Annual Secretarial Compliance Report - 31.03.2026
UCOBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
UCO Bank has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, certified by Practicing Company Secretary M/s A Saraswat & Associates. The secretarial audit covered compliance with SEBI regulations including LODR, Prohibition of Insider Trading, and Depositories regulations. The report identifies two compliance deviations: (1) The Bank did not have an Independent Women Director on its Board from December 25, 2025 onwards, after Ms. Rachna Khare resigned as Shareholder Director, violating Regulation 17(1)(a) of SEBI LODR; (2) The Audit Committee lacked the required two-thirds Independent Directors during FY 2025-26 due to Board vacancies, violating Regulation 18 of SEBI LODR. Both issues stem from Government of India controlling director appointments. The Bank has reportedly complied with all other applicable SEBI regulations.
These regulatory non-compliances indicate governance gaps that could attract scrutiny from stock exchanges. However, as a PSU bank, UCO Bank has limited control over director appointments as they require Government of India approval. No monetary penalties were imposed, and the Bank has approached authorities to fill vacant positions.