DCB Bank Limited has disclosed the results of a postal ballot conducted through remote e-voting to seek shareholder approval for a special resolution regarding the appointment and remuneration of Mr. Pushan Mahapatra as Non-Executive Part-Time Chairman.

The postal ballot notice was originally sent to shareholders on July 07, 2026 (Ref. No.CO:CS:RC:2026-27:075), with the voting process conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, sections 108 and 110 of the Companies Act, 2013, and related rules.

Voting Process Details

The remote e-voting period commenced on July 08, 2026, at 09:00 AM IST and concluded on August 06, 2026, at 5:00 PM IST. The e-voting platform was provided by Central Depository Services (India) Limited (CDSL). The scrutinizer for the process was Ms. Manisha Maheshwari (FCS No.: 13272; CP No.: 11031), Partner of M/s. Bhandari & Associates, Company Secretaries.

Voting Results

The special resolution for "Noting of appointment of Mr. Pushan Mahapatra (DIN: 07307428) as Non-Executive Part-Time Chairman of the Bank and approval of payment of remuneration" was passed with the following results:

Overall Results:

  • Total valid votes cast: 171,212,667 shares (53.16% of outstanding shares)
  • Votes in favor: 171,187,746 shares (99.99% of valid votes)
  • Votes against: 24,921 shares (0.01% of valid votes)
  • Invalid votes: 0

Breakdown by Shareholder Category:

Promoter & Promoter Group:

  • Total shares held: 52,258,628
  • Votes cast: 52,258,628 shares (100% of holdings)
  • Votes in favor: 52,258,628 shares (100%)
  • Votes against: 0 shares (0%)

Public Institutions:

  • Total shares held: 148,017,605
  • Votes cast: 112,625,032 shares (76.09% of holdings)
  • Votes in favor: 112,625,032 shares (100%)
  • Votes against: 0 shares (0%)

Public Non-Institutions:

  • Total shares held: 121,801,194
  • Votes cast: 6,329,007 shares (5.20% of holdings)
  • Votes in favor: 6,304,086 shares (99.61%)
  • Votes against: 24,921 shares (0.39%)

Resolution Status

The resolution was deemed passed on August 06, 2026, being the last date specified for remote e-voting. The voting results and scrutinizer's report are available on the bank's website at www.dcb.bank.in.