Pars Foolad Sabzevar (FSBZ) Board Backs Capital Increase From Retained Earnings

Pars Foolad Sabzevar (ticker FSBZ) said in a disclosure issued on Wednesday, October 21, 2026 that its board approved a proposed capital increase from 4,000 billion rials to 24,000 billion rials, funded from retained earnings. The company said its aims are to improve its financial structure, preserve cash and help finance completion of development projects.

The filing describes a board decision, not shareholder approval at an assembly. Funding the proposed increase from retained earnings would not require a fresh cash contribution from holders.