DCB Bank Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
DCBBANK · price
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DCB Bank has received RBI approval (dated March 16, 2026) to amend Article 140B of its Articles of Association. Under the earlier clause, a Wholetime Director was exempt from retirement by rotation. The proposed amendment allows a Wholetime Director to be made liable for retirement by rotation, subject to approval from the Bank's Board of Directors. The change was originally proposed via an earlier intimation dated October 17, 2025. The amendment keeps the existing rule that a Wholetime Director automatically ceases to be a Wholetime Director if they stop being a Director.
This is a routine corporate governance change with no direct effect on the bank's financials, operations, or shareholder value. It simply gives the Board more flexibility in how it manages Wholetime Directors and is unlikely to move the stock price.