Union Bank of India has announced the retirement of Shri Arun Kumar, Chief General Manager, effective June 30, 2026. The retirement took place on the grounds of superannuation. The bank disclosed this information to the stock exchanges to comply with regulatory requirements regarding changes in senior management.

The notification was submitted under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashish Mishra, Company Secretary, on July 1, 2026.

Union Bank of India has scheduled its 24th Annual General Meeting (AGM) for Friday, July 10, 2026, at 11:00 AM IST, to be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting will consider the declaration of a dividend of ₹5 per equity share of ₹10 each for the financial year 2025-26 and a special resolution to raise capital of up to ₹8,000 crore through the issuance of fresh equity shares and/or Additional Tier-1/Tier-2 capital instruments as per Basel III guidelines.

Key Dates and E-Voting

The bank has fixed Friday, July 3, 2026, as the record date for e-voting and determining dividend entitlement. The Register of Shareholders and Share Transfer Books will remain closed from Saturday, July 4, 2026, to Friday, July 10, 2026 (both days inclusive). Remote e-voting will be available from Tuesday, July 7, 2026 (9:00 AM IST) to Thursday, July 9, 2026 (5:00 PM IST). Shareholders holding shares in physical or demat form as on the record date are eligible to participate.

Agenda and Capital Raising

The agenda includes the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. The special business encompasses raising capital up to ₹8,000 crore, with a limit of ₹3,000 crore for equity and/or preference shares and ₹5,000 crore for Additional Tier-1 and/or Tier-2 bonds. The capital may be raised via public issue, rights issue, private placement including Qualified Institutions Placement (QIP), or preferential allotment. The bank's authorized capital is ₹10,000 crore, and the Government of India holds 74.76% of the paid-up equity share capital as on March 31, 2026.

Director Appointments

Shareholders will vote on the reappointment of Shri Nitesh Ranjan (DIN: 08101030) and Shri Ramasubramanian S (DIN: 08747165) as Executive Directors. The meeting will also consider the appointment of Shri Asheesh Pandey (DIN: 09295107) as Managing Director and CEO, Shri Amresh Prasad (DIN: 11522143) as Executive Director, and Dr. Debasish Prusty (DIN: 10655471) as Government Nominee Director.