| Purpose | Board Meetings Date | Announcement Date |
|---|---|---|
| Board Meeting | 12 Jun 2024 | 12 Jun 2024 |
| Appointment of Mr. Krishnan Sridhar Seshadri (DIN:10508808) as the Additional Director and the Whole Time Director (Executive Director) of DCB Bank Limited (the Bank) with effect from June 13, 2024 Appointment of Mr. Mahesh Raman Kutty as Chief Risk Officer of DCB Bank Limited (the Bank) | ||
| Board Meeting | 15 May 2024 | 15 May 2024 |
| This is to inform you that the Board of Directors of the Bank in its meeting held today i.e. May 15, 2024 has approved the re-appointment of Mr. Manoj Joshi as the Chief Compliance Officer (CCO) of the Bank for a period of three (3) years effective from June 9, 2024 to June 8, 2027. A brief profile of Mr. Manoj Joshi is attached herewith as Annexure 1. | ||
| Board Meeting | 24 Apr 2024 | 16 Apr 2024 |
| DCB Bank Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/04/2024 inter alia to consider and approve 1. Audited Financial Results of the Bank for the Quarter and Financial Year ended March 31 2024. 2. Proposal for recommendation of dividend if any for the Financial Year ended March 31 2024. 3. To consider raising of funds/capital by: i) Issuance of debt securities including unsecured redeemable non-convertible Basel III compliant Tier II Bonds by way of private placement. ii) Issuance of equity shares / other securities convertible into equity shares through Qualified Institutions Placement Please take note of the above in compliance with Regulation 29 and other applicable Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Outcome of the Board Meeting held on April 24, 2024 (i) Audited Financial Results of DCB Bank Limited (the Bank) for the quarter and year ended March 31, 2024 (ii) Recommendation of Dividend and (iii) Raising of Funds Pursuant to the Regulation 30, 33, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Audited Financial Results of the Bank for the quarter and year ended March 31, 2024 duly approved by the Board of Directors of the Bank at its meeting held today i.e. on April 24, 2024, along with the Audit Report of the Joint Statutory Auditors of the Bank viz. M/s. B S R & Co LLP, Chartered Accountants and M/s. Sundaram & Srinivasan, Chartered Accountants. The Joint Statutory Auditors of the Bank, have issued the Audit Report on the Financial Results of the Bank for the quarter and year ended March 31, 2024 with unmodified opinion (As per BSE Announcement Dated on 24/04/2024) | ||
| Board Meeting | 21 Mar 2024 | 21 Mar 2024 |
| We wish to inform you that the Board of Directors of DCB Bank Limited (the Bank) at its meeting held today, i.e. on March 21, 2024 has approved the re-appointment of M/s. S. N. Ananthasubramanian & Co., Practicing Company Secretaries as the Secretarial Auditor of the Bank for the financial year 2024-25. | ||
| Board Meeting | 21 Feb 2024 | 21 Feb 2024 |
| This is to inform you that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Bank in its meeting held today, has recommended the candidate for the position of the Whole Time Director (to be designated as Executive Director) of the Bank. Accordingly, as per the extant norms, the Bank will soon be submitting its application to Reserve Bank of India in this regard. | ||
| Board Meeting | 24 Jan 2024 | 17 Jan 2024 |
| DCB Bank Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/01/2024 inter alia to consider and approve the Unaudited Financial Results of the Bank for the third quarter and nine months ended December 31 2023 Pursuant to the Regulation 30, 33, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Unaudited Financial Results (Limited Reviewed) of the Bank for the third quarter and nine months ended December 31, 2023 duly approved by the Board of Directors of the Bank at its meeting held today i.e. on January 24, 2024, along with the Limited Review Report dated January 24, 2024 of the Joint Statutory Auditors of the Bank viz. B S R & Co. LLP, Chartered Accountants and M/s. Sundaram & Srinivasan, Chartered Accountants. (As Per BSE Announcement dated on 24.01.2024) | ||
| Board Meeting | 8 Dec 2023 | 4 Dec 2023 |
