Union Bank of India has informed the Exchange about Addendum to the Notice of 23rd Annual General Meeting of the Bank
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Union Bank of India has issued an addendum to its 23rd Annual General Meeting notice scheduled for Friday, August 1, 2025, at 11:00 am via video conferencing. The addendum adds a new agenda item (Item No. 6) seeking shareholder approval for the appointment of Shri Rohan Chand Thakur (DIN: 07944078) as Government Nominee Director, nominated by the Central Government effective July 24, 2025. Thakur is a 2009-batch IAS officer (Himachal Pradesh cadre) currently serving as Director in the Ministry of Finance's Department of Financial Services, with expertise in economics, management, finance, and banking. The addendum also confirms that the remuneration for the newly appointed Secretarial Auditor, M/s Ragini Chokshi & Co., is Rs. 90,000 per annum plus applicable taxes. Thakur holds no shares in the bank and is not debarred from holding a directorship by SEBI.
This is a routine governance update adding a government-nominated director for shareholder approval at the upcoming AGM. There is no material financial impact on shareholders, as the director's appointment is already effective from July 24, 2025, and this addendum merely formalizes the required shareholder vote under SEBI listing rules.