Dam Capital Advisors Limited has informed the Exchange regarding Cessation of Mr Jateen Madhukar Doshi as Executive Director of the company w.e.f. Jun 09, 2026.
DAMCAPITAL · price
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DAM Capital Advisors reported FY2026 consolidated net profit of Rs. 72.69 crores, down 30% from Rs. 103.78 crores in FY2025. Total revenue stood at Rs. 237.14 crores versus Rs. 250.21 crores in the prior year. The Board approved a final dividend of Re. 1 per equity share (subject to shareholder approval at AGM). Key leadership changes include: Mr. Dharmesh Anil Mehta re-appointed as MD & CEO for 5 years effective June 10, 2026; Mr. Jateen Doshi completing his tenure as Whole Time Director on June 9, 2026 (not seeking re-appointment), though he continues in his operational role as Head of Institutional Equities and Business Development and as a mentor. PwC was appointed as the new Internal Auditor for FY 2026-27. The company also amended its Pre-IPO ESOP Scheme 2024 (subject to shareholder approval).
The 30% decline in profit reflects challenging market conditions affecting investment banking revenues. Jateen Doshi's transition from WTD to an operational role minimises disruption. The dividend provides modest shareholder return. Overall, governance changes appear orderly with no red flags.