Zagros Petchem Co. Approves Dividend Distribution of 1,100 Tomans in Annual General Meeting

Zagros Petchem Co. Approves Dividend Distribution of 1,100 Tomans in Annual General Meeting
(Monday, July 24, 2023) 10:00

TEHRAN (NIPNA) -- The Annual General Meeting of Zagros Petrochemicals was held to discuss the fiscal year 2022.

The Annual General Meeting of Zagros Petrochemicals for the fiscal year ending on March 20, 2023, took place on Tuesday, July 19, 2023, at the International Conferences Center of Olympic Hotel in Tehran.

The meeting officially commenced at 10:00 AM, with the presence of representatives from the Securities and Exchange Organization, the legal auditor, and inspector, as well as over 91 percent of the company's shareholders. The meeting was presided over by Rahim Esmaili Dana, the representative of the major shareholder.

During the meeting, Matin Didari, the CEO, and Deputy Chairman of the Board of Directors of Zagros Petrochemicals presented a comprehensive report on the company's performance and achievements for the fiscal year ending on March 20, 2023. The report included details on production, sales, transportation, financial measures, achievements, and other significant activities during the past fiscal year, as well as the future plans of the company.

Following the CEO's report, the legal auditor and inspector presented their reports to the assembly and answered necessary questions from the company's executives based on the items raised and queries from shareholders. The financial statements for the fiscal year ending on March 20, 2023, were then approved by the assembly.

Moreover, in the Annual General Meeting of Zagros Petrochemicals, the proposal to distribute dividends of 11,000 Tomans per share for the fiscal year ending on March 20, 2023, was approved, and the method of payment was announced in accordance with the company's publication on the Codal system.

Furthermore, the newspaper "Ettelaat" was appointed as the widely circulated newspaper representing the company, and Hafez Gam Auditing Firm was chosen as the principal legal auditor and inspector, while Bahram Mashar Auditing Firm was selected as the alternate legal auditor and inspector for the fiscal year ending on March 20, 2023.

The Annual General Meeting of Zagros Petrochemicals concluded at 12:45 PM, and immediately afterward, the Extraordinary General Meeting of Zagros Petrochemicals was convened with the presence of shareholders to amend the company's articles of association to comply with the sample articles of association of the Securities and Exchange Organization. The agenda of the extraordinary general meeting was approved, and the meeting concluded at 1:00 PM.

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