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

City Union Bank Limited

Meeting Details

The voting was conducted via postal ballot through remote e-voting without a physical meeting. The e-voting period remained open from 30th April 2026 (09:00 am) to 29th May 2026 (5:00 pm) through e-voting services provided by National Securities Depository Limited (NSDL).

Proposed Resolutions and Implications

1. Appointment of Shri. R Mohan (DIN: 06902614) as an Independent Director - Special Resolution

2. Issue of Bonus Shares - Ordinary Resolution

Voting Process and Methods

The voting was conducted exclusively through remote e-voting via NSDL's platform. No physical polling or postal ballot forms were applicable. The e-votes were unblocked on 29th May 2026 after the closing hour of 5:00 PM in the presence of two witnesses: Mr. K. Karthikeyan and Mr. G. Shyam Sundar, who are not in the employment of the company.

Key Voting Outcomes

Resolution 1: Appointment of Independent Director (Special Resolution)

Overall Results:

  • Total votes cast: 34,994,235
  • Votes in favor: 32,475,045 (92.76% of votes cast)
  • Votes against: 2,699,619 (7.24% of votes cast)
  • Number of members who voted: 11,010

Category-wise Breakdown:

  • Promoter & Promoter Group: 0 votes cast (0.00% participation)
  • Public Institutions: 28,756,326 votes cast (94.23% in favor, 5.77% against) from 314,539,103 votes held
  • Public Non-Institutions: 8,431,010 votes cast (99.96% in favor, 0.04% against) from 58,451,360 votes held

Resolution 2: Issue of Bonus Shares (Ordinary Resolution)

Overall Results:

  • Total votes cast: 36,220,582
  • Votes in favor: 35,131,627 (97.11% of votes cast)
  • Votes against: 1,078,995 (2.89% of votes cast)
  • Number of members who voted: 1,147

Category-wise Breakdown:

  • Promoter & Promoter Group: 0 votes cast (0.00% participation)
  • Public Institutions: 30,375,976 votes cast (93.57% in favor, 6.43% against) from 314,539,103 votes held
  • Public Non-Institutions: 8,446,249 votes cast (99.98% in favor, 0.02% against) from 58,451,360 votes held

Scrutinizer's Role and Findings

V. Sankar, Partner of KUVS & Associates, Company Secretaries, was appointed as scrutinizer to scrutinize the postal ballot process through e-voting. The scrutinizer confirmed:

  • The e-voting process was conducted fairly and transparently
  • E-votes were unblocked in the presence of independent witnesses
  • Valid e-votes cast 'For' and 'Against' were properly considered
  • The downloaded e-voting records and connected papers remain in the scrutinizer's safe custody until the Chairman considers the report and announces results

Compliance Confirmation

The bank confirmed compliance with applicable laws and regulations including SEBI (LODR) Regulations, 2015, Companies Act, 2013, and Companies (Management and Administration) Rules, 2014.