DCB Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 06, 2025
DCBBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DCB Bank has notified exchanges that its 30th AGM will be held on Wednesday, August 6, 2025 at 2:30 PM via video conferencing. The Annual Report for FY 2024-25 has been filed with BSE and NSE. Ordinary business includes adopting audited FY25 results, declaring a dividend of ₹1.35 per equity share (face value ₹10), and re-appointing Mr. Nasser Munjee as a director. The bank is also seeking shareholder approval to appoint Joint Statutory Auditors (B S R & Co LLP and Varma & Varma) for FY 2025-26 with overall audit fees of ₹2.30 crore. Special business includes approving the appointment of a Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), raising up to ₹500 crore via Basel III-compliant bonds/debentures on a private placement basis, and issuing equity shares/securities through a Qualified Institutions Placement (QIP) of up to ₹750 crore. Additionally, the bank is seeking to increase its overall borrowing limit to ₹12,000 crore and approve an honorarium of ₹24 lakh per annum for Non-Executive Chairman Mr. Farokh N. Subedar for FY 2025-26.
The dividend of ₹1.35 per share offers modest income to shareholders, with a record date of July 4, 2025. The proposed QIP of up to ₹750 crore and ₹500 crore bond issuance signal capital-raising plans that may support growth but could lead to equity dilution and higher leverage. Shareholders should review the borrowing limit hike to ₹12,000 crore, as it expands the board's financial flexibility considerably.