Dam Capital Advisors Limited has informed the Exchange about change in Management
DAMCAPITAL · price
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DAM Capital Advisors held its Board meeting on May 22, 2026, approving audited Q4 and FY2026 results along with several management changes. For the year ended March 2026, total revenue stood at Rs 237.11 crores (vs Rs 248.35 crores YoY), with PBT declining 29% to Rs 97.61 crores and net profit down 30% to Rs 72.69 crores. EPS for FY2026 is Rs 10.28 compared to Rs 14.68 in the previous year. The Board recommended a final dividend of Rs 1 per share (face value Rs 2), subject to shareholder approval. Key management changes include the re-appointment of Mr. Dharmesh Anil Mehta as MD & CEO for 5 years from June 10, 2026, and Mr. Jateen Doshi completing his tenure as Whole Time Director on June 9, 2026 (he will remain as Head of Institutional Equities). PwC has been appointed as the new Internal Auditor for FY2026-27.
While the company maintains dividend payouts, the 29-30% decline in profitability for FY2026, particularly in the stock broking segment which turned to loss, may concern investors. The management continuity with MD re-appointment is positive. The departure of the WTD is routine and not a concern as he continues in operations.