Finance and Stocks
Iran Ferrosilice Company (Public Stock) stands as a frontrunner in the ferroalloys industry, boasting significant capacities for production enhancement and diversification of its product portfolio. As the sole listed company in this sector on the main board of the first market until 2021, we take pride in the trust bestowed upon us by market participants and shareholders for over two decades.
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Throughout this period, the company has consistently prioritized shareholder interests in all decision-making processes. By adhering to all legal requirements and directives of the stock exchange organization and other relevant institutions, we have endeavored to foster transparency, engage with market participants, and realize the true value of our stocks. Maximizing profitability for shareholders remains our foremost objective.
A Message to Shareholders
In the ferroalloys sector, Iran Ferrosilice Company (Public Stock) epitomizes quality, authenticity, and credibility. Our mission is clear: to enhance productivity, diversify our product range, expand into domestic and international markets, reduce energy costs, uphold social responsibility, and execute ongoing development plans. Our top priority remains safeguarding the interests of our esteemed shareholders.
With these objectives in mind, we are committed to establishing ourselves as the premier and most comprehensive producer of ferroalloy products, maintaining global quality standards every step of the way.
Selection of Business Rules and Regulations
Article 72
The general assembly of a joint-stock company is constituted by the shareholders' meeting. Provisions regarding the quorum required for convening the general assembly and the majority necessary for decision-making shall be stipulated in the articles of association, unless otherwise prescribed by law.
Article 73
General assemblies are categorized as follows
- Founding General Assembly
- Ordinary General Assembly
- Extraordinary General Assembly
Article 83
Any amendment to the articles of association, alteration in the company's capital, or company dissolution prior to the designated term falls exclusively within the purview of the extraordinary general meeting.
Article 85
Decisions made by the Extraordinary General Assembly require a two-thirds majority vote of the attendees at the official meeting.
Article 87
For the ordinary general assembly, attendance of at least half of the shares with voting rights is required. If quorum is not met on the first call, a second call may be made, and the meeting will proceed with any number of attending shareholders with voting rights, provided that the result of the first invitation is disclosed in the second invitation.
Article 90
Distribution of profits and reserves among shareholders is subject to approval by the general assembly. Additionally, ten percent of the annual special profit must be distributed among shareholders, if profits are realized.
Article 107
Management of a joint-stock company is entrusted to a board of directors elected from among the shareholders, who may be dismissed either in part or in full. Public companies must have a board comprising no fewer than five members.
Shareholder Portal
Access the shareholder portal system to stay informed about the status of your shares.
Financial reports
Access various financial reports including audited financial statements, interpretive reports, management reports, monthly activity reports, and board activity reports.
Frequently Asked Questions
When is the annual general assembly of Iran Ferrosilice typically held?
The annual general assembly of Iran Ferrosilice is usually held in May to July.
How long after the annual general meeting can Iran Ferrosilice dividends be paid?
Dividend payments are made according to the law and the interest payment schedule published in the Codal website.
Has the company increased its capital in recent years
Yes, the last capital increase was in 2021, using accumulated profits and asset revaluation.
Has the company undertaken any development projects in recent years?
Yes, the company has undertaken the expansion of a new furnace to increase production capacity from 25,000 tons to 50,000 tons per year.
Who handles the marketing operations for the company?
Marketing operations are managed by Dara Dariush investment fund.
What is the current capital and number of shares of the company?
The current capital of the company is 4,000,000,000,000 Rials, and the number of shares is 4,000,000,000.
