Annual Secretarial Compliance Report of the Bank for the Financial Year ended on March 31, 2025.

Union Bank of India has submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI's listing regulations, prepared by M/s. Ragini Chokshi & Co., Practicing Company Secretaries. The report flagged that the Bank's Board does not include directors representing workmen and non-workmen employees, a Chartered Accountant director, and faces issues with the number of government-nominated directors, as required under Section 9(3) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. No fine, penalty, or action was imposed by SEBI or stock exchanges on this account. The Bank explained that these director appointments are made by the Government of India and RBI, and are outside the Board's control. All other SEBI compliance areas — including insider trading, related party transactions, policies, website disclosures, and preservation of documents — were reported as fully compliant. The report also noted steps taken to address prior-year compliance gaps.