Dam Capital Advisors has issued a corrigendum to its notice for the 33rd Annual General Meeting, correcting the cut-off date for determining member eligibility for electronic voting. The company clarified that the correct date is Tuesday, September 1, 2026, replacing the previously stated date of Friday, August 28, 2026.

Correction Details

The corrigendum addresses an inadvertent error in the AGM notice dated August 11, 2026, which forms part of the Annual Report for the financial year ended March 31, 2026. The original notice incorrectly listed the e-voting cut-off date on pages 238 and 239. The company confirmed that all other terms and contents of the AGM notice remain unchanged.

Regulatory Disclosure

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrected information is available on the company’s website and the National Securities Depositories Limited portal. The corrigendum forms an integral part of the already circulated AGM notice and must be read in conjunction with it.

Dam Capital Advisors Limited has scheduled its 33rd Annual General Meeting (AGM) for Tuesday, September 8, 2026, at 3:00 pm (IST). The meeting will be conducted through Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI regulations. Shareholders on record as of Friday, August 28, 2026, will be eligible to vote on resolutions including the adoption of financial statements, dividend declaration, and board appointments.

Financial Performance and Dividend

The Board of Directors recommended a final dividend of ₹1 per equity share of face value ₹2 each for FY26, representing a 50% payout on face value. This recommendation is subject to member approval at the AGM. The dividend will be paid electronically within 30 days of the meeting conclusion.

For FY26, the company reported standalone income from operations and other income of ₹236.94 crore, down from ₹249.99 crore in FY25. Standalone profit after tax fell to ₹72.51 crore from ₹103.64 crore in the previous year. Consolidated figures showed similar trends, with income at ₹237.14 crore and PAT at ₹72.69 crore for FY26.

Board Appointments and Remuneration

The AGM will consider the reappointment of Mr. