United Bank of India (Delisted) MD, chairman, board of directors and AGM

BSE: 533171

Last traded ₹4.50 on 20 Mar 2020

Delisted on 27 May 2020.

United Bank of India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.United Bank of India share news and announcements

Extraordinary general meeting, 7 Nov 2019

Present: 1 promoter and 1,653 others.The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot up to 164,13,79,310 equity shares of face value of Rs.10/- each (Rupees Ten only) at Rs. 10.15 per equity share including premium of Rs.0.15 per equity share aggregating up to Rs. 1,666 Crore (Rupees One Thousand Six Hundred and Sixty Six Crore) to the President of India acting on behalf of the Government of India on preferential basis for cash.MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.06%

    Turnout: all 98.11% · promoters 100.00% · institutions 85.08% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jun 2019, 2 resolutions

Present: 1 promoter and 1,803 others.The company's voting result (opens in a new tab)

  1. To discuss, approve and adopt the Balance Sheet, Profit & Loss Account of the Bank as at and for the year ended 31st March, 2019, the Report of the Board of Directors on the workings and activities of the Bank for the period covered by the Accounts and the Auditor?s Report on the Balance Sheet and Accounts.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.10%

    Turnout: all 98.11% · promoters 100.00% · institutions 83.58% · other public 0.14%

  2. To create, offer, issue and allot equity shares of the face value of Rs.10/- each at such price including premium as may be decided in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and/or SEBI circular no(s).CIR/CFD/CMD/14/2015 dated 30.11.2015 and SEBI/HO/CFD/CMD/CIR/P/43/2018 dated 22.02.2018, not exceeding Rs.1500 crore, in one or more tranches.MoreLess
    Special

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Mar 2019, 1 resolution

The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot 2,57,38,89,392 Equity Shares of face value of Rs.10/- (Rupees Ten only) each at an issue price determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations, 2018 as Rs.11.03/- per share inclusive of premium for cash to the President of India acting on behalf of Government of India aggregating to Rs. 2839 crore (Rupees Two Thousand Eight Hundred and Thirty Nine Crore only) on preferential basis.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.93%

    Turnout: all 97.11% · promoters 100.00% · institutions 83.37% · other public 0.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Feb 2019, 1 resolution

The company's voting result (opens in a new tab)

  1. 1 - To create, offer, issue and allot 181,73,40,067 Equity Shares of face value of Rs.10/- (Rupees Ten only) each at an issue price determined in accordance with Regulation 164 of the SEBI (ICDR) Regulations 2018 of Rs.11.88/- per share inclusive of premium for cash to the President of India acting on behalf of Government of India aggregating to Rs. 2159 crore (Rupees Two Thousand One Hundred and Fifty Nine Crore only) on preferential basis.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.57%

    Turnout: all 94.80% · promoters 100.00% · institutions 67.56% · other public 0.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 7 Nov 2019, 1 fund house

  • To create, offer, issue and allot up to 164,13,79,310 equity shares of face value of Rs.10/- each (Rupees Ten only) at Rs. 10.15 per equity share including premium of Rs.0.15 per equity share aggregating up to Rs. 1,666 Crore (Rupees One Thousand Six Hundred and Sixty Six Crore) to the President of India acting on behalf of the Government of India on preferential basis for cash.MoreLess
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 27 Jun 2019, 1 fund house

  • To discuss, approve and adopt the Balance Sheet, Profit & Loss Account of the Bank as at and for the year ended 31st March, 2019, the Report of the Board of Directors on the workings and activities of the Bank for the period covered by the Accounts and the Auditor?s Report on the Balance Sheet and Accounts.MoreLess
    0 for0 against

    1 abstained

  • To create, offer, issue and allot equity shares of the face value of Rs.10/- each at such price including premium as may be decided in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and/or SEBI circular no(s).CIR/CFD/CMD/14/2015 dated 30.11.2015 and SEBI/HO/CFD/CMD/CIR/P/43/2018 dated 22.02.2018, not exceeding Rs.1500 crore, in one or more tranches.MoreLess
    0 for0 against

    1 abstained

2 earlier meetings

Mutual fund votes, meeting of 22 Jun 2015, 1 fund house

  • 1) Adoption of financial statements of the Bank for the year ended 31st March 2015 and the Reports of the Directors & the Auditors thereon.
    1 for0 against
  • 2) To raise Capital through FPO/ Rights/QIP etc.
    1 for0 against
  • 3) To elect a Director.
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 13 Mar 2015, 1 fund house

  • Approval to create, issue, allot equity shares and Covertible Equity Shares to the Government of India on preferential basis
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.