AGM results: Dividend Rs 5 per share, capital raise plan approved
UNIONBANK · price
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Union Bank's 24th AGM (July 10, 2026) approved all 8 resolutions. Dividend of Rs 5 per share for FY26 passed with 99.81 percent support. Capital raise via fresh equity or Additional Tier-1 and Tier-2 bonds under BASEL III cleared with 99.95 percent. Asheesh Pandey appointed as MD and CEO with 99.38 percent. Reappointments of Nitesh Ranjan and Ramasubramanian S as Executive Directors got 93 to 95 percent. Amresh Prasad appointed Executive Director (93.19 percent) and Debasish Prusty as Government Nominee Director (91.11 percent). Audited FY26 accounts adopted.
Shareholders get Rs 5 per share dividend. Capital raise approval may lead to equity dilution. New MD and CEO Asheesh Pandey takes charge with full board in place.