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An announcement from City Union Bank Limited ( (IN:CUB) ) is now available.
City Union Bank Limited has announced the results of a postal ballot conducted via remote e-voting, confirming that all resolutions placed before shareholders were passed with the requisite majority. The process complied with SEBI listing regulations and the Companies Act, and an independent scrutinizer’s report was provided to validate the voting outcome.
Shareholders approved the appointment of K. Subramanian as an independent director and endorsed elevating Executive Director R. Vijay Anandh to Managing Director and CEO effective May 1, 2026, including his remuneration. They also sanctioned revisions in the fixed remuneration of current MD & CEO Dr. N. Kamakodi, effective May 1, 2025, and of Executive Director R. Vijay Anandh from June 24, 2025, as cleared by the Reserve Bank of India, signaling continuity and planned succession in the bank’s top management.
More about City Union Bank Limited
City Union Bank Limited is an Indian private sector bank headquartered in Kumbakonam, Tamil Nadu, with shares listed on the National Stock Exchange of India and BSE. The bank focuses on providing a range of banking and financial services, and its governance and leadership structure are closely monitored by regulators such as the Reserve Bank of India, reflecting its role in the domestic financial system.
Average Trading Volume: 155,440
Technical Sentiment Signal: Buy
Current Market Cap: 178.9B INR
Learn more about CUB stock on TipRanks’ Stock Analysis page.