Share Capital
JSC Elmavalmshenebeli is a joint-stock company registered under the laws of Georgia. The registered equity capital comprises fully issued, common voting shares listed on the statutory corporate register.
Total authorized and issued common shares conferring voting rights at the General Meeting of Shareholders.
EQUITY DISTRIBUTION REGISTER
Shareholder Breakdown
| Holder | Share (%) | Number of shares |
|---|---|---|
LLC Tbilisi Transfer (Controlling Majority Shareholder — Irakli Tchitanava) | 87.00% | 44,118,535 |
Government of Georgia (National Agency of State Property) | 12.765% | 6,473,194 |
Workforce Collective (Veteran Employees) | 0.235% | 119,231 |
| Total Issued Common Shares | 100.00% | 50,710,960 |
LLC Tbilisi Transfer, represented by controlling majority shareholder Irakli Tchitanava, maintains operational command and long-term capital direction of the manufacturing complex.
Legal Defense & Restitution

Controlling owner Irakli Tchitanava takes an uncompromising stance on protecting the company's title, industrial premises, intellectual property, and physical assets across European and international jurisdictions.
JSC Elmavalmshenebeli actively enforces its sovereign property rights against historical irregularities, ensuring that the 250,000+ m² Tbilisi production complex, manufacturing patents, and heavy machinery remain irrevocably dedicated to certified industrial production.
- Full legal representation before international arbitration tribunals and European judicial bodies.
- Protection of registered rolling stock patents and proprietary mechanical assembly rights.
- Preservation of physical factory territory and production infrastructure on David Guramishvili Avenue.