City Union Bank Limited has informed the Exchange that Record date for the purpose of Bonus is 12-Jun-2026.
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City Union Bank Limited has announced June 12, 2026 as the Record Date for determining shareholder entitlement to bonus shares. The Board of Directors approved this at their meeting on May 25, 2026. The bonus will be issued in the ratio of 1:3, meaning 1 equity share for every 3 fully paid-up equity shares held as on the record date. The bonus issue is subject to approval by the shareholders of the Bank. This follows the company's earlier communication on April 27, 2022 regarding the bonus proposal.
Bonus issues typically provide a positive sentiment signal, increasing the number of shares held by investors without additional cost. The 1:3 ratio means shareholders will receive approximately 33% more shares, though the stock price may adjust proportionally post-issuance.