DCB Bank postal ballot for Chairman appointment and remuneration approval

Board & Shareholder Meetings View source PDF

DCBBANK · price

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-3.4%1-day move

₹187.25

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₹186.67

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AI summary

DCB Bank has issued a postal ballot seeking shareholder approval for Mr. Pushan Mahapatra's appointment as Non-Executive Part-Time Chairman, effective June 12, 2026 till March 09, 2029. RBI has already approved this on June 12, 2026. The resolution also seeks approval for his fixed remuneration of Rs. 24 lakh per annum plus sitting fees. Since his pay would exceed 50 percent of total non-executive director remuneration in FY 2026-27, a special resolution is needed. E-voting runs July 08 to August 06, 2026, results by August 10.

Likely market impact

Routine postal ballot for already RBI-approved Chairman appointment; Rs. 24 lakh annual pay plus sitting fees needs shareholder nod.