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BOTA (Botan Industrial Group) Shareholders Approve Capital Increase From Retained Earnings

Sahmino Newsroom | 3 November 2026 | 8 days ago

BOTAup3.0%3,080rials11 November

The extraordinary shareholders' meeting of Botan Industrial Group (BOTA) on Tuesday, November 3, 2026 approved an 82% capital increase funded from retained earnings. According to the minutes filed on Codal, the company's capital is to rise from 14,267,348 million rials to 26,000,000 million rials, with the 11,732,652 million-rial increase funded entirely from retained earnings.

The company therefore is not seeking cash contributions from existing holders to fund this increase. The minutes record the shareholders' resolution; that approval does not mean registration of the new capital has been completed.

Reference:CodalThe original report

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