Itanz Technologies secures CDC eligibility

MG News | August 25, 2025 at 11:47 AM GMT+05:00

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August 25, 2025 (MLN): Itanz Technologies Limited (PSX: ITANZ) declared that its Board has noted the Company’s achievement of Central Depository Company (CDC) eligibility.

The management has been authorized to inform shareholders of this development and advise them to dematerialize their physical share certificates into the Central Depository System (CDS), the company's filing on PSX revealed today.

The Board further directed the management to publish a formal notice to this effect in both English and Urdu newspapers on August 26, 2025, and to guide shareholders to contact the Company’s Share Registrar, Corplink (Pvt) Limited, at Wings Arcade, 1-K, Commercial Model Town, Lahore, for further assistance.

The Board instructed management to expedite the process of obtaining all necessary regulatory approvals for the allotment of shares to the new Sponsors, in accordance with the Scheme of Arrangement sanctioned by the Honourable Lahore High Court.

Additionally, the Board resolved to direct management to formally approach PSX with requests for the removal of trading restrictions on the shares of the company’s outgoing sponsors, removal of the company from the Defaulters’ Counter, and the immediate reinstatement of trading in the company’s shares.

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