Creating added value at Mobarakeh Steel by the efforts of employees in 2025-2026

According to me-metals cited from Donyaye Eqtesad Newspaper, Saeed Zarandi considered this valuable achievement a manifestation of the jihadi will of the zealous workers of Mobarakeh Steel and added: Today, we are witnessing an increase in production in all products compared to the previous similar period, and all companies of the Mobarakeh Steel Group, including Saba Steel and Rolling Mills, Hormozgan Steel, Sefidasht Steel, Sangan Steel, Chaharmahal and Bakhtiari Automobile Sheet, and Tavan Avar Asia, have seen an increase in production compared to the same period last year. Meanwhile, 13 production records were recorded in the first eleven months of 1404 (Solar Year: 2025 to 2026) at Mobarakeh Steel and 16 production records were recorded in other companies in the group.

He stated that in 1404 (Solar Year: 2025 to 2026), 10 new grades were produced at Mobarakeh Steel and 11 new grades were produced in other companies in the group in various fields such as oil and gas transmission lines, high-strength vehicles and special properties. He continued: In the field of sales, in total, during 1404 (Solar Year: 2025 to 2026), the amount of exports increased by 55 percent in terms of tonnage and by 35 percent in terms of sales value (dollars).

Capital increase of 43.5 Trillion Tomans; a sign of growing shareholder confidence

He emphasized: Two extraordinary general assemblies and an extraordinary ordinary general assembly of Mobarakeh Steel Company were held with a majority of members, and a capital increase of 43.5 Trillion Tomans of Mobarakeh Steel was approved from the company's retained earnings, which shows the growing trust of shareholders in this industrial group.

In the final part of his speech, the CEO of Mobarakeh Steel Group recalled 1404 (Solar Year: 2025 to 2026) as a year of ups and downs and numerous challenges in the field of production, adding: "In such circumstances, the workers of Mobarakeh Steel Group, relying on domestic power and jihadi spirit, despite all the difficulties and limitations, were able to record brilliant records and create added value, showing that conspiracies and problems will not create any disruption in their steel-like will for the progress and excellence of the country."

Mobarakeh Steel's capital jumps to 193 Trillion Tomans

The Deputy Director of Economics and Finance of Mobarakeh Steel Company, on the sidelines of the holding of two extraordinary general assemblies and an extraordinary ordinary general assembly of Mobarakeh Steel Company, explained the details of these assemblies and said: "Fortunately, both assemblies reached the required legal quorum and numerous decisions were made in order to develop the company and ensure the interests of shareholders."

Regarding the agenda of the "Extraordinary General Assembly", Hamed Hossein Vali Beik stated: "The most important issue of this assembly was the approval of the increase in the company's capital. Accordingly, the company's capital increased from 150 Trillion Tomans to 193.5 Trillion Tomans."

The Deputy Director of Economy and Finance of Mobarakeh Steel added: The resources from this capital increase will mainly be spent on development projects such as "Hot Rolling Mill 2", "Colored Sheet Line 2", as well as increasing capital in the group's (subgroup) companies.

Vali Beik noted: "Fortunately, this capital increase was approved by a majority vote, and shareholders will benefit from the capital increase as well as the tax exemptions provided for in the legal capacity."

It is worth noting that two extraordinary general meetings and an extraordinary ordinary general meeting of Mobarakeh Steel Company were held on Saturday, 14 March 2026, with the presence of the majority of shareholders.

In these meetings, which met the required legal quorums while complying with the provisions of the Commercial Code and regulations related to joint stock company assemblies, important decisions were made regarding the capital increase of 43.5 Trillion Tomans.

According to this report, in accordance with the laws governing joint-stock companies, in the "extraordinary assembly", decisions made with a two-thirds majority vote of the shareholders present at the meeting were recognized as valid and final. Also, in the "ordinary general meeting" that was convened in an extraordinary manner, the quorum required to make a decision was set at half plus one of the votes of the shareholders present at the meeting. This is despite the fact that, according to Article 101 of the Commercial Code and considering that the selection of managers is not an option on the current agenda, the chairmanship of the aforementioned assemblies was the responsibility of "Mohammad Hossein Moghimi". The extraordinary general meeting was initially held to review the company's vital agenda.

The most important resolution of this assembly was to increase the company's capital from 150 Trillion Tomans to 193.5 Trillion Tomans. The resources from this capital increase will mainly be spent on the development projects of "Hot Rolling Mill 2", "Colored Sheet Line 2", as well as capital increases in group companies (subgroups). At this meeting, shareholders voted by a majority to increase the company's capital from retained earnings, which are expected to benefit from the tax exemptions foreseen in this regard. By making these decisions, Mobarakeh Steel has taken important steps towards completing its value chain and constructive engagement with shareholders.