Lahore: ITANZ Technologies Limited has announced its decision to invest up to AUD 21,857,641, approximately PKR 4.344 billion, in ITANZ Infinity Pty Ltd, an Australian company. The decision was approved by the Board of Directors during a meeting held on June 6, 2026. This investment will secure a 51% equity stake in the associated company.

According to the report dated June 8, 2026, the settlement of the total investment amount will be completed over a five-year period. ITANZ Technologies Limited will also be eligible to receive dividends from the date the shares are transferred. The investment plan is subject to approval by the company's members under Section 199 of the Companies Act, 2017. An Extra Ordinary General Meeting (EOGM) is scheduled for June 27, 2026, at 10:00 A.M at the LSE Auditorium in Lahore, as well as virtually through a video conference facility.

According to information available from the Pakistan Stock Exchange (PSX), this strategic move positions ITANZ Technologies Limited to expand its footprint in the Australian market by acquiring a majority stake in ITANZ Infinity Pty Ltd. The company has directed the TRE certificate holders of the exchange to be informed of this development.

This investment marks a significant milestone for ITANZ Technologies Limited as it seeks to enhance its international presence and strengthen its market portfolio. The company’s initiative reflects a commitment to sustained growth and diversification.