Iran, Tehran – TOSEE FANAFZAR TOSAN Co., commercially branded as TOSAN TECHNO, held its Extraordinary General Meeting (EGM) on September 24, 2024 with shareholders gathering in Dr. Azar Adel Hall in Industrial Management Organization Gatherings Center where the proposal for TOSAN TECHNO capital increase was approved.

Per a September 10th notice on Iranian CODAL websites, the meeting opened with an explanatory report by the Managing Council and Legal Auditor on FANAFZAR Capital Increase using company’s retained earnings. Based on a permit issued by Iranian Securities and Exchange Organization, capital of FANAFZAR symbol with see 167% increase from current value of IRR 1500B reaching IRR 4000B.

Amendment of Article 5 in company’s Articles of Association regarding capital and number of shareholders was discussed during the meeting.

About TOSAN TECHNO

TOSEE FANAFZAR TOSAN Public Co, commercially branded as TOSAN TECHNO, under FANAFZAR symbol in Iran Over-the-Counter (OTC) market also known as Iran Fara Bourse (IFB), provides services in Smart E-payment solutions, e-banking and branch evolvement solutions, SHOP comprehensive shopping solutions, MONEYTECH secure and independent banking machines networks, TAKSA tax solutions, POINT repair and maintenance services, and ARTIN AI solutions. As the biggest manufacturer of knowledge-based e-payment terminals and banking machines in Iran, TOSAN TECHNO has the record of cooperating with more than 16 banks and 20 e-payment service companies throughout the country.

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