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.

Index in Tehran market : FRIS

Laste Update: ۱۷:۱۱ IRST

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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

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Codal

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Financial reports

Access various financial reports including audited financial statements, interpretive reports, management reports, monthly activity reports, and board activity reports.

Frequently Asked Questions

The annual general assembly of Iran Ferrosilice is usually held in May to July.

Dividend payments are made according to the law and the interest payment schedule published in the Codal website.

Yes, the last capital increase was in 2021, using accumulated profits and asset revaluation.

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.

Marketing operations are managed by Dara Dariush investment fund.

The current capital of the company is 4,000,000,000,000 Rials, and the number of shares is 4,000,000,000.