City Union Bank board to meet on Jun 23 to consider fund raising
City Union Bank's board will meet on June 23, 2026, to consider the AGM date, fund raising, and dividend record date. The bank may raise capital via SEBI-approved methods, subject to shareholder approval, similar to its ₹350 crore QIP in FY 2014-15.
*this image is generated using AI for illustrative purposes only.
City Union Bank has scheduled a meeting of its Board of Directors on Tuesday, June 23, 2026, at Chennai to discuss the Annual General Meeting (AGM) date, fund raising plans, and the dividend record date. The meeting will address key corporate actions, including the agenda for the ensuing AGM and capital raising strategies under SEBI regulations.
The Board will consider raising capital through one or more methods prescribed under Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Any approved proposal will be included in the AGM notice to seek shareholder approval via an enabling resolution. The Bank has historically secured such approvals from shareholders since FY 2009, last utilizing a blanket approval in FY 2014-15 to raise ₹350 crore through a Qualified Institutional Placement (QIP).
Additionally, the directors will finalize the date for the upcoming AGM and determine the record date for dividend payment. These decisions are subject to applicable laws, rules, and regulations, including guidelines issued by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).
The regulatory filing was made in reference to Regulation 29(1)(d) of the SEBI Listing Regulations 2015. Venkataramanan S, Company Secretary & Compliance Officer, signed the disclosure on behalf of City Union Bank Limited.
Historical Stock Returns for City Union Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.05% | +4.47% | +5.51% | -3.88% | +37.15% | +59.56% |
What specific capital raising instrument is the bank likely to prioritize given current market conditions?
How does the bank intend to utilize the newly raised capital to bolster its balance sheet?
What dividend payout ratio can shareholders expect compared to the previous fiscal year?
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