38% growth in sales revenue of Behtam Ravankar
The CEO of Behtam Ravankar Company stated in her report to the assembly :
Despite market fluctuations, Behtam Ravankar Company was able to improve its position in domestic and foreign markets.
The Annual General Meeting of Shareholders of Behtam Ravankar Company for the fiscal year ending 11/10/1403 was held on Monday morning, 1 Ordibehesht 1404, with 100% attendance of shareholders at the company’s headquarters. The agenda of this meeting was to hear the report of the Board of Directors and the independent auditor and statutory auditor, review and approve the financial statements, elect the statutory auditor and the main auditor, elect the newspaper with the largest circulation for the company’s advertisements, and other matters within the competence of the meeting.
Mostafa Fereydounnejad, CEO of Behtam Ravankar Company, stated in her report to the assembly: “Despite market fluctuations, Behtam Lubricant Company was able to improve its position in domestic and foreign markets.”
The CEO of Behtam Ravankar Company further announced: “According to the audited report, this lubricant manufacturing company managed to record an unprecedented record in production and sales volume, a 38% growth in sales revenue, and a 50% growth in operating income in the last fiscal year.”
In addition, the company’s excellent performance led to a reduction in annual audit and inspection clauses. The shareholders’ assembly of Behtam Ravankar announced its agreement to take initial steps to enter and offer the company’s shares on the stock exchange. At the end, the maximum dividend (200 billion Tomans) per share (EPS) was approved by the assembly in the amount of 68,392 Tomans.
Also, in the extraordinary general assembly of Behtam Ravankar regarding the change in the number of board members, based on the shareholders’ resolution in the assembly, the number of board members was increased from 3 members to 5 members.
It is worth noting that in the extraordinary general assembly of Behtam Ravankar shareholders on May 1, 1404, regarding the increase in registered capital, the company was able to register a 584 percent capital increase from the current claims of shareholders, so that the company’s capital increased from 29 billion Tomans to 200 billion Tomans.
