Date: 1st November 2025
The Board of Directors
BANGLADESH NAXIS CO. LTD.
Jaigir, Dollah Bazaar, Singair,
Postal Code: 1820, Manikganj.
Subject: Request for the share allotment against the short-term loan. (Debt-to-Equity Conversion).
Dear Sir,
We refer to the short-term loan of USD 700,000.00 (equivalent to BDT 58,765,000.00) provided by NAXIS CO., LTD., Japan to Bangladesh NAXIS Co. Ltd., remitted on 02 March 2021, under the loan agreement dated 01 March 2021.
The Board of Directors of NAXIS CO., LTD., Japan, in its meeting held on 1st November 2025 has resolved to convert the entire outstanding loan amount into equity of Bangladesh NAXIS Co. Ltd.
Accordingly, it has been decided that 587,650 (Five Hundred Eighty-Seven Thousand Six Hundred Fifty) ordinary shares of BDT 100.00 each will be allotted in favor of NAXIS CO., LTD., Japan, against the loan amount of BDT 58,765,000.00.
We request Bangladesh NAXIS Co. Ltd. to take necessary steps to:
Allot the said shares to NAXIS CO., LTD., Japan;
Update the Company’s paid-up capital, Share Register, and other statutory records accordingly;
Issue the share certificates in favor of NAXIS CO., LTD., Japan;
File the necessary forms and documents with RJSC or other relevant authorities as required.
We appreciate your cooperation in completing this debt-to-equity conversion process.
For and on behalf of NAXIS CO., LTD.
🗸
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ABC
Director
NAXIS CO., LTD.