📈 Announcement · ITANZ Itanz Technologies Limited has proposed a stock split of its ordinary shares from a face value of PKR 10 to PKR 1, representing a 10-for-1 split, pending shareholder approval at the upcoming Annual General Meeting.
- The Board approved the stock split on August 24, 2026, subject to a special resolution requiring at least 75% of votes at the AGM tentatively scheduled for September 30, 2026.
- Post-split, the number of issued shares will increase from approximately 118.60 million to around 1,186.04 million, while the paid-up capital remains unchanged at PKR 1,186.04M.
- The stock split aims to enhance trading liquidity and make shares more accessible to a broader range of investors without altering the company's market capitalization, which was PKR 5.39 billion as of August 21, 2026.
- The split does not involve any cash outlay or dilution of existing shareholders' ownership.
- A formal notice and additional details will be provided to shareholders ahead of the AGM.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)