City Union Bank Limited has informed the Exchange regarding 'APPOINTMENT OF SECRETARIAL AUDITOR '.
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City Union Bank's Board of Directors, at a meeting held on June 11, 2025, approved the appointment of M/s KVS & Associates, Practising Company Secretaries (Tiruchirapalli), as the Bank's Secretarial Auditor. The appointment is effective from April 1, 2025, for a period of five consecutive years covering FY 2025-26 to FY 2029-30. The appointment is subject to approval by shareholders at the upcoming Annual General Meeting. The firm's lead partners, Shri V. Sankar and Smt. K. Uma, bring approximately 30 years and 20 years of experience respectively in company secretarial functions and compliance. Neither partner is related to any Director of the Bank.
This is a routine regulatory compliance appointment under SEBI's Listing Regulations and does not materially affect the bank's operations or financials. It reflects standard corporate governance practice, with no expected impact on the stock price.