Tomer Mazon

The crisis at Tomer Mazon is deepening as the board meeting is postponed to September 17. Stock trading remains suspended amid accounting irregularities and high-profile resignations.

Orna Zamir, wife of Lt. Gen. Eyal Zamir, serves as an independent director at the food company Tomer Mazon, while the IDF is one of the company's largest clients. Trading in the stock was halted earlier this month due to accounting irregularities. The IDF Spokesperson's Unit stated that the Chief of Staff has no involvement in the company's affairs.

Tomer Mazon announced that it will miss the August 31 deadline for publishing its second-quarter and first-half financial reports. The delay follows an ongoing audit regarding inventory discrepancies and the sudden resignation of the incoming CFO.

A warning letter including a request for approval of a class action, alongside a derivative lawsuit already filed in court, landed on the company's desk, claiming that the figures used to price the merger with Ciphia Vision were inflated and that the allocation ratio was skewed to the detriment of veteran shareholders. The development comes just days after the designated CFO refused to take the...

A shareholder of Tomer Mazon has filed a 2.5 million shekel lawsuit, alleging bad faith during the merger and the concealment of inventory issues, which led to the suspension of the company's shares.

Just before it was due to publish its reports for the first half of the year, trading in Tomer Mazon shares was halted following the company's report on alleged problems in inventory management. Tomer Mazon joined the stock exchange about three months ago and is traded at a valuation of 138 million shekels.