UCO Bank has announced the deemed election of Mr. Rajesh Kumar Ailawadi as Shareholder Director following the receipt of a single nomination for the position. The appointment comes after the bank received only one nomination by the February 27, 2026 deadline for the director election process.

Director Appointment Details

The bank's Nomination and Remuneration Committee of the Board (NRCB) met on March 7, 2026, and accorded "Fit and Proper" status to Mr. Ailawadi in accordance with Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 dated November 28, 2025.

Election Process and Regulatory Compliance

Since only one valid nomination was received for the single vacancy and the candidate has been found "Fit and Proper," Mr. Ailawadi is deemed elected as Shareholder Director under Regulation 66(i) of the UCO Bank (Shares and Meetings) Regulations, 2003. He will assume office with effect from March 8, 2026, being the day following his deemed election date of March 7, 2026.

Impact on Extraordinary General Meeting

Due to the uncontested election, Agenda item no. 1 relating to the election of one Shareholder Director will not be transacted at the Extraordinary General Meeting (EGM) scheduled for March 16, 2026. The associated voting and e-voting for this agenda has been cancelled.

The EGM will proceed as scheduled on March 16, 2026 at 11:00 a.m. through Video Conference (VC)/Other Audio-Visual Means (OAVM) to address the remaining agenda item. Remote e-voting and e-voting for Agenda item No. 2 will take place as per the schedule indicated in the EGM Notice dated February 19, 2026.

UCO Bank has issued a formal notice to stock exchanges regarding a potential strike that could disrupt its operations on February 12, 2026. The bank informed the National Stock Exchange and BSE Limited about the strike call given by three major banking unions.

Strike Details and Union Involvement

The Department of Financial Services (DFS), Ministry of Finance, Government of India has communicated that three prominent banking unions have called for a strike on Thursday, February 12, 2026. The participating unions include:

• All India Bank Employees' Association (AIBEA)
• Bank Employees' Federation of India (BEFI)
• All India Bank Officers' Association (AIBOA)

The strike has been called in support of the broader strike call given by Central Trade Unions, indicating coordinated action across the banking sector.

Bank's Preparatory Measures

UCO Bank has acknowledged the potential impact on its operations and stated that it is taking necessary steps to ensure smooth functioning of its branches and offices during the strike day. However, the bank has cautioned that despite these preparatory measures, the functioning of branches and offices may still be affected if the strike materializes as planned.

Regulatory Compliance

The notification was issued under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events that could impact their operations or stakeholder interests. The notice was signed by Company Secretary Vikash Gupta and dated February 11, 2026.

The advance notice allows customers and stakeholders to plan accordingly for potential service disruptions on the specified date. The bank's proactive communication demonstrates its commitment to transparency and regulatory compliance while preparing contingency measures to minimize operational impact.