TEKFEN HOLDİNG A.Ş. Özel Durum Açıklaması (Genel) 23 Eylül 2025

It has been publicly announced that ARY Holding A.Ş. filed a lawsuit before the Istanbul 16th Commercial Court of First Instance under case number 2025/373, challenging the resolutions no. 6 and 7 adopted at the General Assembly of Tekfen Holding on May 7, 2025 (concerning the number, terms of office, remuneration, and election of the members of the Board of Directors). The lawsuit seeks a declaration of nullity or annulment of these resolutions, suspension of their execution, and the appointment of an interim management body, and that a statement of claim was submitted in line with the Competition Board's decision dated June 26, 2025.

The Istanbul 16th Commercial Court of First Instance evaluated these requests and, with the right to appeal, rejected the requests for suspension of execution of the resolutions and for the appointment of an interim management body, based on the following grounds:

 
• The  plaintiff's claims require a substantive trial,

 
• As a  rule, company management should be carried out by the company's  shareholders, and, unless compulsory and necessary, courts should refrain  from decisions that would result in the appointment of trustees to manage  companies,

 
• Therefore,  considering the election and term of office of the board of directors,  since no urgent and concrete allegation of damage to the company has been  put forward, and the conditions of imminent and specific danger as  required by law have not been met,

 
• The  request to stay the execution of the resolutions subject to the lawsuit  and, accordingly, to appoint a trustee to the company was dismissed, given  that the company's management is already in place.

 

The case, concerning the requests for determination of nullity, invalidity, or annulment of the general assembly resolutions, will continue to be heard on the merits at the first hearing scheduled for November 20, 2025.