Itanz Technologies Limited, formerly Zahur Cotton Mills Limited, has cleared a key hurdle in its bid to re-enter active trading. The company announced on Monday that its shares are now eligible with the Central Depository Company (CDC), paving the way for investors to convert their paper share certificates into electronic form. Notices to shareholders will be issued on August 26, 2025.
The company’s board has directed management to fast-track regulatory clearances tied to a Lahore High Court–approved restructuring plan, which includes the allotment of shares to new sponsors. In parallel, Itanz has formally asked the Pakistan Stock Exchange (PSX) to lift trading restrictions on shares owned by exiting sponsors and restore regular trading status. Its stock had previously been shifted to the PSX Defaulters’ Counter, effectively freezing activity.
Investors seeking assistance with the dematerialization process have been advised to contact the firm’s share registrar, Corplink (Pvt) Ltd., in Lahore.
From Cotton to Tech: A Company Reinvention
This latest development underscores Itanz’s pivot away from its textile roots. Originally incorporated in April 1990 as Zahur Cotton Mills, the company operated in the grey fabric manufacturing space before shuttering those operations in recent years. In July, the National Clearing Company of Pakistan Limited (NCCPL) approved its rebranding to Itanz Technologies and assigned the trading symbol ITANZ.
The reorganization signals a strategic push to reposition the company in Pakistan’s tech sector, where investor sentiment has been markedly stronger than in the struggling textile industry. By securing CDC eligibility and pursuing PSX approval, Itanz is taking concrete steps to restore investor confidence and reestablish liquidity in its stock.
