Pars Electric's Surplus-Property Auction Fails to Draw Enough Bidders, Company Plans Rerun

Pars Electric (PELC) disclosed on Tuesday, 20 October 2026 (28 Mehr 1405) that its auction of surplus property failed because the number of participants did not meet the required minimum. The auction was intended to turn idle assets into productive ones and covered a property on Motahari Street and an industrial plant belonging to subsidiary Sirjan Electronics. The company says it will hold another auction and announce its date later on Codal. No sale or sale proceeds have materialised yet. The disclosure carries tracing number 1615059.