StockWatch
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Private Sector Bank
Board Meeting16 Jun 2026, 06:30 pm

City Union Bank Board Meeting on June 23 to Fix AGM Date, Consider Capital Raise

AI Summary

City Union Bank has announced a Board of Directors meeting scheduled for June 23, 2026. The primary agenda items include fixing the date for the upcoming Annual General Meeting (AGM) and its agenda. Additionally, the board will consider proposals for raising capital through various methods permitted by SEBI regulations, a practice shareholders have approved annually since FY 2009. The bank also plans to fix a record date for dividend distribution. This meeting signals proactive steps towards future capital requirements and shareholder engagement.

Key Highlights

  • Board meeting scheduled for June 23, 2026.
  • Agenda includes fixing AGM date and capital raising options.
  • Record date for dividend to be decided.
  • Potential for future capital infusion via QIP or other methods.