Karachi: In a significant development on the Karachi stock market, Itanz Technologies Limited, formerly known as Zahur Cotton Mills Limited, has announced a change in its sector classification from Textile Composite to Technology & Communication. This change will take effect from Friday, February 6, 2024, marking a pivotal shift in the company’s strategic direction.

The decision follows a prior notification issued on July 21, 2025, under PSX Notice No. PSX/N-761, which detailed the company’s rebranding from Zahur Cotton Mills Limited to Itanz Technologies Limited. The shift in the principal line of business has prompted the company to realign its sector classification, aligning with its new focus on technology and communication.

According to information available from the Pakistan Stock Exchange (PSX), this sector change is expected to reflect the company’s renewed business strategy and operational focus. Stakeholders and market participants have been duly informed of this transition and are advised to update their records accordingly.

This transition is anticipated to have implications on the company’s market dynamics, potentially influencing investor perceptions and trading activities as Itanz Technologies Limited navigates its new path within the Technology & Communication sector.