UCO Bank shareholders approved the audited financial results for the year ended March 31, 2026, and declared a dividend for the financial year 2025-26 at the 23rd Annual General Meeting (AGM) held on June 12, 2026. The meeting, conducted via Video Conference and Other Audio-Visual Means (VC/OAVM), also sanctioned the bank's equity capital raising plan for the upcoming fiscal year 2026-27 and approved the appointment of Shri Hari Har Mishra as a Director on the Board.

The AGM was chaired by Shri Aravamudan Krishna Kumar, Non-Executive Chairman of the bank, and attended by 64 members, including an authorised representative of the Government of India. Shri Vikash Gupta, Company Secretary, welcomed the shareholders. The Chairman addressed the gathering on the economic and banking scenario, the bank's financial performance, and its future outlook.

Voting Results

All four resolutions proposed in the notice dated May 16, 2026, were passed with the requisite majority. The voting process was managed by KFin Technologies Limited, acting as the remote e-voting agency, with S. N. Ananthasubramanian & Co. serving as the Scrutinizer. The remote e-voting period was open from June 9, 2026, to June 11, 2026.

The resolutions included the adoption of the audited Balance Sheet and Profit and Loss account, the declaration of dividend, the approval of the equity capital raising plan, and the appointment of a new Director. The special resolution regarding the capital raising plan received 99.9951% assent from shareholders.

Resolution Summary

The proceedings concluded at 12:57 p.m. on June 12, 2026. The consolidated results of the remote e-voting and e-voting conducted during the AGM were made available on the websites of the stock exchanges and the bank.

uco bank announced that Ashwani Kumar has ceased to be the Managing Director and Chief Executive Officer of the bank upon the completion of his tenure. The cessation of office was effective May 31, 2026, marking the end of a three-year term for the executive at the state-owned lender. The transition was communicated to the stock exchanges in accordance with regulatory requirements.

Ashwani Kumar was originally appointed to the position of MD & CEO for a period of three years. This appointment was made vide a Government of India notification bearing reference number eF.No.4/3/2022-BO.I and dated May 31, 2023. The appointment was executed under section 9(3)(a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

The bank disclosed the change in the composition of its Board of Directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specific details regarding the change were also provided as required under the SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.

The notification was signed by Vikash Gupta, Company Secretary of UCO Bank. The bank confirmed that the information was submitted for the necessary record and public disclosure.