UCO Bank Recommends ₹0.44 Dividend, Plans ₹2700 Cr Equity & ₹5000 Cr Debt Raise
UCO Bank's Board approved FY26 audited results, recommending a dividend of ₹0.44 per share. The bank plans to raise ₹2700 crore via equity shares and up to ₹5000 crore through debt instruments in FY 2026-27. These proposals require shareholder approval at the upcoming AGM.
The proposed equity and debt fundraising of ₹2700 crore and ₹5000 crore respectively, along with a dividend payout, are material financial events that will significantly impact the bank's capital structure, operational capacity, and shareholder returns.
The announcement is positive due to the recommendation of a dividend and significant capital raising plans which indicate a focus on strengthening the bank's financial position and growth.
UCO Bank's Board of Directors, in a meeting held on April 25, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹0.44 per equity share for the financial year 2025-26. This dividend payment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the bank announced plans to raise equity capital up to ₹2700 crore by issuing 270 crore equity shares of face value ₹10 each. This capital raise will be executed through various modes like Qualified Institutional Placement (QIP) and Follow-on Public Offer (FPO), in one or more tranches, during FY 2026-27. The plan is also subject to shareholder approval at the AGM and other necessary regulatory approvals.
In addition to equity, UCO Bank also approved raising capital up to ₹5000 crore through the issuance of Basel III compliant Additional Tier I Bonds, Tier II Bonds, or Long-term Infra bonds. This debt capital will be raised in one or more tranches during FY 2026-27.
The board meeting commenced at 4:05 PM and concluded at 5:28 PM. The bank also enclosed the audited financial results, a declaration of an unmodified audit opinion, a security coverage certificate, and a statement of utilization of issue proceeds.
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UCO Bank filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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