Paper Advertisement - Notice of Postal Ballot to the Members
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City Union Bank Limited has issued a postal ballot notice seeking shareholder approval on two items: (1) appointment of Shri R Mohan as an Independent Director on the Board, and (2) issue of bonus shares. The remote e-voting period runs from April 30, 2026 to May 29, 2026, with results to be announced by June 2, 2026. The notice was dispatched via email to eligible members as of the cut-off date April 24, 2026. The bank has also highlighted an IEPFA campaign for shareholders to update KYC details and a SEBI special window for dematerialization of physical securities sold/purchased before April 1, 2019.
The appointment of an independent director will strengthen board governance, while the bonus share issue will increase the bank's share capital and potentially improve liquidity for existing shareholders.