City Union Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/06/2025 ,inter alia, to consider and approve Fix the date of AGM Record ....
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City Union Bank has called a Board meeting on Wednesday, June 11, 2025, in Chennai. The Board will decide the date and agenda for the upcoming Annual General Meeting (AGM). It will also consider raising capital through one or more permitted routes under SEBI and RBI rules, seeking an enabling resolution from shareholders — a practice the Bank has followed since FY 2009. The last time this approval was actually used was in FY 2014-15, when the Bank raised Rs. 350 crore via a Qualified Institutional Placement (QIP). Additionally, the Board will fix the record date for determining shareholders eligible for dividend.
No immediate financial impact as these are routine agenda items. However, the capital raising proposal and dividend record date fixation are positive signals — shareholders should watch for the AGM date announcement and any subsequent dividend declaration. The capital raise remains a precautionary enabling approval and may not result in an actual issue.