DCB Bank Limited has informed the Exchange regarding Notice of Postal Ballot
DCBBANK · price
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DCB Bank Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for 5 resolutions. The bank is proposing appointment of 3 Independent Directors (Ms. Neeta Sudhir Rege, Mr. Suhail Amin Nathani, and Mr. Pushan Mahapatra) for 3-year terms, along with Mr. Shaffiq Mansurali Dharamshi as a Non-Independent Director. Additionally, the bank seeks approval to amend Article 140B of its Articles of Association to allow Whole-time Directors to be subject to retirement by rotation with Board approval. Voting period runs from April 8, 2026 to May 7, 2026, with results to be declared by May 11, 2026. The appointments follow Nomination and Remuneration Committee recommendations and RBI approvals.
The appointment of multiple Independent Directors with diverse expertise in banking, risk management, law, and M&A will strengthen board governance. The Articles amendment provides flexibility in retirement policies for Whole-time Directors. Shareholders should review the nominees' profiles and cast their votes before the May 7 deadline.