pending bonus shares.