Union Bank of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Union Bank of India has filed a regulatory disclosure confirming that the President of India (the bank's promoter) held 5,70,66,60,850 equity shares, representing 74.76% of the bank, as of March 31, 2025. Importantly, the promoter has not created any encumbrance (pledge or charge) on these shares — directly or indirectly — during the entire financial year ended March 31, 2025. This is a routine annual compliance filing required under SEBI takeover regulations to confirm the promoter's shareholding and pledge status.
This is a neutral, routine disclosure with no material impact on shareholders. It confirms government ownership remains stable at 74.76% and that no promoter shares are pledged, which is a positive sign of stability and reduces concerns over any forced selling pressure.