City Union Bank participated in the Axis Capital's India Corporate Day 2026, an event organized by Axis Capital Limited. The analyst conference call took place in Singapore on August 18, 2026.

The bank disclosed its participation to the National Stock Exchange of India Ltd and BSE Ltd. This communication serves as a continuation of an earlier notice issued by the bank on August 11, 2026.

Regulatory Compliance

The disclosure was made pursuant to Schedule III, Part A & Para A read with Regulation 30 of the SEBI (Listing Obligation and Requirements) Regulations, 2015, as amended. Venkataramanan S, Company Secretary & Compliance Officer, signed off on the communication.

City Union Bank Limited city union bank shareholders approved a final dividend of ₹2 per equity share and authorized the board to raise capital through a Qualified Institutional Placement (QIP) during its annual general meeting held on August 14, 2026.

The bank’s members also adopted the audited financial statements for FY26, appointed joint statutory central auditors for FY27, and increased the authorized share capital pending regulatory approval from the Reserve Bank of India.

Voting Results Overview

The AGM was conducted via video conferencing and other audio-visual means, with remote e-voting facilitated by National Securities Depository Limited (NSDL). A total of 215,521 shareholders were on record, with 127 public shareholders attending the virtual meeting.

Institutional investors dominated the voting process, holding 639,927,569 shares compared to 350,859,668 held by non-institutional public shareholders. The total votes polled across resolutions ranged between 557 million and 559 million, representing approximately 56% of outstanding shares.

Key Resolutions Approved

Dividend Payout: Shareholders approved an ordinary resolution to declare a final dividend of 200%, equating to ₹2 per equity share on a face value of ₹1 each, fully paid up for the financial year ended March 31, 2026.

Auditor Appointments: The bank appointed Messrs. P. B. Vijayaraghavan and Co., Chartered Accountants, Chennai (FRN 004721S) and Messrs. M. Srinivasan and Associates, Chartered Accountants, Chennai (FRN 004050S) as Joint Statutory Central Auditors for their third and final term for FY27. Additionally, the board was empowered to appoint branch auditors and fix their remuneration based on Audit Committee recommendations.

Capital Structure Changes: Two special resolutions were passed to strengthen the bank’s capital framework. First, shareholders approved increasing the authorized share capital, subject to RBI approval under Section 49C of the Banking Regulation Act, 1949. Second, the board received authorization to offer, issue, and allot shares via QIP.

What the Numbers Show

The near-unanimous support for the dividend resolution—where only 122 votes were cast against out of nearly 560 million polled—signals strong shareholder confidence in the bank’s liquidity position despite the modest payout size. Conversely, the increase in authorized share capital faced slightly higher dissent, with 598,755 votes against, suggesting some investor caution regarding potential dilution or regulatory hurdles associated with the capital clause alteration.

Scrutinizer Report

V. Sankar, Partner at KUVS & Associates, Company Secretaries, Tiruchirappalli, served as the scrutinizer for the e-voting process. The remote e-voting window remained open from August 10, 2026, at 9:00 am to August 13, 2026, at 5:00 pm. The scrutinizer confirmed that all valid e-votes were reconciled with records maintained by the company and its registrar and transfer agent, Integrated Registry Management Services Private Limited, Chennai.

The consolidated report integrates both remote e-votes and votes cast during the AGM, ensuring compliance with Section 108 of the Companies Act, 2013, and relevant Ministry of Corporate Affairs circulars.