City Union Bank Limited has informed the Exchange about Scrutinizer Report and Voting Results of AGM
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City Union Bank submitted the voting results and scrutinizer's report for its Annual General Meeting held on August 13, 2025 via video conferencing. Seven resolutions were put to vote, with all of them approved by shareholders. Key items include adoption of audited financial statements for FY25 (99.85% in favour), declaration of a 200% dividend (Rs. 2 per share on Re. 1 face value) for FY 2024-25 (99.99% in favour), reappointment of joint statutory central auditors for FY 2025-26 (96.30% in favour), appointment of secretarial auditors for five years, and revision of fixed remuneration for MD & CEO Dr. N. Kamakodi as approved by RBI (99.95% in favour). A special resolution to authorise the Board to raise funds via Qualified Institutional Placement (QIP) was also passed with 99.92% support.
All routine AGM items were passed with overwhelming support, confirming a Rs. 2 per share dividend and continuity of auditors and management. The QIP authorisation is a forward-looking signal — it gives the Board flexibility to raise fresh capital, which could lead to share dilution if and when it is actually used. For shareholders, the immediate takeaway is the confirmed dividend and stable governance, while the QIP clearance is something to watch for future capital-raising action.