DCB Bank Holds 31st Annual General Meeting, Transacts Key Resolutions and Approves Dividend

DCB Bank Holds 31st Annual General Meeting, Transacts Key Resolutions and Approves Dividend​

DCB Bank Limited held its 31st Annual General Meeting (AGM) on Friday, July 03, 2026. The meeting, which commenced at 02:30 P.M. (IST), concluded at 04:51 P.M. (IST) and included the transaction of several matters set out in the AGM Notice dated June 05, 2026.

The members transacted all items of business contained in the notice, which were unanimously passed with the requisite majority. Directors and Key Managerial Personnel of the Bank were present at the meeting. The AGM was chaired by Mr. Pushan Mahapatra, Non-Executive - Part-Time - Chairman and Independent Director.

During the proceedings, the Chairman delivered a speech outlining the Bank's performance alongside global economy outlook. Following this, Mr. Praveen Kutty, Managing Director & CEO of the Bank, addressed the members. The Chief Financial Officer (CFO), Mr. Ravi Kumar, presented the financial performance review for Fiscal Year 2025-26.

Voting and Resolution Outcomes​

The AGM encompassed a wide range of ordinary and special business resolutions, including the adoption of financial statements, dividend declaration, re-appointments of directors, approval of auditors, and strategic capital actions.

Among the key matters transacted were:

• Dividend Declaration: Members approved the declaration of a dividend amounting to Rs. 1.45 per Equity Share for the Financial Year ended March 31, 2026, where the resolution was passed with over 99% approval across voting modes.
• Director Re-appointment (Nadir Bhalwani): Mr. Nadir Bhalwani, who retires by rotation, received approval for re-appointment as a Director of the Bank. The resolution saw a total of 170 million votes cast against, resulting in a 99.48% majority vote in favour.
• Auditor Appointment: Approval was granted for the appointment of Joint Statutory Auditors and to fix their overall audit fees, receiving strong approval percentages across both AGM and remote e-voting channels.
• Capital Actions: Special resolutions were approved concerning the raising of funds by issue of bonds/debentures/securities on a Private Placement basis, as well as the issue of Equity Shares/Other Securities convertible into Equity Shares through Qualified Institutions Placement (QIP).

AGM Attendance and Statutory Details​

The meeting was held via Video Conferencing (VC) / Other Audio Visual Means (OAVM).

A summary of the attendance and statutory data for the Annual General Meeting is detailed below:


The Scrutinizer's Report confirmed that all resolutions mentioned in the notice dated June 05, 2026 were passed with requisite majority on July 03, 2026. The voting outcomes for the AGM and remote e-voting, along with the Scrutinizer's Report, have been made available on the Bank’s website and CDSL’s platform.

DCBBANK Stock Price Movement​

Shares of DCB Bank Limited slipped by 2.40% today, closing near the end of trading at ₹188.84 after shedding ₹4.65 from its previous close. The stock traded on a volume of 762,974 shares during the session.