Outcome of Board Meeting held on Friday, May 22, 2026
DAMCAPITAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DAM Capital Advisors reported audited FY2026 consolidated results with revenue of Rs 237.11 crore, down from Rs 248.35 crore in FY2025. Net profit declined to Rs 72.69 crore from Rs 103.78 crore year-on-year. The Board approved a final dividend of Rs 1 per share (face value Rs 2), subject to shareholder approval at AGM. Mr. Dharmesh Anil Mehta was re-appointed as MD and 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 but will continue 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.
The stock broking segment reported a loss of Rs 5.15 crore while investment banking contributed Rs 87.60 crore profit, indicating heavy reliance on investment banking. The 30% decline in net profit may create near-term pressure on the stock. However, the dividend announcement and management continuity provide some support to investor sentiment.