The 7th Extraordinary General Meeting (EGM) of Pubali Bank PLC was held virtually on Sunday, October 25.
The meeting was chaired by Monzurur Rahman, chairman of the board of directors of Pubali Bank PLC.
Directors Azizur Rahman, Md Abdur Razzak Mondal, Rana Laila Hafiz, Mustafa Ahmed, Arif Ahmed Choudhury, Shahinuzzaman Yaqub, Kabir Ahmed, Sajid Azad, and independent director Hasina Sheykh participated in the meeting virtually.
Chief financial officer & general manager Mohammad Liton Miah and company secretary & general manager Md Anisur Rahman were also connected virtually.
Shareholders also attended the meeting through the virtual platform.
Based on the approval of the shareholders, in the EGM the shareholders approved the proposal to increase the bank’s Authorized Capital from Tk2,000 crore, divided into 200 crore ordinary shares of Tk10 each, to Tk4,000 crore, divided into 400 crore ordinary shares of Tk10 each.
The shareholders also approved the related amendments to Clause V of the Memorandum of Association and Article 4(a)(i) of the Articles of Association.
The increase in authorized capital and the related amendments are subject to approval from Bangladesh Bank.
