The meeting concluded with the approval of a 680 IRR cash dividend per share and a 5 trillion IRR social responsibility budget.
According to the Public Relations Office of Shahid Tondgouyan Petrochemical Company, the AGM for the fiscal year ending March 19, 2025, took place at the Research Institute of Petroleum Industry (RIPI) in Tehran with 87% shareholder attendance, including institutional and retail investors.
The meeting was chaired by Hossein Panahian, Deputy of Finance, Investment, and Shares at the Persian Gulf Petrochemical Industries Group (PGPIC). Mr. Bani-Asadi and Mr. Rezaei served as shareholder representatives and session supervisors, while Seyed Reza Ghasemi Shahri, CEO of Tondgouyan Petrochemical, acted as secretary of the meeting. Mohammad Shayegan was introduced as the company’s financial director.
CEO Ghasemi Shahri delivered a transparent report on the company’s performance in FY 1403, addressing operational challenges such as feedstock and catalyst supply. He presented a forward-looking strategy focused on unlocking higher efficiency and profit, which received strong shareholder backing.
Key highlights of Shagoya’s 1404 roadmap include: Utilization of domestically produced catalysts meeting international standards; Energy optimization projects to reduce operational costs; Comprehensive water recycling initiatives; Modernization of POY production line equipment; Pre-commissioning and commissioning of the Sadaf Petrochemical Project, in which Shagoya is a key stakeholder; Advancing the IPO process for Sadaf Petrochemical Company.