Court Rules for IFIZ: 1,055,646 Million Rials of Late-Payment Penalties to Bakhtar Power Removed From Books

Iran Ferro Alloy Industries, ticker IFIZ, said in a Group B disclosure published Saturday, October 31, 2026 that a court ruled in its favour in its suit against the Azna official-documents enforcement office and Bakhtar Regional Electricity Company. The company had sought to annul a financial enforcement order, including bank-account freezes and withdrawals, and to enforce decisions of the production-obstacles task force.

According to the notice, 1,055,646 million rials of late-payment penalties on an old debt to Bakhtar, already booked in the first six months of this year, were removed from the accounts. The form dates the event 22 August 2026 (31 Mordad 1405). The notice does not state the effect of the removal on period profit and the ruling is attached; IFIZ's six-month report (net profit 3,096 billion rials) was published before this removal.