ITANZ Technologies Limited (PSX: ITANZ) has approved a 10% interim bonus share issue for shareholders for the financial year ending June 30, 2026, alongside a proposal to increase the company’s authorized share capital to Rs5 billion.
According to a notice submitted to the Pakistan Stock Exchange (PSX), shareholders will receive 10 bonus shares for every 100 shares held through the capitalization of the company’s retained earnings, with no cash outflow.
The company’s board approved the bonus issue after reviewing its strong financial performance, sustained profitability, and earnings growth during the last financial year and the subsequent half-year. The issuance will be carried out under the Companies (Further Issue of Shares) Regulations, 2020, read with the Companies Act, 2017.
The board stated that the bonus issue is expected to strengthen the company’s equity base, improve the free float and liquidity of its shares, and support its long-term objective of enhancing shareholder value and corporate governance.
In a separate development, the board has proposed increasing the company’s authorized share capital from Rs1.2 billion, divided into 120 million ordinary shares of Rs10 each, to Rs5 billion, comprising 500 million ordinary shares of Rs10 each. The proposal is subject to shareholders’ approval through a special resolution and the necessary regulatory clearances.
Following the capital increase, the company will amend the relevant clauses of its Memorandum and Articles of Association.
The company has announced that its share transfer books will remain closed on July 21, 2026, to determine shareholders’ entitlement to the bonus shares. Investors whose names appear in the Register of Members or CDS accounts at the close of business on July 20, 2026, will be eligible to receive the bonus shares.
