City Union Bank Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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City Union Bank's Board, at its meeting on April 27, 2026, approved an increase in the Bank's Authorized Share Capital, necessitating amendments to the Memorandum and Articles of Association. The new authorized share capital is proposed at Rs. 200 crores, divided into 200 crore equity shares of Re. 1 each. This amendment is subject to approval from the RBI under Section 49C of the Banking Regulation Act, 1949, as well as from the shareholders. The filing has been made to both NSE and BSE in compliance with SEBI Listing Regulations.
This is a procedural/preparatory step that gives the Bank the headroom to potentially raise fresh equity capital in the future, but no actual fundraising is announced yet. Shareholders will need to approve the amendment, and the move alone is unlikely to have an immediate impact on the stock price.