City Union Bank Limited has informed the Exchange regarding Board meeting held on Jun 11, 2025.
CUB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
City Union Bank's Board of Directors met on June 11, 2025 and approved three key items. First, the Annual General Meeting has been scheduled for Wednesday, August 13, 2025. Second, the Board declared a dividend of 200% (i.e., Rs. 2 per equity share on a face value of Re. 1) for FY-2025, with the record date fixed as August 1, 2025 and payment to follow on or after August 13, 2025. Third, the Board approved raising further capital of around Rs. 100 crore (including premium) through the Qualified Institutional Placement (QIP) route, subject to shareholder approval at the upcoming AGM.
Shareholders holding shares as of the August 1, 2025 record date will be eligible for the Rs. 2 per share dividend. The proposed Rs. 100 crore QIP signals a modest capital infusion, which may lead to slight dilution but strengthens the bank's capital base for future growth.