12,87,884 promoter shares of Jyoti Bikas Bank Limited (JBBL) are now converted to ordinary shares.
The company convened its 13th AGM on Magh 14, i.e. January 27. This AGM provided approval for the conversion of promoter shareholding from the previous 54.35% to 51%.
Thus, the promoter to the public shareholding ratio of the company is now 51.:49. As of writing, JBBL has an LTP of Rs. 221. The company's net profit increased by 8.82% in the second quarter of the fiscal year 2077/2078. The profit increased to Rs. 30.55 crores in this quarter from Rs. 28.08 crores in the corresponding quarter of the previous year.