City Union Bank Limited

Meeting Details

The Annual General Meeting of City Union Bank Limited was held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) on Friday, August 14, 2026. The total number of shareholders on the record date was 215,521. A total of 127 public shareholders attended the meeting through video conferencing. No promoters or promoter group shareholders attended.

Voting Results Summary

Six resolutions were put to vote during the AGM, all of which were approved by shareholders:

Ordinary Business:

1. Resolution No. 1 - Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2026 and the Reports of Directors and Auditors thereon.

  • Total Votes Polled: 557,689,905 (56.2876% of outstanding shares)
  • Votes in Favor: 557,298,592 (99.9298% of votes polled)
  • Votes Against: 391,313 (0.0702% of votes polled)
  • Number of Members: 837 voted for, 14 voted against

2. Resolution No. 2 - Ordinary Resolution: To declare Dividend of 200 percent i.e. ₹2 per equity share on face value of ₹1 each fully paid up for the Financial Year 2025-26.

  • Total Votes Polled: 559,701,515 (calculated from data)
  • Votes in Favor: 559,701,515 (99.99% of votes polled)
  • Votes Against: 122 (0.01% of votes polled)
  • Number of Members: 842 voted for, 11 voted against

3. Resolution No. 3 - Ordinary Resolution: To consider the Appointment of Messrs. P.B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 0047215) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 0040505), as the Joint Statutory Central Auditors of the Bank for a third and final term for FY 2026-27.

  • Total Votes Polled: 559,665,463 (calculated from data)
  • Votes in Favor: 559,649,566 (99.99% of votes polled)
  • Votes Against: 15,897 (0.01% of votes polled)
  • Number of Members: 833 voted for, 19 voted against

Special Business:

4. Resolution No. 4 - Ordinary Resolution: To Appoint, in consultation with the Joint Statutory Central Auditors of the Bank, the Branch Auditors for the purpose of audit of the branches of the Bank for the Financial Year 2026-27 and to fix their remuneration.

  • Total Votes Polled: 559,665,919 (calculated from data)
  • Votes in Favor: 559,655,555 (99.99% of votes polled)
  • Votes Against: 10,364 (0.01% of votes polled)
  • Number of Members: 837 voted for, 16 voted against

5. Resolution No. 5 - Special Resolution: To increase the Authorised Share Capital of the Bank and consequent alteration of the 'Capital Clause' of the Memorandum of Association and Articles of Association.

  • Total Votes Polled: 559,665,919 (calculated from data)
  • Votes in Favor: 559,067,164 (99.89% of votes polled)
  • Votes Against: 598,755 (0.11% of votes polled)
  • Number of Members: 830 voted for, 24 voted against

6. Resolution No. 6 - Special Resolution: To authorize the Board of Directors to offer, issue and allot shares to Qualified Institutional Placement (QIP) investors.

  • Total Votes Polled: 559,531,219 (calculated from data)
  • Votes in Favor: 559,531,225 (99.98% of votes polled)
  • Votes Against: 1,346,94 (0.02% of votes polled)
  • Number of Members: 819 voted for, 34 voted against

Shareholding Pattern and Voting Participation

The total outstanding shares of the bank were 990,787,237. The voting participation was as follows:

  • Promoter and Promoter Group: 0 shares voted (0.00% participation)
  • Public Institutions: 472,264,032 shares voted (73.7996% of institution holdings)
  • Public Non-Institutions: 85,425,873 shares voted (24.3476% of non-institution holdings)

Scrutinizer's Report Details

V. Sankar, Partner of KUVS & Associates, Company Secretaries, was appointed as the Scrutinizer for the e-voting process. The remote e-voting period remained open from August 10, 2026 (9:00 AM) to August 13, 2026 (5:00 PM) through e-voting services provided by National Securities Depository Limited (NSDL).

The e-votes cast during the AGM on August 14, 2026, were unblocked by the Scrutinizer on August 14, 2026, in the presence of two witnesses: K. Karthikeyan and K. Jayalakshmi, who are not in the employment of the company. The e-votes cast were reconciled with the records maintained by the Company and by their R&T Agent M/s Integrated Registry Management Services Private Limited, Chennai.

Financial Impact

No specific financial impact quantified beyond the declared dividend of ₹2 per share. The resolutions regarding capital increase and QIP authorization may have future capital structure implications.