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11 Apr 2026
City Union Bank has announced the allotment of 43,166 equity shares to its Managing Director and CEO Dr. N Kamakodi under the Employee Stock Option Scheme. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors at its meeting held on April 11, 2026.
Stock Option Exercise Details
The shares were allotted pursuant to the exercise of stock options by Dr. N Kamakodi under the CUB Employees Stock Option Scheme 2017 Part B. The allotment comprises shares from two different series with varying issue prices.
Series No. of Shares Issue Price (including F.V. @ Re. 1/-) ESOS 2017 Part B Series II 22,328 131.67 ESOS 2017 Part B Series III 20,838 154.76 Total 43,166 ---
Impact on Share Capital
Following this allotment, City Union Bank's paid-up capital has increased from Rs. 74,30,47,262 to Rs. 74,30,90,428. This represents the direct impact of the stock option exercise on the bank's equity base.
Regulatory Compliance
The bank has informed the stock exchanges about this allotment under Regulation 30 of SEBI Listing Regulations, 2015 (as amended). The intimation was sent to both the National Stock Exchange of India Ltd. and BSE Ltd. on April 11, 2026, ensuring compliance with disclosure requirements for material events.
City Union Bank Limited has announced the opening of its new branch at West Mambalam in Chennai on April 10, 2026. This expansion brings the bank's total branch network to 950 branches across the country, marking a significant milestone in its growth trajectory.
Branch Details and Location
The new West Mambalam branch has been strategically positioned in Chennai's bustling commercial area. The branch details are as follows:
Parameter: Details Branch Name: West Mambalam Branch Number: 950 CBS Code: 00955 Address: Door No. 18 & 22, Station Road, West Mambalam, Chennai – 600 033 Opening Date: April 10, 2026
Regulatory Compliance and Notification
The bank has formally notified both the National Stock Exchange of India Limited and BSE Limited about this branch opening in compliance with Regulation 30 of SEBI Listing Regulations 2015. The notification was signed by Venkataramanan S, Company Secretary and Compliance Officer of City Union Bank Limited.
Network Expansion Milestone
With the opening of the West Mambalam branch, City Union Bank has reached the significant milestone of operating 950 branches nationwide. This expansion demonstrates the bank's commitment to enhancing its physical presence and accessibility for customers in key urban markets.
The new branch is expected to serve the banking needs of residents and businesses in the West Mambalam area, which is a well-connected locality in Chennai with good transportation links and commercial activity.
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