Intimation of Outcome of eVoting together with Scrutinizer report
CUB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
City Union Bank shareholders have approved two key resolutions via postal ballot through e-voting conducted between April 30, 2026 and May 29, 2026. First, the appointment of Shri R Mohan as an Independent Director was passed with 92.76% votes in favour (34.6 crore votes) against 7.24% against (2.7 crore votes). Second, the Issue of Bonus Shares was approved with 97.51% votes in favour (36.2 crore votes) against only 2.49% against (1.08 crore votes). Both resolutions received overwhelming shareholder support with approximately 50.19% of outstanding shares participating in voting.
The approval of bonus shares is positive for existing shareholders as it increases their shareholding without additional investment. The strong 92.76% approval for the independent director appointment signals shareholder confidence in the board composition. The stock may see positive sentiment from these outcomes, particularly the bonus issue which is typically viewed favourably by markets.