City Union Bank Limited has announced a 1:3 bonus equity share issue, subject to approval from the bank’s shareholders. The Board of Directors has fixed June 12, 2026, as the record date to determine shareholder eligibility. Under this proposal, existing shareholders will receive one new equity share for every three fully paid-up equity shares held as of the record date.
Bonus Share Issuance Details
City Union Bank Limited has officially confirmed the recommendation of a bonus share issue following its board meeting held on May 25, 2026. This corporate action aims to reward the bank’s shareholders by increasing the number of shares held, while maintaining the same proportion of ownership in the company.
Record Date and Eligibility
The bank has set June 12, 2026, as the official record date for the bonus issue. To be eligible for the new shares, investors must hold the bank’s equity shares in their demat accounts as of the market close on this date. The issuance is pending final approval from the shareholders of the bank.
Bonus Ratio Explained
The bonus shares will be distributed in a ratio of 1:3. This means that for every 3 fully paid-up equity shares currently held, investors will be credited with 1 additional equity share. This initiative reflects the bank’s capital management strategy and commitment to enhancing value for its long-term equity holders.
Source: BSE
