Union Bank of India has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended December 31, 2025. The bank filed the mandatory certificate on January 12, 2026, demonstrating adherence to regulatory requirements for dematerialisation processes.

Regulatory Compliance Details

The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to provide quarterly confirmations regarding their dematerialisation processes and compliance with depository requirements.

Stock Exchange Notifications

The compliance certificate was submitted to both major Indian stock exchanges where Union Bank of India shares are listed. The bank provided specific trading details for each exchange to ensure proper regulatory compliance.

Registrar Confirmation

KFin Technologies Limited, serving as the bank's Registrar and Share Transfer Agent, provided comprehensive confirmation of compliance procedures. The registrar confirmed that all securities received from Depository Participants for dematerialisation during the quarter were properly processed and verified.

Key confirmations from KFin Technologies included:

• All dematerialisation requests were confirmed to depositories
• Securities comprised in certificates have been listed on appropriate stock exchanges
• Physical security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners

Administrative Details

The compliance certificate was signed by Mangesh Mandrekar, Company Secretary of Union Bank of India, and digitally authenticated on January 12, 2026. KFin Technologies' confirmation was provided by Praveen Chaturvedi, Senior Vice President, from their operations centre in Hyderabad.

This quarterly filing represents Union Bank of India's ongoing commitment to regulatory compliance and transparent reporting of its dematerialisation processes. The certificate ensures that all stakeholders are informed about the bank's adherence to SEBI regulations governing depositories and participant activities.

Union Bank of India has successfully completed the redemption of bonds valued at ₹1,085.93 crores on January 09, 2026, through the exercise of its call option. The public sector bank announced the completion of this significant financial transaction in its regulatory filing to the stock exchanges, demonstrating proactive debt management ahead of the scheduled maturity.

Bond Redemption Details

The redemption involved 1,000 Non-Convertible Debentures (NCDs) with ISIN INE692A08128, representing a full redemption of the bond issue. The bank exercised its call option to redeem the bonds two business days ahead of the original maturity date of January 11, 2026.

Payment Timeline and Compliance

The early redemption was necessitated by business day considerations, as both January 10, 2026, and January 11, 2026, were non-business days. Following standard banking practices, the payment was processed on the preceding business day to ensure timely settlement. The last interest payment on these bonds was made on January 13, 2025.

Regulatory Framework

This redemption was executed under the call option provision, allowing the bank to retire the debt ahead of maturity. The transaction complies with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely reporting of interest and principal payments on listed debt securities.

Financial Impact

The redemption amount of ₹1,085.93 crores encompasses both principal and coupon components, with applicable Tax Deducted at Source (TDS) being deducted as per regulatory requirements. With this redemption, the bank has completely retired this particular bond issue, leaving no outstanding balance.

The successful completion of this bond redemption reflects Union Bank of India's commitment to honoring its debt obligations and maintaining investor confidence in its debt securities. The proactive exercise of the call option demonstrates effective treasury management and strategic debt optimization.