Dam Capital Advisors Limited has informed the Exchange regarding Appointment of Mr Dharmesh Anil Mehta as Managing Director & CEO of the company w.e.f. Jun 10, 2026.
DAMCAPITAL · price
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On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 5.8 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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DAM Capital Advisors reported FY2026 consolidated net profit of ₹72.69 crore, down ~30% from ₹103.78 crore in FY2025, with total revenue falling to ₹237 crore from ₹248 crore. The board proposed a final dividend of ₹1 per share (face value ₹2), subject to shareholder approval at the AGM. In leadership changes, Mr. Dharmesh Anil Mehta is re-appointed as Managing Director & CEO for 5 years from June 10, 2026. Mr. Jateen Doshi, Whole Time Director, will complete his tenure on June 9, 2026 and not seek re-appointment; he will remain as Head of Institutional Equities. The board also approved amendments to the DAM Capital Employee Stock Option Scheme 2024 and appointed PwC as Internal Auditor for FY2026-27.
Declining profitability (net profit down ~30% YoY) is a concern despite dividend declaration. The continuity of the CEO role provides stability, though the WTD departure and Q4 weak performance (standalone net profit just ₹0.26 crore) may worry investors.