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November 22, 2011
IDLC Finance Holds 7th Extraordinary General Meeting (EGM)
IDLC Finance Limited organized the Company’s 7th Extraordinary General Meeting (EGM) in Dhaka on Monday.

The Company’s shareholders decided to change the face value of its share from existing TK. 100 each to TK. 10, in line with recent SEC directives. It was also agreed that the Co. would increase its authorized share capital from the existing TK. 100 crore to TK. 400 crore and the market lot of its shares from the existing 20 to 200.

Anwarul Huq, Chairman of IDLC Finance Limited presided over the meeting. Directors K. Mahmood Sattar, Habibur Rahman Molla, Rezaul Karim and Independent Director, Farooq Sobhan, were also present at the EGM as was Managing Director & CEO, Selim RF Hussain.

Addressing the EGM, Mr. Anwarul Huq and Mr Selim RF Hussain expressed their gratitude to the shareholders, stakeholders and management for their continuous support to the company.