First-Instance Court Rules for IFIZ: Seller Ordered to Deliver Semi-Coke Prepaid With 421 Billion Rials

Iran Ferro Alloy Industries (ticker IFIZ) reported a first-instance ruling in its favour in a group B disclosure titled "result of the first-instance court on a claim in the company's favour" on Codal (tracing number 1635407), published on Sunday, 15 November 2026. Branch 96 of the General Civil Court at the Edalat judicial complex in Tehran, in a claim filed on 22 October 2022, ordered the defendant to perform its obligation, that is to supply, buy and deliver semi-coke raw material. The ruling was notified on 11 November 2026.

The company says that in 2023 it paid 421 billion rials, equal to 1,408,273 euros, to the company Pakem for 5,819 tonnes of semi-coke, and that the goods have not been delivered to date; the claim's subject in the same form is written as 2,819 tonnes. The matter had already appeared in paragraph 2 of the qualified-opinion basis in the audit report on statements for the year ended 20 March 2026. According to the company, the judge confirmed, on an official court expert's review, that IFIZ met all of its obligations.