City Union Bank participated in the Axis Capital Rising Stars Conference 2026, organized by Axis Capital Limited on June 01, 2026, in Mumbai. The event served as a platform for the bank to engage with analysts and investors to discuss its performance and strategic initiatives.

The disclosure regarding the participation was made in compliance with Regulation 30 read with Para A Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This follows an earlier communication to the stock exchanges dated May 25, 2026.

City Union Bank Limited has secured shareholder approval for the appointment of Shri R Mohan as an Independent Director and the issuance of bonus shares through a postal ballot process. The resolutions received overwhelming support during the e-voting period conducted from April 30, 2026, to May 29, 2026, with results declared on May 31, 2026. The outcome strengthens the bank's governance framework and rewards investors through capital augmentation.

The e-voting process was managed by National Securities Depository Limited (NSDL). V. Sankar, Partner at KUVS & Associates, Company Secretaries, acted as the scrutinizer to verify the voting outcomes. The proceedings were conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013.

Voting Results Overview

The special resolution for the director's appointment and the ordinary resolution for the bonus issue were passed with the requisite majority. A total of 214,547 shareholders were eligible to participate, with 50.19% of the outstanding shares being polled.

Appointment of Independent Director

Shri R Mohan (DIN 06902614) has been appointed as an Independent Director on the Board of the Bank. The resolution was approved by 92.76% of the total votes polled. Public institutional shareholders, holding 474,046,286 shares, saw a 66.35% participation rate, while public non-institutional shareholders, holding 269,044,142 shares, recorded a 21.73% participation rate.

Approval for Bonus Shares

Shareholders also approved the issuance of bonus shares via an ordinary resolution, which received 97.11% approval from the votes polled. Promoters and the promoter group did not participate in the voting process for either resolution. The high approval levels underscore strong investor confidence in the bank's capitalization strategy.