Last day to hold the shares of Jyoti Bikas Bank for its 11th AGM; Shareholders to receive 8.40% cash dividend

Today is the last day to hold the shares of Jyoti Bikas Bank Limited (JBBL) to be eligible to participate in the upcoming 11^th AGM of the company.

JBBL will be convening its 11^th AGM on Ashoj 29, 2075 in the premises of Naxal Banquet at 11:00 AM.

The main agendas of the meeting include:

1. To provide approval to the acquisition of Hamro Bikas Bank Limited
2. To approve 1:1 swap ratio achieved through Due Diligence Audit
3. To make necessary amendments in the MoA and AoA regarding the acquisition.
4. To distribute 8.40% cash dividend worth Rs 21.80 crore to its shareholders for the FY 2074/75
5. To convert 9.45% of the promoter shares into ordinary shares and to maintain promoter shareholding at 51% from previous holding of 60.45%
6. To provide authority to the BoD to make any changes in the MoA and AoA in the future due to statutory compliance.

Other agendas of the meeting include endorsement of audited financial report for the FY 2074/75 and appointment of statutory auditor for the FY 2075/76.