Union Bank of India has fixed Friday, July 3, 2026, as the cut-off date or record date for e-voting and determining the entitlement of members for the dividend for FY 2025-26, if declared at the Annual General Meeting. The 24th Annual General Meeting of the bank is scheduled to be held on Friday, July 10, 2026, at 11.00 am IST through Video Conferencing or Other Audio-Visual Means.

The meeting is being conducted via VC/OAVM in compliance with Ministry of Corporate Affairs Circular No. 03/2025 dated September 22, 2025, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank stated that physical presence of members at a common venue is not required. Shareholders participating through the VC/OAVM facility shall be counted for the purpose of reckoning the quorum.

Key Dates and Communication

The Notice of the AGM and the Annual Report, including financial statements for the year ended March 31, 2026, will be sent only by email to shareholders whose email addresses are registered with the bank or their depository participants. For shareholders whose email addresses are not available, the bank will send a letter of intimation containing the web address of the Integrated Annual Report and the Notice of AGM.

Shareholder Instructions

Shareholders who have not registered their email addresses or updated their bank account mandates for dividend receipt are advised to do so immediately. Physical shareholders can submit Form ISR-1 to KFin Technologies Limited, while demat holders must contact their Depository Participants. The bank emphasized that payment of dividend, if any, is subject to applicable Tax Deducted at Source (TDS) as per the Income Tax Act, 2025.

The Integrated Annual Report along with the Notice of AGM is available on the bank's website and the websites of BSE and NSE. The detailed process for participating in the AGM through VC/OAVM and the manner for remote e-voting will be provided in the detailed Notice of the AGM.

Union Bank of India disclosed that the Reserve Bank of India has imposed a monetary penalty of ₹1,28,750 on the bank. The penalty was levied following an inspection that identified deficiencies related to the detection of counterfeit and mutilated currency notes, as well as shortages in currency chest balances. The bank received the order on June 9, 2026, and stated that the financial and operational impact of this penalty is not significant.

The regulatory action was taken under specific provisions concerning the maintenance of currency chests and the handling of notes. The inspection revealed lapses in these operational areas, prompting the monetary penalty. Union Bank of India has confirmed that it has implemented necessary preventive measures to avoid the recurrence of such instances in the future.

Details of the Penalty

The disclosure provided specific details regarding the regulatory action and the nature of the violations found during the inspection.

The bank submitted the disclosure to the exchanges in compliance with Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashish Mishra, Company Secretary.