Jyoti Bikas Bank’s SGM on Shrawan 29; to endorse acquisition of Raptibheri Bikas Bank in share swap of 1:1

Jyoti Bikas Bank Limited (JBBL) will be conducting its Special General Meeting (SGM) on Shwaran 29, 2074. The SGM will be held at Amritbhog, Kalikasthan, Dillibazar at 11 AM. The main agendas of the SGM are:

• To endorse acquisition of Raptibheri Bikas Bank Limited (RBBBL) by Jyoti Bikas Bank.
• To endorse the share swap ratio of 1:1 as prepared by the Due Diligence Audit (DDA) report.
• To provide authority to the BOD for completing the acquisition process of Raptibheri Bikas Bank.

• After acquisition of Raptibheri Bikas Bank, the issued capital and paid up capital of the bank will change—and amend the Article of Association (AOA) and Memorandum of Association (MOA) accordingly
• To further amend the AOA and MOU as per directions received from regulatory authorities.

JBBL has set Shrawan 22, 2074 as the book closure date for the purpose of this SGM. Only those shareholders having shares one trading day ahead of the book closure date i.e. till Shrawan 27, 2074 are eligible for participation in the SGM. Jyoti Bikas Bank Limited has earned net profit of Rs 19.26 crore in the third quarter of FY 2073/74.