Under the bank's articles of association, the quorum or minimum number of shareholders required to attend the meeting, is fixed at 50 percent.
But Thursday's meeting generated only 39 percent.
The bank's Chairman Mahendra Amarasuriya told shareholders present, that today's meeting has been adjourned till April 6 at 3.30 pm, to be held at the same venue.
In such an event, the necessary quorum will be reduced to 33.33 percent, which market analysts consider is attainable.
-Mel Gunasekera: mel@vanguardlk.com