Dar Credit & Capital Approves Dividend and Key Governance Changes at Board Meeting

Dar Credit & Capital Approves Dividend and Key Governance Changes at Board Meeting​

Dar Credit & Capital Limited held a Board meeting on June 17, 2026, during which it approved several key corporate actions, including the declaration of dividends, the scheduling of its 32nd Annual General Meeting (AGM), and significant changes regarding its board composition and debt issuance capabilities.

The Board of Directors confirmed the dates related to the company's dividend entitlements and the AGM. The requisite record date for determining member entitlement to receive a Final Dividend of Rs 0.5 per Equity Share, which has a face value of Rs 10/- each fully paid up for the financial year 2025-2026, was set as June 23, 2026. The book closure period for dividend purposes and the AGM is scheduled from July 10, 2026, to July 17, 2026.

The 32nd Annual General Meeting (AGM) is scheduled for Friday, July 17, 2026, through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will also see several resolutions concerning the company's governance and operations put before shareholders.

Board Appointments and Director Tenure Decisions​

The board addressed matters related to director appointments and tenure continuity. Mr. Gautam Bhattacharya was approved for appointment as an Independent Director, effective from August 01, 2026, with a term extending until July 31, 2031, subject to shareholder approval at the ensuing AGM. Mr. Bhattacharya brings experience to the role, holding an M.Sc in Organic Chemistry and an MBA from IIM Kolkata, and possesses over 35 years of banking experience gained across various verticals and geographies at State Bank of India (SBI).

Further decisions regarding existing directors included approving the continuation of Mr. Ramesh Kumar Vijay, a Whole-time Director (WTD), beyond the age of 70 years, pending shareholder approval. The Board also approved the continuity of Mr. Rajkumar Vijay, who is a WTD and will not be liable to retire by rotation. Additionally, the appointment of Mr. Umesh Khemka as a Non-Executive Director was approved, with his status subject to shareholder ratification at the upcoming AGM.

The appointments and tenure changes are summarized below:

Financial and Corporate Structural Approvals​

The Board granted blanket approval for the issuance of Non-Convertible Debentures (NCDs) from time to time, subject to a borrowing limit not exceeding 350 crores. The existing Finance Management Committee (FMC) was delegated the power to manage the issuance, allotment, and all incidental matters related to these NCDs.

Furthermore, the Board approved an amendment to the company's Articles of Association (AOA). This alteration involves inserting an enabling paragraph into existing Article no. 20.3 of the AOA. The amended clause grants the Company the power to consolidate and re-issue its debt securities, including Non-Convertible Debentures and other debt instruments, in accordance with applicable laws and regulations.

The Board also appointed National Securities Depository Limited (NSDL) as the Remote E-Voting Agency for the AGM resolutions and TP & Associates, a Practicing Company Secretary, to act as Scrutinizer for the remote e-voting process.

DCCL Stock Price Movement​

As of 1:55 PM, shares of Dar Credit & Capital Limited are slipping by 0.5% in live trading, currently at ₹40.00 as investors react to intraday movements. The stock trades on a volume of 6,000 shares, navigating the tight trading range defined by its current market activity.