Announced Wed, 17 Jun · 22:36 IST
Union Bank 24th AGM on July 10; Rs 5 dividend, Rs 8000 cr capital raise
Board & Shareholder Meetings View source PDF
UNIONBANK · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹173.65
prior close
₹174.34
base price
After-mkt
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+0.7+0.8+0.6+1.1+1.3+1.7+0.8+0.8+0.5-0.6-5.4+1.2——
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AI summary
Union Bank's 24th AGM is set for July 10, 2026 via video conferencing. Key agenda: declare Rs 5 dividend per equity share (Rs 10 face value) for FY26, seek shareholder approval to raise up to Rs 8,000 crore via equity shares (up to Rs 3,000 cr) and AT1 or Tier 2 bonds (up to Rs 5,000 cr), reappoint two Executive Directors, appoint new MD and CEO plus a new Executive Director. E-voting cut-off: July 3, 2026.
Likely market impact
Dividend of Rs 5 per share is positive for shareholders. Capital raise up to Rs 8000 cr may lead to equity dilution. Board appointments await shareholder nod.