A well-known broiler company found itself in enormous debt and changed its management

JSC "Səba" reduces capital and changes management amid tax debts

As reported by BAKU.WS, significant financial and personnel changes have occurred at JSC "Səba". The company has significantly reduced its authorized capital from 4.8 million to 3.6 million manats. Thus, over the past few months, about 1.2 million manats have been withdrawn from the organization's authorized fund.

Important reshuffles have also taken place in the company's management. Elchin Mehdiyev left his position as the legal representative of the JSC, and Vugar Baloghlanov took his place.

Notably, "Səba" has a large tax debt to the state, which has currently reached 432,268.60 manats.

Against the backdrop of these events, the company is convening a regular general meeting of shareholders, scheduled for June 30. The agenda includes reviewing and approving the annual financial statements for the past year, issues regarding the sale of shares in the authorized capital of "Səba" subsidiaries, as well as the sale of fixed assets and other assets of these companies.

It is worth noting that the company "Səba" was officially registered in 1997.