The Board of Directors of iTANZ Technologies Limited has approved a 10 percent interim bonus share issue and proposed a more than fourfold increase in the company’s authorized share capital, according to a filing with the Pakistan Stock Exchange (PSX).

The company plans to issue 10 bonus shares for every 100 shares held by capitalizing its retained earnings and free reserves, rewarding shareholders without any cash payout.

The board has also approved a proposal to increase the company’s authorized share capital from Rs1.2 billion to Rs5 billion, subject to shareholder approval at an Extraordinary General Meeting (EOGM).

If approved, the number of ordinary shares will rise from 120 million to 500 million, with corresponding amendments to the company’s Memorandum and Articles of Association after obtaining the required regulatory approvals.

According to the company, the decisions reflect its continued profitability and are intended to strengthen its equity base, improve the free float and liquidity of its shares, and support long-term shareholder value.

To determine eligibility for the bonus issue, the company’s share transfer books will remain closed on July 21, 2026. Shareholders registered at the close of business on July 20, 2026 will qualify for the bonus shares.

The notice for the Extraordinary General Meeting, where shareholders will vote on the proposed capital increase, will be issued separately.