DCB Bank to Consider ₹1.35 Dividend and ₹750 Crore QIP at AGM on August 6

DCB Bank has announced that its 30th Annual General Meeting (AGM) will be held on Wednesday, August 06, 2025, via video conferencing. The meeting will include consideration of a dividend of ₹1.35 per equity share and a proposal to raise up to ₹750 crore through a Qualified Institutions Placement (QIP).

Dividend DetailsParticulars

Details

Dividend per share

₹1.35

Annual General Meeting DetailsThe 30th AGM of DCB Bank is scheduled for August 6, 2025, at 2:30 p.m. (IST) and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The notice of the AGM and the Annual Report for FY 2024-25 are available on the bank's website.Ordinary BusinessThe AGM will address several ordinary business matters, including:

• Adoption of the audited financial statements for the year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.
• Declaration of a dividend of ₹1.35 per equity share of ₹10 each for FY 2024-25.
• Appointment of a director in place of Mr. Nasser Munjee, who is retiring by rotation.
• Approval of additional remuneration of ₹19.07 lakh to the Joint Statutory Auditors for FY 2024-25.
• Approval of the appointment and audit fee for the Joint Statutory Auditors for FY 2025-26.

Special BusinessThe AGM will also cover the following special business items:

• Appointment of M/s. S. N. Ananthasubramanian & Co as the Secretarial Auditor for a period of five years, commencing April 1, 2025.
• Approval for raising funds up to ₹500 crore through the issuance of bonds/debentures/securities on a private placement basis.
• Approval for raising up to ₹750 crore through a Qualified Institutions Placement (QIP) of equity shares or other securities convertible into equity shares.

Fund RaisingThe bank plans to raise funds through two primary methods:

• Private Placement of Debt Securities: The Board is authorized to borrow/raise funds up to ₹500 crore through the issuance of debt securities, including Basel III Compliant Tier II Bonds and Non-Convertible Debentures, on a private placement basis.
• Qualified Institutions Placement (QIP): The Board is seeking approval to issue equity shares or other securities convertible into equity shares to Qualified Institutional Buyers for an aggregate amount not exceeding ₹750 crore.

QIP Details

The QIP issue will be subject to the provisions of the Memorandum and Articles of Association of the Bank, and the new equity shares will rank pari passu with the existing equity shares. The shares will be listed on the stock exchanges where DCB Bank's equity shares are currently listed.