UCO Bank has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 16, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report.
UCOBANK · price
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UCO Bank held an Extraordinary General Meeting (EGM) on March 16, 2026 via video conference, attended by 23 members including one Government of India representative. The agenda item on election of a Shareholder Director was cancelled because Mr. Rajesh Kumar Ailawadi was the sole valid nominee and was deemed elected on March 7, 2026 after being found fit and proper. The key resolution — extending the tenure of Executive Director Shri Rajendra Kumar Saboo by three more years beyond his term ending November 20, 2025 — was passed as an Ordinary Resolution with overwhelming support, with 99.82% of votes (approximately 117.33 crore shares) in favour and only 0.18% against. The meeting concluded in about 25 minutes.
This is a routine governance filing with no material financial impact. It confirms leadership continuity at the bank, as the ED's three-year extension had already been approved by the Central Government and now has near-unanimous shareholder backing. The stock price is unlikely to react meaningfully to this procedural announcement.