DCB Bank Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
DCBBANK · price
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DCB Bank Limited held a postal ballot via remote e-voting (April 8 – May 7, 2026) to pass five resolutions. Four were passed with strong shareholder support: appointment of Ms. Neeta Sudhir Rege, Mr. Pushan Mahapatra (both Independent Directors), and Mr. Shaffiq Mansurali Dharamshi (Non-Independent Director), plus an amendment to the Articles of Association — all passed with over 99% votes in favour. One resolution — appointment of Mr. Suhail Amin Nathani as Independent Director — narrowly missed the 75% special resolution threshold (74.13% in favour), but was deemed passed under SEBI Regulation 25(2A) because public shareholder votes in favour exceeded votes against. The total valid votes cast represented 52.6% of total shares. Scrutinizer's report issued by Ms. Manisha Maheshwari of Bhandari & Associates.
Four director appointments and an AOA amendment were approved. One Independent Director appointment passed despite a significant minority opposition (~26%), particularly from public institutions (39% against), which may signal investor caution about that specific appointment.