UCO Bank has informed the Exchange regarding 'Extraordinary General Meeting : Update on Election of One Shareholder Director '.
UCOBANK · price
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UCO Bank has informed the stock exchanges that Mr. Rajesh Kumar Ailawadi (60, B.Sc, LLB) has been deemed elected as a Shareholder Director, representing shareholders other than the Central Government. He was the sole nominee received by the 27 February 2026 deadline, and was found 'Fit and Proper' by the Bank's Nomination and Remuneration Committee under the RBI's 2025 Governance Directions. He assumes office from 8 March 2026 and will hold the position until 9 January 2028. Since there was only one candidate for the single vacancy, the election agenda item will not be taken up at the EGM scheduled for 16 March 2026, though the meeting will still proceed for the remaining agenda item.
This is a routine board composition update with no material impact on shareholders or stock price. The uncontested election means existing governance continuity is maintained, and the EGM still proceeds for other business as planned.