Meeting Details

The approval process is conducted via postal ballot with remote e-voting only, without a physical meeting. The voting period commences on Wednesday, July 08, 2026, at 9:00 a.m. IST and concludes on Thursday, August 06, 2026, at 5:00 p.m. IST.

Proposed Resolutions and Implications

Item No. 1: Special Resolution - To take note of the appointment of Mr. Pushan Mahapatra (DIN: 07307428) as Non-Executive Part-Time Chairman and approve his remuneration.

Key implications include:

  • Formal recognition of Mr. Mahapatra's appointment effective from RBI approval date (June 12, 2026) until March 09, 2029
  • Approval of fixed remuneration of ₹24 lakh per annum, payable as determined by the Board
  • Authorization for sitting fees for Board and Committee meetings
  • Specific approval under Regulation 17(6)(a) and (ca) of SEBI Listing Regulations as the remuneration exceeds 50% of total annual remuneration payable to all Non-Executive Directors
  • The resolution received prior RBI approval vide letter dated June 12, 2026

Voting Process and Methods

The Bank has appointed Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting. The EVSN for this postal ballot is 260704003.

Voting methods include:

  • Individual shareholders holding demat shares can vote through CDSL/NSDL systems using their demat account credentials
  • Physical shareholders and non-individual shareholders must vote through CDSL's e-voting system at www.evotingindia.com
  • Institutional/corporate members must submit scanned copies of Board Resolutions authorizing their representatives

Key Voting Parameters

  • Cut-off Date: Saturday, July 04, 2026
  • Voting Rights: One vote per share based on paid-up value as of cut-off date
  • Result Declaration: On or before Monday, August 10, 2026
  • Deemed Passing Date: Thursday, August 06, 2026 (last voting date)

Scrutinizer Appointment and Role

The Board has appointed Ms. Manisha Maheshwari (Membership No. FCS 13272 and CP 11031), Partner of M/s. Bhandari & Associates, Company Secretaries, as Scrutinizer. Mr. Saurabh Somani (Membership No. ACS 69826 and CP 26495) will serve as alternate Scrutinizer if needed.

The Scrutinizer will:

  • Conduct the postal ballot e-voting process in a fair and transparent manner
  • Submit a report to the Managing Director & CEO or authorized person after vote scrutiny
  • Verify authorization documents from institutional voters

Compliance with Laws and Regulations

The process complies with:

  • Section 110 of Companies Act, 2013 read with Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
  • MCA Circulars including General Circular Nos. 14/2020, 17/2020, 11/2022, 09/2023, 09/2024, and 03/2025
  • Regulation 44 of SEBI Listing Regulations
  • Secretarial Standard on General Meetings (SS-2)
  • Banking Regulation Act, 1949 provisions
  • RBI approval dated June 12, 2026

Signatories and Contact Information

Rubi Chaturvedi, Company Secretary & Compliance Officer, signed the intimation letter dated July 07, 2026.

Company details:

  • Contact: +91 22 6975 9000, investorgrievance@dcb.bank.in

Additional Information

  • Mr. Pushan Mahapatra's profile: 65-year-old career banker with 40 years experience, including 35 years with SBI group
  • Previously served as MD & CEO of SBI General Insurance Co. Ltd. for nearly 5 years
  • Currently Non-Executive Director with Zurich Kotak General Insurance Co. (India) Ltd. and Independent Director with Angel One Trustee Limited
  • Holds no equity shares in DCB Bank as of notice date
  • The resolution is not interested by any other Directors or Key Managerial Personnel except Mr. Mahapatra and his relatives
  • All material documents are available for electronic inspection until the last voting date