UCO Bank has disclosed that the President of India, as the promoter, held 11,404,910,524 equity shares, representing 90.95% of the bank’s total equity, as of 31st March 2026. This information was revealed in the annual disclosure under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The bank further clarified that there were no encumbrances made by the promoter or any persons acting in concert during the financial year 2025-26.
This disclosure is part of the regulatory requirements set by the Securities and Exchange Board of India (SEBI) to ensure transparency in the substantial acquisition of shares and takeovers. The President of India’s substantial shareholding underscores the government’s significant stake in UCO Bank, a key player in the Indian banking sector.
The bank’s commitment to maintaining transparency and adhering to SEBI regulations is evident from this latest disclosure. By confirming the absence of encumbrances, UCO Bank reassures stakeholders of the stability and reliability of its management and ownership structure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).