Press Release
25 October, 2026, 07:15 pm
Last modified: 25 October, 2026, 07:18 pm
Subject to Bangladesh Bank's approval, Pubali Bank PLC shareholders approved raising the bank's authorised capital from Tk2,000 crore to Tk4,000 crore.
The bank's seventh extraordinary general meeting (EGM), held virtually on Sunday, 25 October 2026, approved the proposal, according to the press release.
Monzurur Rahman, chairman of the board of directors, presided over the meeting.
The existing authorised capital is divided into 200 crore ordinary shares of Tk10 each. Under the approved proposal, it would increase to 400 crore ordinary shares of Tk10 each.
Shareholders also approved amendments to Clause V of the Memorandum of Association and Article 4(a)(i) of the Articles of Association. Bangladesh Bank must approve both the capital increase and these amendments.
Directors Azizur Rahman, Md Abdur Razzak Mondal, Rana Laila Hafiz, Mustafa Ahmed, Arif Ahmed Choudhury, Dr Shahinuzzaman Yaqub, Kabir Ahmed and Sajid Azad participated virtually.
Dr Hasina Sheykh, independent director, also attended.
Mohammad Liton Miah, FCA, chief financial officer and general manager, and Md Anisur Rahman, company secretary and general manager, joined shareholders through the virtual platform.