Meeting Details

The 24th Annual General Meeting was held on Friday, July 10, 2026 at 11:00 a.m. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at Central Office, Union Bank of India, Mumbai (the deemed venue of the Meeting).

Voting Process and Methods

The remote e-voting period commenced on Tuesday, July 7, 2026 at 9:00 a.m. (IST) and ended on Thursday, July 9, 2026 at 5:00 p.m. (IST). The facility of voting through electronic voting system was also made available during the AGM for members who did not cast their vote through remote e-voting. Voting rights were reckoned as on Friday, July 3, 2026 (Cut-off Date). The e-voting facility was provided by KFin Technologies Limited (KFintech).

Scrutinizer Appointment and Process

CS Ragini Chokshi, Partner of M/s. Ragini Chokshi & Company, was appointed as the Scrutinizer. Rajaram D. Pandit was also appointed as Second Scrutinizer representing shareholders. After closure of e-voting, the results were unblocked using the Scrutinizer's login in the presence of two witnesses (Mr. Harshit Dave and Mr. Parv Jain) who are not employees of the Bank.

Key Voting Outcomes

Item No. 1: Ordinary Resolution - Adoption of Financial Statements

  • Total votes cast: 714,37,54,094
  • Assent: 702,78,92,292 (98.37%)
  • Dissent: 11,58,61,802 (1.62%)
  • Resolution PASSED

Item No. 2: Ordinary Resolution - Dividend Declaration (₹5.00 per equity share)

  • Total votes cast: 714,63,59,386
  • Assent: 713,34,49,040 (99.82%)
  • Dissent: 1,29,10,346 (0.18%)
  • Resolution PASSED

Item No. 3: Special Resolution - Capital Raising

  • Total votes cast: 714,46,09,264
  • Assent: 714,10,79,895 (99.95%)
  • Dissent: 35,29,369 (0.05%)
  • Resolution PASSED

Item No. 4: Ordinary Resolution - Reappointment of Shri Nitesh Ranjan (DIN: 08101030) as Executive Director

  • Total votes cast: 714,63,26,406
  • Assent: 665,80,41,256 (93.17%)
  • Dissent: 48,82,85,150 (6.83%)
  • Resolution PASSED

Item No. 5: Ordinary Resolution - Reappointment of Shri Ramasubramanian S (DIN: 08747165) as Executive Director

  • Total votes cast: 714,63,26,726
  • Assent: 677,00,19,925 (94.73%)
  • Dissent: 37,63,06,801 (5.27%)
  • Resolution PASSED

Item No. 6: Ordinary Resolution - Appointment of Shri Asheesh Pandey (DIN: 09295107) as Managing Director and CEO

  • Total votes cast: 714,63,30,418
  • Assent: 710,18,55,995 (99.38%)
  • Dissent: 4,44,74,423 (0.62%)
  • Resolution PASSED

Item No. 7: Ordinary Resolution - Appointment of Shri Amresh Prasad (DIN: 11522743) as Executive Director

  • Total votes cast: 714,63,32,010
  • Assent: 665,98,75,708 (93.19%)
  • Dissent: 48,64,56,302 (6.81%)
  • Resolution PASSED

Item No. 8: Ordinary Resolution - Appointment of Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director

  • Total votes cast: 714,47,53,356
  • Assent: 650,95,09,391 (91.11%)
  • Dissent: 63,52,43,965 (8.89%)
  • Resolution PASSED

Compliance and Regulatory References

The voting process complied with:

  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Union Bank of India (Shares and Meetings) Regulations, 1998
  • MCA Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024
  • Banking Companies (Acquisitions & Transfer of Undertakings) Act, 1970 (voting rights restricted to 1% for non-Central Government shareholders)

Signatories and Authentication

The report was prepared by CS Ragini Chokshi (Partner) of Ragini Chokshi & Company (Firm Registration No.: 928971) and received by Asheesh Pandey, MD & CEO, Chairman of the Annual General Meeting. The document was digitally signed by Ragini Chokshi on July 10, 2026.