| DCB Bank Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/12/2023 inter alia to consider and approve Aga Khan Fund for Economic Development (the Promoter) (the Major Shareholder) has expressed its interest to invest up to USD 10 million (equivalent INR at prevailing exchange rate) by subscribing to additional equity shares of the Bank in compliance with applicable laws/regulations. The purpose is to further strengthen the Banks capital position and support its growth plans. The Bank has a capital efficient business model and as on September 30 2023 the CRAR without including the corresponding half year Net Profit was at 16.55 % (Tier I at 14.28% and Tier II at 2.27%). Pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations we wish to inform you that a meeting of the Board of Directors of DCB Bank Limited is scheduled to be held on December 8 2023 to consider and evaluate the above proposal. In the event the Board approves the above a proposal shall also be placed before the Board for obtaining shareholders approval subject to applicable laws and regulations. To Issue, Offer and Allot Equity Shares on Preferential basis and Issue of Notice by Postal Ballot (As Per BSE Announcement Dated on 08/12/2023) 1. To Issue, Offer and Allot Equity Shares on Preferential basis Subject to approval of the shareholders of the Bank and such other regulatory and / or statutory approvals, as may be applicable, the Board has approved to issue, offer and allot up to 60,58,394 (Sixty Lakhs Fifty Eight Thousand Three Hundred Ninety Four Only) equity shares of face value of INR 10/- each (Subscription Shares), on a preferential basis, to Aga Khan Fund for Economic Development S.A. (AKFED), one of the promoters of the Bank (Proposed Allottee), for cash, at an issue price of INR 137/- per Subscription Share (face value of INR 10/- and premium of INR 127/- per Subscription Share), for a total consideration of up to INR 83,00,00,000 (Indian Rupees Eighty Three Crores Only) (Preferential Issue), in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws. 2. Issue of notice by Postal Ballot The Board has approved conducting a Postal Ballot to seek approval of the shareholders of the Bank for the aforesaid Preferential Issue. The Board has also approved the draft Postal Ballot notice to be issued to the shareholders of the Bank seeking their approval for Preferential Issue. (As Per BSE Bulletin Dated on 08/12/2023) | ||
| Board Meeting | 31 Oct 2023 | 23 Oct 2023 |
| DCB Bank Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2023 inter alia to consider and approve This is to inform you that a meeting of the Board of Directors of DCB Bank Limited (the Bank) will be held on Tuesday October 31 2023 inter alia to consider and approve the Unaudited Financial Results of the Bank for the second quarter and half year ended September 30 2023. Please take note of the above in compliance with Regulation 29 and other applicable provision of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Pursuant to the Regulation 30, 33, 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Unaudited Financial Results (Limited Reviewed) of the Bank for the second quarter and half year ended September 30, 2023 duly approved by the Board of Directors of the Bank at its meeting held today i.e. on October 31, 2023, along with the Limited Review Report dated October 31, 2023 of the Joint Statutory Auditors of the Bank viz. B S R & Co. LLP, Chartered Accountants and M/s. Sundaram & Srinivasan, Chartered Accountants. The Board meeting of the Bank commenced at 12.00 noon and concluded at 4.35 p.m. (As Per BSE Announcement Dated on 31/10/2023) | ||
| Board Meeting | 20 Oct 2023 | 20 Oct 2023 |
| This is further to our letter Ref. No.CO:CS:RC:2023-24:079 dated June 2, 2023. The Board of Directors of DCB Bank Limited (the Bank) in its meeting held today, has recommended the names of candidates, in the order of preference, for the position of the Managing Director & Chief Executive Officer (MD & CEO) of the Bank to succeed Mr. Murali Natrajan, the current MD & CEO of the Bank upon expiry of his term on April 28, 2024. Accordingly, as per the extant norms, the Bank will soon be submitting its application to the Reserve Bank of India in this regard. | ||
| Board Meeting | 11 Aug 2023 | 11 Aug 2023 |
| Pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations, we wish to inform you that, DCB Bank Limited (the Bank) has today i.e. August 11, 2023, approved the Equity investment in Saksham Gram Credit Private Limited (Saksham) of Rs.3.99 crore which will be 9.90% of the Sakshams shareholding. The details as required under the SEBI Listing Regulations are provided in Annexure 1. | ||
| Board Meeting | 28 Jul 2023 | 20 Jul 2023 |
| DCB Bank Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2023 inter alia to consider and approve the Unaudited Financial Results of the Bank for the quarter ended June 30 2023. Unaudited Financial Results of DCB Bank Limited for the quarter ended June 30, 2023 Update (As per BSE Announcement Dated on 28/07/2023) | ||
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