Maron shares and the company's decision to supply Laleh petrochemicals and capital increase
According to Lidoma, an online question and answer conference for the shareholders and managers of Maron Petrochemical Company was held on December 28, 2023, with the presence of representatives of Farabour and the Stock Exchange Organization. In this conference, questions regarding initial supply, capital increase and tax paid were answered:
Does the company have a plan to increase capital from revaluation of assets and long-term investments? Considering the investments made and other matters and the modification of the company's financial structure, the company has a capital increase plan, but its location is discussed in the board of directors and the main shareholders of the company are being followed up, and the location from which it will be informed will be informed in case of agreement.
Do you have a plan to offer Laleh petrochemicals in the stock market? Considering that there are other shareholders in Laleh Petrochemical, subject to the agreement of all shareholders, according to the company's articles of association, there is no obstacle on behalf of Maron Petrochemical Company.
To what extent has the project to collect flare gases from oil-rich areas in the south progressed and what is its latest status? This project reduces a part of the company's concerns for feed supply and has almost favorable conditions. The project has progressed more than 50-60%, the first phase of which is 80% and the second phase is 50%, and the whole project will be put into operation by the end of 2025.
What is the reason for paying tax by the company and why it is not recognized in the profit and loss statement? Payments made on account of performance tax for the years 2020 and 2021, which according to paragraph b of article 159, companies located in the Mahshahr Special Economic Zone are entitled to use the extension of the tax exemption from 10 years to 20 years, which is being discussed. through the Court of Administrative Justice, the Parliament and the Guardian Council, if the Parliament approves the use of companies that are only in less developed areas, the opinion of the tax organization will be retained; otherwise, the opinion of the companies will be accepted; Therefore, in order to prevent a possible fine due to the finalization of the tax, its amounts have been paid on account and due to the uncertainty on the part of the Parliament and specialized tax committees, it has not been calculated in the profit and loss statement.