⚡ Flash Summary

Itanz Technologies Limited has announced the appointment of M/s Alam & Aulakh, Chartered Accountants, as their new external auditor for the financial year 2025. This change comes as a result of the resignation and non-availability of the previous auditor, M/s Rahman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants. The company has informed the Pakistan Stock Exchange about this change and has requested them to inform the TRE Certificate Holders accordingly. This is a routine corporate governance procedure to ensure independent oversight of the company’s financials.

📌 Key Takeaways

• 📅 Auditor change announced on October 27, 2025.
• 🏢 M/s Alam & Aulakh appointed as new external auditor.
• 💼 Appointment due to resignation of previous auditor, M/s Rahman Sarfaraz Rahim Iqbal Rafiq.
• 🗓️ New appointment effective for the financial year 2025.
• 🇵🇰 Announcement made to the Pakistan Stock Exchange.
• 📜 TRE Certificate Holders to be informed.
• 👤 Syed Jawed Ali, Chief Executive Officer, signed the announcement.
• 🏢 Itanz Technologies Limited’s Karachi office located at Office 503-504, 5th Floor Faiyaz Center 3-A.
• 🏢 Karachi University (ICCBS) building No 2, Room no. 5 is the second Karachi office location.
• 🏢 Registered office situated at 623-B PCSIR Phase II, Lahore, Pakistan.
• ℹ️ Announcement pertains to a routine corporate governance matter.
• 🧐 No immediate financial impact expected from auditor change.

🎯 Investment Thesis

HOLD. The announcement regarding the change of auditors is a routine event and does not provide sufficient grounds for a change in investment recommendation. Maintain a HOLD rating pending further developments in the company’s financial performance and strategic direction. Price target and time horizon remain unchanged.