Union Bank of India has fixed Friday, July 3, 2026, as the record date to determine shareholder eligibility for dividend payment and participation in the 24th Annual General Meeting (AGM). The bank announced that the AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Friday, July 10, 2026, at 11.00 a.m. IST at its Central Office in Mumbai.

The book closure period for the purpose of the AGM and dividend will commence on Saturday, July 4, 2026, and conclude on Friday, July 10, 2026, with both days inclusive. Shareholders holding shares on the record date will be entitled to participate in the e-voting process and receive the declared dividend.

Remote e-voting will be available to shareholders starting Tuesday, July 7, 2026, at 9.00 a.m. IST and will conclude on Thursday, July 9, 2026, at 5:00 p.m. IST. The last date and time for the receipt of resolutions appointing authorized representatives is Friday, July 3, 2026, at 5.00 p.m. IST.

Key AGM and Dividend Dates

The Annual Report of the Bank for FY 2025-26, along with the Notice of the AGM, will be submitted to the stock exchanges in due course. The disclosure was made in compliance with the Proviso to Regulation 29(1)(d), Regulation 30, Regulation 42, and Regulation 50(2)(a) of the SEBI (LODR) Regulations, 2015.

Union Bank of India has received Board approval to raise capital by an amount not exceeding ₹8,000 crore, following a meeting of its Board of Directors held on May 26, 2026. The capital plan aims to strengthen the bank's financial position through a mix of equity and debt instruments, subject to necessary approvals.

Approved Capital Raising Plan

The Board has approved a comprehensive capital raising framework totalling up to ₹8,000 crore. The plan is split between equity and debt instruments, as outlined below:

Equity Capital Modes

The ₹3,000 crore equity component may be raised through multiple permissible modes. These include a Further Public Offer (FPO), Rights Issue, and Private Placements such as Qualified Institutions Placements. Additional avenues include Preferential Allotment to eligible institutions and any other mode subject to the approval of the Government of India, other regulatory authorities, and the shareholders of the Bank.

Basel III Compliant Debt Instruments

The remaining ₹5,000 crore is to be raised through Basel III compliant debt instruments. This covers the issuance of Additional Tier 1 (AT1) Bonds and Tier 2 Bonds, including the possibility of issuing foreign currency denominated AT1 and Tier 2 Bonds. All proposed capital raising activities remain subject to necessary approvals.

Regulatory Compliance

The intimation regarding the Board meeting and its outcome was furnished in compliance with Regulation 30 read with point no. 4(d) of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Ashish Mishra, Company Secretary of Union Bank of India.