Union Bank of India, on Friday, conducted its 20th Annual General Meeting (AGM) at 11.00 AM at Central Office, Union Bank of India, Mumbai (the deemed venue of the Meeting) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) facility in compliance with MCA I SEBI I MOF guidelines.
Ms. A. Manimekhalai, Managing Director & CEO of the Bank chaired the meeting pursuant to Regulation 59 of the Union Bank of India (Shares and Meetings) Regulations, 1998, as amended.
In the said AGM, Shareholders of the Bank passed following Resolutions with requisite majority :
Discussion, approval and adoption of Accounts (Standalone and Consolidated) for the year ended March 31, 2022 together with the reports of Board of Directors and Auditors.
Declaration of Dividend of Rs. 1.90 per Equity Share for the Financial Year 2021-22.
Raising of Capital for an aggregate amount of Rs. 8,100 crore.
The Chairperson thanked all the Shareholders for their presence and continued support.