iTANZ Technologies Limited has approved a 10-for-1 stock split, reducing the face value of its ordinary shares from Rs. 10 to Re. 1 each, following a special resolution passed at its annual general meeting on October 24, 2026.
Under the approved plan, each existing share with a face value of Rs. 10 will be divided into 10 shares of Re. 1 each, without changing the company’s total authorized or paid-up capital.
The company will complete the required regulatory formalities with the Securities and Exchange Commission of Pakistan, Pakistan Stock Exchange, and Central Depository Company before announcing the effective date and book-closure dates.
The company said the stock split’s implementation date will be announced after regulatory requirements are fulfilled and the board of directors approves the schedule.
Separately, shareholders noted the distribution for the financial year ended June 30, 2026, comprising an interim cash dividend of Rs. 1 per share, equivalent to 10%, and bonus shares of 10%. Together, the distribution represented 20% for the year.
The annual general meeting also approved amendments to the company’s articles of association, including changes to the fees payable to directors for attending board and committee meetings, and revisions to align its constitutional documents with the Companies Act, 2017.
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