ITANZ Technologies urges conversion of physical shares to book entry

January 30, 2026 (MLN): ITANZ Technologies Limited (PSX:ITANZ) has reminded shareholders holding physical shares to convert them into book-entry form in compliance with regulatory requirements.

Following an earlier notice on August 26, 2025, the company reiterated that under Section 72 of the Companies Act, 2017, companies are required to replace physical shares with book-entry form within four years from the promulgation of the Act.

The Securities and Exchange Commission of Pakistan, has advised all listed companies to pursue shareholders who still hold their shares in physical form for converting them into book-entry form, according to the company's statement issued today.

Shareholders holding physical shares are requested to arrange the conversion by opening an account with either the Central Depository Company of Pakistan or any Trading Rights Entitlement Certificate holder (Securities Broker) of Pakistan Stock Exchange.

The book-entry form offers multiple benefits including ready availability for trading whereas trading of physical scrips is currently not permitted, no risk of damaged, lost, forged or duplicate certificates, instantaneous transfer of ownership, instant receipt and credit of dividends and other corporate entitlements such as bonus, rights and new issues, and pledging of securities.

Copyright Mettis Link News