Meeting Details

  • Date: Friday, July 10, 2026
  • Time: 11:00 AM to 1:59 PM IST
  • Location: Central Office, Union Bank of India, Mumbai (deemed venue)
  • Type: Annual General Meeting conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Chairperson: Shri Asheesh Pandey, MD and CEO of the Bank

Proposed Resolutions and Implications

The AGM considered and approved eight resolutions:

1. Adoption of Financial Statements: Approval and adoption of Audited Standalone and Consolidated Balance Sheet as of March 31, 2026, Standalone and Consolidated Profit and Loss Account for the year ended March 31, 2026, Report of the Board of Directors, and Auditors' Report.

2. Dividend Declaration: Declaration of Dividend of ₹5 per Equity Share of ₹10 each for the Financial Year 2025-26.

3. Capital Raising: Approval for raising capital of the Bank by way of issuance of fresh Equity Shares and/or by issuance of Additional Tier-1 / Tier-2 Capital as per BASEL III Guidelines.

4. Reappointment of Executive Director: Reappointment of Shri Nitesh Ranjan (DIN: 08101030) as Executive Director of the Bank.

5. Reappointment of Executive Director: Reappointment of Shri Ramasubramanian S (DIN: 08747165) as Executive Director of the Bank.

6. Appointment of MD & CEO: Appointment of Shri Asheesh Pandey (DIN: 09295107) as Managing Director and CEO of the Bank.

7. Appointment of Executive Director: Appointment of Shri Amresh Prasad (DIN: 11522143) as Executive Director of the Bank.

8. Appointment of Government Nominee Director: Appointment of Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director of the Bank.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Conducted prior to the meeting
  • E-voting during AGM: Additional 15-minute voting window opened during the meeting for shareholders who had not voted remotely
  • Service Provider: KFin Technologies Limited provided e-voting services

Key Voting Outcomes

  • All eight resolutions were passed with requisite majority
  • The consolidated results of remote e-voting and e-voting during the AGM were to be placed on the Bank's website and the website of KFin Technologies Limited
  • Results were to be simultaneously communicated to BSE and NSE
  • The Scrutinizer's consolidated report was to be published along with voting results

Scrutinizer's Role

The Scrutinizer was responsible for:

  • Consolidating results from both remote e-voting and e-voting during the AGM
  • Preparing a consolidated report of voting results
  • The report was to be made available on the Bank's website and the e-voting service provider's website

Compliance Confirmation

The meeting was conducted in compliance with:

  • MCA guidelines
  • SEBI guidelines
  • MOF guidelines
  • Regulation 59 of the Union Bank of India (Shares and Meetings) Regulations, 1998, as amended
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Additional Information

  • The meeting notice was dated June 17, 2026, and circulated electronically to shareholders
  • The notice was also published in newspapers
  • The Integrated Annual Report for FY 2025-26 was circulated to shareholders
  • Quorum was ascertained at the beginning of the meeting
  • The Chairman presented the Bank's performance highlights, including focus on profitable growth, prudent risk management, digital transformation, and improved financial metrics including CASA ratios and credit-deposit ratio
  • The Bank emphasized its philosophy of "Business First, Compliance Always"
  • Four critical pillars were highlighted: Digital, Strategy, Reconciliation, and Ecosystem Banking
  • The Bank reported strengthened frameworks for risk management, compliance, internal audit, cyber security, and ESG oversight