Key Decisions and Approvals

1. Financial Results Approval: The Board considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.

2. Director Appointment: Based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the Exchanges, Clearing Corporations, and Shareholders, the Board approved the appointment of Mr. Kishor Purshottam Thakkar (DIN: 00025021) as an Independent Director. His term is for 5 consecutive years, effective from December 14, 2026, till December 13, 2031 (both days inclusive). It was confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any such authority. requisite details are provided in Annexure A.

3. Director Cessation: Mr. Rajendra Chitale, Independent Director (DIN: 00015986), will complete his second term as an Independent Director on December 14, 2026, and will consequently cease to be a Director of the Company with effect from the close of business hours on December 14, 2026. The Board placed on record its appreciation for his contributions. requisite details are provided in Annexure B.

Meeting Details

The meeting commenced at 04:00 PM (IST) and concluded at 05:34 PM (IST) on November 03, 2026.

Financial Results Highlights (Consolidated)

For the quarter ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹54.24 Crore
  • Interest Income: ₹4.52 Crore
  • Fees and Commission Income: ₹49.72 Crore
  • Other Income: ₹0.01 Crore
  • Total Income: ₹54.25 Crore
  • Total Expenses: ₹35.83 Crore
  • Finance Costs: ₹2.23 Crore
  • Fees and Commission Expenses: ₹2.21 Crore
  • Employee Benefits Expense: ₹23.51 Crore
  • Depreciation and Amortisation: ₹3.81 Crore
  • Other Expenses: ₹4.07 Crore
  • Profit Before Tax: ₹18.42 Crore
  • Tax Expense: ₹4.88 Crore
  • Current Tax: ₹5.02 Crore
  • Deferred Tax: (₹0.14) Crore
  • Profit for the Period: ₹13.54 Crore
  • Other Comprehensive Income (Loss): (₹0.22) Crore
  • Total Comprehensive Income for the Period: ₹13.32 Crore
  • Paid-up Equity Share Capital: ₹14.14 Crore (Face Value ₹2/- each)
  • Earnings Per Share (Basic & Diluted): ₹1.92

For the half year ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹84.10 Crore
  • Profit Before Tax: ₹18.71 Crore
  • Profit for the Period: ₹13.69 Crore
  • Total Comprehensive Income for the Period: ₹13.48 Crore
  • Earnings Per Share (Basic & Diluted): ₹1.94

Comparative Figures (Quarter ended September 30, 2025):

  • Revenue from Operations: ₹107.05 Crore
  • Profit Before Tax: ₹70.00 Crore
  • Profit for the Period: ₹52.15 Crore
  • Earnings Per Share (Basic & Diluted): ₹7.38

Balance Sheet Highlights (Consolidated as of September 30, 2026)

  • Total Assets: ₹486.00 Crore (vs. ₹453.15 Crore on March 31, 2026)
  • Financial Assets: ₹372.74 Crore
  • Non-Financial Assets: ₹113.26 Crore
  • Total Liabilities and Equity: ₹486.00 Crore
  • Liabilities: ₹146.99 Crore
  • Equity: ₹339.01 Crore (Share Capital: ₹14.14 Crore; Other Equity: ₹324.87 Crore)

Cash Flow Highlights (Consolidated for H1 FY27)

  • Net Cash Used in Operating Activities: (₹50.67) Crore
  • Net Cash Generated from Investing Activities: ₹49.64 Crore
  • Net Cash Used in Financing Activities: (₹13.79) Crore
  • Net Decrease in Cash and Cash Equivalents: (₹14.82) Crore
  • Cash and Cash Equivalents at End of Period: ₹6.80 Crore

Segment Reporting (Consolidated)

The Group has two reportable business segments: Stock Broking and Investment Banking.

For the quarter ended September 30, 2026:

  • Stock Broking Revenue: ₹15.55 Crore; Segment Result: (₹3.54) Crore
  • Investment Banking Revenue: ₹34.29 Crore; Segment Result: ₹17.65 Crore
  • Unallocated Revenue: ₹4.40 Crore; Segment Result: ₹4.31 Crore

Standalone Financial Results

For the quarter ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹54.18 Crore
  • Profit Before Tax: ₹18.34 Crore
  • Profit for the Period: ₹13.46 Crore
  • Total Comprehensive Income for the Period: ₹13.14 Crore
  • Earnings Per Share (Basic & Diluted): ₹1.90

Auditor's Review Report

The unaudited consolidated and standalone financial results were reviewed by the statutory auditors, KKC & Associates LLP. Their review report, issued under SRE 2410, states that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement contains any material misstatement.

Other Key Information

  • The financial results include the unaudited financial information of subsidiaries DAM Asset Management Limited and DAM Capital (USA) Inc.
  • A wholly-owned subsidiary, IDFC Securities Singapore Pte. Ltd, was dissolved and liquidated effective November 16, 2021.
  • The Board had previously approved granting 530,145 stock options at an exercise price of ₹255 per option on October 31, 2024.
  • Mr. Dhvanil Sanjiv Dharia (DIN: 10698428) was appointed as an Additional and Whole-Time Director for a five-year term, effective August 11, 2026, subject to approvals.
  • The financial results are available on the company's website (www.damcapital.in) and stock exchange websites.