August 03, 2026 (MLN): Shareholders of ITANZ Technologies Limited (PSX: ITANZ) have approved an increase in the company's authorized capital from Rs1.2bn, divided into 120 million ordinary shares of Rs10 each, to Rs5bn, divided into 500 million ordinary shares of Rs10 each.
The approval was granted at the Extra-Ordinary General Meeting (EOGM) held on Friday, July 31, 2026, at the LSE Auditorium, Basement-2, LSE Plaza, Lahore, and virtually through video conference facility.
As a consequence of the increase, Clause VI of the Memorandum of Association and Clause 4 of the Articles of Association were amended to show the authorized capital of Rs5bn, divided into 500 million ordinary shares of Rs10 each.
The resolution further stated that the ordinary shares, when issued, shall carry equal voting rights and rank pari passu with the existing ordinary shares of the company in all respects and matters.
Members also confirmed the minutes of the previous EOGM held on Saturday, June 27, 2026.
The Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary were singly authorized to take all steps and actions ancillary and incidental to the resolutions, including filing of requisite documents and returns with the relevant regulatory authorities.
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