Submission of revised evoting results along with Scrutinizer Report on Postal Ballot.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
City Union Bank has announced the results of two resolutions passed through postal ballot e-voting. First, shareholders approved the appointment of Shri R Mohan as an Independent Director with 92.76% votes in favour (34.6 crore votes). Second, the proposal to issue Bonus Shares was passed with overwhelming 97.51% approval (36.2 crore votes in favour). The e-voting remained open from April 30, 2026 to May 29, 2026, conducted through NSDL. Scrutinizer KUVS & Associates certified the results as valid and transparent. Both resolutions received strong shareholder support with participation covering over 50% of outstanding shares.
The appointment of R Mohan as Independent Director strengthens the bank's board governance. The bonus share issue increases the bank's share capital, rewarding existing shareholders with additional equity. Both outcomes are positive signals for shareholders.