City Union Bank has confirmed the successful processing of all requests for share dematerialization during the fourth quarter (Jan-Mar 2026). The bank’s registrar verified that all securities received from depository participants were duly mutilated, cancelled, and substituted in the register of members within the mandated 15-day window. This process ensures accurate record-keeping and reflects the bank’s commitment to maintaining efficient electronic security management for its shareholders.
Quarterly Compliance Update
City Union Bank has finalized its security reconciliation process for the quarter ending March 31, 2026. In collaboration with its registrar, Integrated Registry Management Services Pvt. Ltd., the bank has successfully verified all dematerialization requests submitted by depository participants. The process ensures that the records accurately reflect the conversion of physical shares into electronic format, maintaining transparency and administrative efficiency.
Processing and Verification Standards
The bank adhered to strict verification protocols during the quarter. Following the receipt of securities, all physical certificates were mutilated and cancelled to prevent further circulation. The register of members has been updated to reflect the depositories as the registered owners. All administrative actions were completed within the 15-day deadline, ensuring that the dematerialized securities were promptly listed on the relevant stock exchanges for trading purposes.
Source: BSE
