Tuesday 23/Sep/2025 – 10:16 AM
The Egyptian Iron and Steel Company “under the liquidation”, which is affiliated with the Egyptian Metal Industries Company, one of the public business sector companies, decided to agree to extend the company’s liquidation period for a year from January 1, 2026 or the end of the liquidation work, whichever is closer, in accordance with the decisions of the ordinary and extraordinary general assembly held on September 22, 2025.
The Egyptian Iron and Steel Company decides to extend the liquidation period for an additional year until 2026
According to the company’s accusation of the stock exchange today, Tuesday, the decisions of the ordinary and unusual general assembly came as follows:
Reading the report of the auditors on the company’s financial position list on June 30, 2025 and calculating the liquidation for the period from January 1, 2025 to June 30, 2025, and the company responded to it.
Certification of the recovery report on the liquidation activity during the period from January 1, 2025 to June 30, 2025.
Approval of the financial center list on September 30, 2025 and the account of the liquidation revenues and expenses for the period from January 1, 2025 to June 30, 2025, with a surplus of 1038719145 pounds.
Emphasizing the implementation of the recommendations of previous general assemblies regarding the following:
The company must adhere to the application of safety, health and professional standards by enhancing prevention procedures and obligating the contracting companies with the Egyptian iron and steel company “under the liquidation” to buy various patterns by adhering to occupational safety and health standards and buying the protection tasks necessary for their workers and those in implementation of receiving operations.
The liquidator must adhere to all the provisions included in the materials from 137 to 154 of Law No. 159 of the year and its executive regulations 1981 and its amendments to joint -stock companies and companies recommending stocks and companies with limited responsibility
Expediting the taking and completing the necessary legal measures to remove the encroachments on the lands of the company.
The liquidator must inventory all the company’s properties on the date of preparing the financial center to verify its existence actually and exclude the Muslim from it until its date and the confession of its revenue.
The company must speed up and end the tax position and take all necessary measures to resolve all conflicts and disputes with the Tax Authority of all kinds, as it is an excellent debt and the speed of tax payment is obligatory to pay in the legal dates to spare the company more additional tax and fines with the commitment to what the Income Tax Law No. (91) for the year 2005.
The liquidator must submit a detailed monthly report on the progress of the works of the holding company, explaining all the liquidation work that took place during the financial month – legal – technical – selling – procedural and the obstacles that it may object.
Intensifying efforts to collect the company’s dues to others in order to preserve the rights of creditors.
The company must adhere to complete transparency and follow the laws and decisions related to the regulatory work when taking procedures for selling the company’s assets in terms of conditions, classification, control, evaluation and awarding to maximize the return from the liquidation.
