City Union Bank has fixed June 12, 2026, as the record date to determine the eligibility of members for the issuance of bonus shares. The Board of Directors approved the record date during its meeting held on May 25, 2026. The issuance of bonus shares is subject to the approval of the shareholders of the Bank.

The bonus shares will be issued in the ratio of 1:3, meaning shareholders will receive one equity share for every three fully paid-up equity shares held as on the record date. This decision was taken pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, and follows an earlier communication to the exchange dated April 27, 2026.

The following table outlines the key details of the corporate action:

The Bank stated that the record date is fixed specifically to ascertain the entitlement of shareholders for the bonus issue. Venkataramanan S, Company Secretary & Compliance Officer, signed the communication sent to the National Stock Exchange of India Limited and BSE Ltd.

City Union Bank Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, with the stock exchanges. The report, submitted pursuant to Regulation 24A(2) of the SEBI Listing Regulations, 2015, was issued by M/s KUVS & Associates, Practicing Company Secretaries. It confirms that the bank has complied with the statutory provisions examined during the review period.

The secretarial audit reviewed the bank's adherence to various regulations, including the SEBI Act, the Securities Contracts (Regulation) Act, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The examination also extended to the Depositories Act, regulations concerning insider trading, and those related to share-based employee benefits.

Key Compliance Areas

The report evaluated the bank's compliance across several critical operational and governance areas. The auditor verified the maintenance of statutory records, the functionality of the bank's website, and the timely dissemination of information. Specific attention was paid to the adoption and updating of board-approved policies required under SEBI regulations.

The audit confirmed that no directors of the bank were disqualified under Section 164 of the Companies Act, 2013. It also noted that the bank conducted performance evaluations for the Board, Independent Directors, and various committees as prescribed. Furthermore, the report stated that there were no material related party transactions during the year under review.

Audit Findings

M/s KUVS & Associates reported that the bank complied with the provisions listed in the report. The status of specific compliance parameters is detailed in the table below:

The report also noted that there were no actions taken by SEBI or stock exchanges against the bank, its promoters, or directors. Additionally, no additional non-compliances were observed regarding SEBI regulations, circulars, or guidance notes. There were no resignations of statutory auditors during the period under review.