Union Bank of India Board Approves FY26 Audited Results; Recommends ₹5 Dividend/Share
Union Bank of India's Board approved audited standalone and consolidated financial results for FY26. The bank recommended a dividend of ₹5 per equity share for FY26, subject to approvals. Details on AGM and book closure will be announced later. The Board meeting concluded on April 23, 2026.
The approval of financial results and dividend recommendation are significant for shareholders, but the actual payment is subject to approvals, moderating the immediate impact.
The recommendation of a dividend and the approval of audited financial results are positive indicators for the company.
Union Bank of India announced the audited financial results for the quarter and year ended March 31, 2026. The results, both standalone and consolidated, were approved by the Bank's Board of Directors at a meeting held on April 23, 2026. The Board has recommended a dividend of ₹5 per equity share of ₹10 face value for the Financial Year 2025-26. The payment of this dividend is contingent upon receiving necessary statutory approvals and the approval of the shareholders at the upcoming 24th Annual General Meeting (AGM). The bank will communicate the date of the AGM, the book closure period for the AGM, and the dividend details in due course.
The announcement also includes the Statement of Assets and Liabilities as of March 31, 2026, and the Statement of Cash Flows for the year ended March 31, 2026. The Independent Auditors' Report on the financial results has been submitted by the Statutory Central Auditors. Furthermore, the bank confirmed a NIL statement of deviation/variation in the utilization of proceeds from the issue of Equity Shares and Non-Convertible Debt Bonds for the quarter ended March 31, 2026. A NIL Security Cover certificate as of March 31, 2026, for non-convertible debt securities was also submitted.
The Board meeting commenced at 09:40 a.m. and concluded at 12:25 p.m. The financial results will be made available on the bank's website.
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Union Bank of India filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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