City Union Bank to Hold Board Meeting, Plan Capital Raise and AGM

City Union Bank to Hold Board Meeting, Plan Capital Raise and AGM​

City Union Bank Ltd has scheduled a Board meeting to address several key corporate matters, including seeking shareholder approval for a potential capital raising exercise and finalizing the agenda for its forthcoming Annual General Meeting (AGM).

The Bank's Board of Directors is set to convene on Tuesday, June 23, 2026, in Chennai. The meeting will focus on fixing the date of the ensuing AGM and detailing the necessary items that must be included in the Notice calling the AGM.

A major agenda item for the Bank involves capital raising through prescribed methods. If approved by the Board, the plan to raise capital will be presented at the AGM seeking enabling resolution from shareholders, a process the Bank has undertaken since Fiscal Year (FY) 2009. The company noted that in FY 2014-15, it exercised a blanket approval to raise capital amounting to Rs. 350 crore through a Qualified Institutional Placement (QIP).

The agenda also includes setting the requisite dividend record date for the shareholders of City Union Bank Ltd.

CUB Stock Price Movement​

Today, City Union Bank Limited shares edged higher to close at ₹205.45, gaining 2.88% after settling up ₹5.75. The bank's stock saw strong activity in the market, with a total traded volume reaching 3.50 million shares.