Event Details

  • Event Date: The 33rd AGM was held on Tuesday, September 8, 2026, at 03:00 p.m. IST.
  • Event Mode: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI/MCA circulars.
  • Conclusion Time: The meeting concluded at 03:36 p.m. IST.

Attendees

Directors & Management Present:

1. Mr. M.V. Nair, Chairman

2. Ms. Nithya Easwaran, Independent Woman Director & Chairman of Nomination & Remuneration Committee

3. Mr. Balram Singh Yadav, Independent Director & Chairman of Risk Management Committee and Investor Grievances & Stakeholders Relationship Committee

4. Mr. Dharmesh Mehta, MD & CEO

5. Mr. Dhvanil Dharia, Whole Time Director

6. Mr. Hitesh Desai, Chief Financial Officer

7. Ms. Sonal Katariya, Company Secretary & Compliance Officer

8. Mr. Nitin Kapadia, Head of Governance & Strategy & Senior Managerial Personnel

Other Participants:

  • Mr. Devang Doshi, Representative of M/s. KKC & Associates LLP (Statutory Auditors)
  • Mr. Aashish K Bhatt, Representative of M/s. Aashish K. Bhatt & Associates (Secretarial Auditors and Scrutinizer)
  • Members: 69 members attended the meeting virtually.
  • The requisite quorum was present.

Proceedings Summary

Mr. M.V. Nair, Chairman, commenced the meeting. The Company Secretary, Ms. Sonal Katariya, confirmed that the Annual Report for FY26 had been dispatched electronically to shareholders. For members without registered email, a letter with a weblink was sent in compliance with SEBI Listing Regulation 36(1)(b).

Remote E-Voting Details:

  • Platform: NSDL
  • Commencement: Friday, September 4, 2026, at 09:00 a.m. IST
  • End: Monday, September 7, 2026, at 05:00 p.m. IST
  • An e-voting facility was also made available during the AGM for members who had not voted remotely.
  • The Scrutinizer (Mr. Aashish K. Bhatt) will submit a report, and the results will be declared to the stock exchanges within two working days and published on the company and NSDL websites.

Annual Report and Auditors' Reports:

  • The Notice of AGM and Annual Report were taken as read.
  • The Statutory Auditors' Reports and Secretarial Auditors' Report for FY26 were noted to contain no qualifications, reservations, adverse remarks, or disclaimers, except for an observation in the Secretarial Auditors' Report relating to the disclosure of Schedule V of the Companies Act, 2013 in the explanatory statement of the 32nd AGM.

Chairman's Address and Management Presentation:

The Chairman delivered a speech covering: resilient economy & changing market dynamics, capital market shift indicators, Institutional Strength & Strategic Positioning, CSR activities, and the position of DAM Capital.

Mr. Dharmesh Mehta, MD & CEO, then provided a business update via a detailed presentation covering:

  • Performance Snapshot – FY26
  • Robust IPO Pipeline for FY27
  • Completed transactions during FY26
  • Strong Execution Track Record across Sectors
  • Institutional Equities Segment Overview

Business Transacted

The following 10 resolutions, as set out in the Notice dated August 11, 2026, were transacted via remote e-voting and e-voting during the AGM:

Ordinary Business:

1. Receipt, consideration, and adoption of:

  • a. Audited Standalone Financial Statements for FY26 and Reports of the Board of Directors and Auditors thereon.
  • b. Audited Consolidated Financial Statements for FY26 and Report of Auditors thereon.
  • Resolution Type: Ordinary

2. Declaration of a Final Dividend of ₹1 per equity share (face value ₹2 each) for FY 2025-26.

  • Resolution Type: Ordinary

Special Business:

3. Re-appointment of Mr. Dharmesh Mehta (DIN: 00000000) as Managing Director and Chief Executive Officer (MD & CEO) and fixation of his remuneration.

  • Resolution Type: Special

4. Regularisation of Additional Director, Mr. Dhvanil Sanjiv Dharia (DIN: 10698428) as a Director of the Company.

  • Resolution Type: Ordinary

5. Appointment of Mr. Dhvanil Sanjiv Dharia (DIN: 10698428) as Whole Time Director and fixation of his remuneration.

  • Resolution Type: Special

6. Ratification and Amendment of the DAM Capital Employee Stock Option Scheme 2024 (ESOP 2024/Scheme).

  • Resolution Type: Special

7. Approval and Ratification of grant of Employee Stock Options to the employees of Subsidiary Company(ies) under 'DAM Capital Employee Stock Option Scheme 2024'.

  • Resolution Type: Special

8. Approval for secondary acquisition of shares through Trust route for the implementation of 'DAM Capital Employee Stock Option Scheme 2024'.

  • Resolution Type: Special

9. Approval for the provision to grant loan, provide guarantee, or security in connection with a loan by the Company for the purchase of its own shares by the trust under the 'DAM Capital Employee Stock Option Scheme 2024'.

  • Resolution Type: Special

Shareholder Interaction

Four members provided comments and/or sought clarifications regarding the operations and financial performance of the Company. These were responded to by the Managing Director and Chief Executive Officer.

The Chairman concluded the meeting after confirming the e-voting window would remain open on NSDL's platform for 15 minutes post-AGM conclusion for any remaining votes.