ITANZ Technologies approves bonus issue, capital hike

July 10, 2026 (MLN): ITANZ Technologies Limited's (PSX:ITANZ) board has approved a 10% interim bonus share issue for shareholders for the year ending June 30, 2026, along with a proposed increase in the company's authorized share capital.

Under the bonus issue, shareholders will receive 10 shares for every 100 shares held, through capitalization of the company's free reserves/retained earnings, without any cash outflow.

The board held detailed deliberations on the company's financial performance, sustained profitability and earnings growth over the last financial year and subsequent half-year before approving the issue in exercise of powers under Regulation 4 of Chapter III of the Companies (Further Issue of Shares) Regulations, 2020 read with the Companies Act, 2017.

The board is of the view that the bonus issue will strengthen the company's equity and capital base, improve free-float and liquidity of its shares, and support its broader strategic objective of enhancing shareholder value and corporate governance.

Subject to shareholders' approval by way of a special resolution, the board also proposed increasing the authorized share capital to Rs5bn, divided into 500m ordinary shares of Rs10 each, from the existing Rs1.2bn divided into 120m ordinary shares of Rs10 each.

Consequent to the increase, the relevant clauses of the Memorandum and Articles of Association will be amended, subject to requisite regulatory approvals.

The Share Transfer Books of the company will remain closed for a single day, on Tuesday, July 21, 2026, for determining entitlement to the bonus shares.

Shareholders whose names appear in the Register of Members, or in the CDS sub-accounts/participant accounts as at the close of business on Monday, July 20, 2026 (the record date), will be entitled to receive the bonus shares, which will be credited to their respective CDS accounts.

The aforementioned information was disseminated through a notification to Exchange.

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