Capital Increase Watch of Iranian Stock Exchange Companies.
Today and yesterday, several companies have published various announcements informing shareholders about each stage of their capital increase process, and the following is a detailed explanation of some of these announcements.
Board of Directors' proposal regarding a 40% capital increase
The Board of Directors' explanatory report to propose an increase in the capital of the Foundry Sand Supply Company from 3,000,000,000,000 Rials to 4,200,000,000,000 Rials from retained earnings in order to reform the financial structure, improve financial ratios, prevent liquidity outflows, and use tax exemptions, which was approved by the Board of Directors on 20/09/1403 and has been sent to the auditor and legal inspector for comment.
Board of Directors' proposal regarding a 34% capital increase
The Board of Directors' explanatory report to propose an increase in the capital of Hamedan Glass Company from 12,300,000,000,000 Rials to 16,500,000,000,000 Rials from retained earnings in order to reform the financial structure and benefit from tax exemption, which was approved by the Board of Directors on 1403/09/20 and has been sent to the statutory auditor and inspector for comment.
Announcement of registration of a 1085% capital increase in Sarud
Based on the decisions of the Extraordinary General Assembly dated 18/07/2003, the capital increase of Shahrood Cement Company from 810,000 million Rials to 9,600,059 million Rials (from the surplus of asset revaluation, 8,790,059 million Rials and million Rials and from cash contributions with the withdrawal of preemptive rights from current shareholders, 1 million Rials) has been registered with the Companies Registration Authority on 1403/09/20.
The announcement of the registration of the 30% capital increase of Retaka
The capital increase of Iranian Retaka Insurance Company from 11,500,000 million rials to 15,000,000 million rials (from retained earnings of 300,000 million rials, from reserves of 500,000 million rials, million rials, and from cash contributions with the withdrawal of preemptive rights from current shareholders of 1 million rials) was registered with the Companies Registration Authority on 1403/09/20.
The proposal of the Board of Directors regarding the 6% capital increase of Haril
The Board of Directors' explanatory report on the proposal to increase the capital of Rail Pardaz Siir Company from 5,070,000,000,000 rials to 6,110,000,000,000 rials from retained earnings in order to reform and improve the company's financial structure and use tax incentives, which was approved by the Board of Directors on 18/09/1403 and has been sent to the auditor and legal inspector for comment.