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Rahyab Shareholders Approve Capital Raise Without Existing Holders' Pre-Emptive Rights

Sahmino Newsroom | 29 October 2026 | 13 days ago

An extraordinary shareholders' meeting of Rahyab Payam Gostaran on Thursday, October 29, 2026 (7 Aban 1405) approved a capital increase from 1,020,000 to 1,820,000 million rials. The increase of 800,000 million rials is about 78% of the previous capital. The Codal meeting record, tracing number 1620260, says the entire amount is to come from cash subscriptions without pre-emptive rights for existing shareholders.

Waiving pre-emptive rights means existing holders have no entitlement to buy their proportional share of this portion of the issue. If the new shares are issued on that basis, the relative stake of holders who do not acquire additional shares falls. The assembly approved the capital increase; the minutes alone do not confirm the date of final registration or the company's receipt of the proceeds.

Reference:CodalThe original report

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