Lahore: iTANZ Technologies Limited, a key player in the designated market category of technology services, held an Extraordinary General Meeting on June 27, 2026, where significant resolutions were passed by its shareholders. The meeting took place at the LSE Auditorium in Lahore and was accessible via video link, ensuring broader participation.

The meeting began with the confirmation of the minutes from the previous Extraordinary General Meeting held on December 31, 2025. This procedural step was resolved with unanimous consent.

A major highlight of the meeting was the approval for a substantial investment in ITANZ Infinity Pty Limited, an associated company based in Australia. The shareholders authorized an investment of up to AUD 21,857,641, which is equivalent to approximately PKR 4.34 billion. This investment aims to secure a 51% equity stake in the Australian company. This strategic move is in accordance with Section 199 of the Companies Act, 2017 and aligns with ITANZ's expansion objectives.

Another resolution passed at the meeting involved the modernization of financial communication. The company received approval to transmit its annual audited financial statements and notices of general meetings through a QR code or weblink. This digital transition follows the guidelines set forth in S.R.O. 389(I)/2023 dated March 21, 2023, by the Securities and Exchange Commission of Pakistan, aiming to enhance accessibility and efficiency in shareholder communications.

According to information available from the Pakistan Stock Exchange (PSX), these developments are part of ITANZ's ongoing efforts to strengthen its market position and leverage technological advancements for operational improvements. The resolutions passed reflect a forward-looking strategy that embraces both international investment opportunities and digital transformation.