UCO Bank has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 19, 2025
UCOBANK · price
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UCO Bank has announced its 22nd Annual General Meeting scheduled for Thursday, June 19, 2025, at 11:00 AM via Video Conference. The AGM will cover six agenda items, including adoption of audited financial statements for FY 2024-25, declaration of a dividend of Rs 0.39 per equity share, and approval of an Equity Capital Raising Plan of up to Rs 2,700 crore (270 crore shares of Rs 10 each) for FY 2025-26. Other items include appointment of M/s B. Narasimhan & Associates as Secretarial Auditor for five years at Rs 55,000 annually, and approval of the appointments of Shri Ravi Kumar Agrawal and Shri Anjan Talukdar as Part-time Non-Official Directors with effect from April 11, 2025. Remote e-voting will be open from June 16 (9:00 AM) to June 18, 2025 (5:00 PM), with June 12, 2025 as the cut-off date for e-voting eligibility. The current government holding in the bank stands at 9.05%.
Shareholders should note the proposed dividend of Rs 0.39 per share and the significant equity capital raising plan of up to Rs 2,700 crore, which could lead to dilution. The virtual AGM format allows retail investors to participate via e-voting, and the appointments of new directors will be formally ratified at this meeting.