The seventh extra-ordinary general meeting (EGM) of the state-owned Rupali Bank Limited on Tuesday approved the change of the denomination of shares from existing Tk 100 to Tk 10 and the market lot of shares from existing 10 to 100.

The change has been made through amendment of clause V of the Memorandum of Association to comply with the directives of Securities and Exchange Commission (SEC), said a press release. 

The EGM was held at the Engineering Institution Auditorium in the city with Rupali Bank chairman Dr Ahmed Al Kabir in the chair. DirectorsProf. Mohammed Moinuddin, Md. Mahabubur Rahman Hiron, Abul Kalam Chowdhury, Sheikh Serajul Hoque, Farazi Quazi Murshed Hossain Kamal, Dr S M Mahfuzur Rahman, advocate Md. Abdus Salam, Amalendu Mukherjee, Md. Sayful Islam, Prof. Syed Ahsanul Alam were present. Managing director M Farid Uddin, deputy managing director Shaikh Ahmed and AKM Ashrafuddin Khan, general managers-- Kazi Md.

Neamat Ullah, Debasish Chakrabarty, Hosne Ara Begum, Wahiduzzaman Khandaker, Syed Abu Asad and Arifur Rahman were also present at the meeting.

Source: The Independent/ Bangladesh/ 23th Nov 2011