UCO Bank has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 19, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
UCOBANK · price
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UCO Bank held its 22nd AGM on June 19, 2025 via video conferencing, attended by 63 members including a Government of India representative. All six resolutions were passed with overwhelming majority, with assent levels ranging from 99.92% to 99.9998%. Shareholders approved the audited financial statements for FY ending March 31, 2025, declared an equity dividend for FY24-25, and cleared an equity capital raising plan for FY25-26. They also appointed M/s A Saraswat & Associates as Secretarial Auditor for five years, and approved two new part-time non-official directors — Shri Ravi Kumar Agrawal and Shri Anjan Talukdar. The Scrutinizer's Report by S.N. Ananthasubramanian & Co confirmed all polled votes as valid.
The passing of the dividend resolution is a positive confirmation for shareholders awaiting the FY25 payout, while the approved equity capital raising plan for FY26 hints at potential share dilution ahead, which may pressure the stock. New director appointments strengthen governance but are routine in nature.