Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

City Union Bank Limited

Meeting Details

  • Date: Friday, August 14, 2026
  • Time: Commenced at 10:00 a.m. (IST), concluded at 12:31 p.m.
  • Location: Virtual meeting through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility provided by NSDL
  • Venue: "Raya Mahal", 45-49 Gandhi Adigal Salai, Kumbakonam - 612 001
  • Type: Annual General Meeting

Meeting Proceedings

The meeting commenced with a prayer and welcome address by Chairman Shri G. Mahalingam (DIN: 09660723). The Chairman confirmed the meeting was held through video conferencing mode as per circulars issued by the Ministry of Corporate Affairs and SEBI. All members attending were counted for quorum purposes pursuant to Section 103 of the Companies Act, 2013.

Quorum information was ascertained and provided by the moderator from National Securities Depositories Limited (e-voting service provider). Directors, Company Secretary, Chief Financial Officer, Statutory Auditors, and Secretarial Auditor participated from the scheduled venue.

Shareholder Participation and Queries

  • Total registered speakers: 20 members
  • Virtual attendees who spoke: 18 members
  • Virtual attendees who did not join: 2 members
  • Physical venue speakers: 3 members

Shareholders appreciated the Bank's FY 2026 performance and raised queries on various aspects including:

  • Bank's growth strategies
  • Corporate Social Responsibility (CSR)
  • CASA and Capital adequacy ratios
  • CAPEX investments
  • Loan recoveries
  • Gold Loan business
  • NPA numbers
  • Net Interest Margin
  • Concerns about mule accounts and Bank's preparedness
  • Future expansion plans
  • Bonus issue considerations
  • Dividend policy
  • Corporate Governance practices
  • Annual Report presentation
  • Business Targets
  • Deposit Interest rates
  • MSME Targets
  • Steps to reduce legal costs
  • Impact of Artificial Intelligence in banking
  • Cyber Security measures
  • Service strategy for rural branches
  • Branch expansion plans
  • ATM count increase
  • Attrition rate
  • Insurance & Mutual funds offerings
  • Employee benefits & productivity

Management Responses

The MD & CEO responded to all queries from virtual participants, physical attendees, and questions received via email. He expressed gratitude to stakeholders for their conviction and assured that any unanswered queries could be emailed to the Company Secretary for response.

Voting Process and Procedures

The Bank provided remote e-voting facility through NSDL platform for business proposed in the AGM Notice. Voting rights were reckoned based on shareholding as of the cut-off date: Friday, August 7, 2026.

E-voting Timeline:

  • Commenced: August 10, 2026 at 9:00 a.m.
  • Concluded: August 13, 2026 at 5:00 p.m.

Scrutinizer Appointment: Shri V. Sankar, Partner, KUVS Associates, Tiruchirappalli, Practicing Company Secretaries acted as Scrutinizer for the e-voting process.

Voting results were to be declared within statutory timelines and authorized to be intimated to stock exchanges and placed on the Bank's website.

Commemorative Activities

The Chairman presented the Bank's commemorative coffee table book on its 120-year journey to four shareholders, including a senior most shareholder and former Part-time Chairman. The book is available on the Bank's website for all shareholders.

Special Addresses

Dr. N. Kamakodi (DIN: 02039618), former MD & CEO who served until April 30, 2026, delivered a vote of thanks to all stakeholders including regulators, statutory authorities, directors, shareholders, auditors, and employees for their support during his 15-year tenure.

Shri K. Vaidyanathan (DIN: 07120706), former MD & CEO, and Shri Balasubramanian, Shareholder, delivered votes of thanks on behalf of directors and shareholders respectively, acknowledging regulators, statutory authorities, directors, shareholders, employees, Registrar & Transfer Agent, NSDL, and its event management team.

Compliance and Conclusion

All businesses mentioned in the Notice were deemed passed on August 14, 2026. The meeting concluded with the National Anthem at 12:31 p.m.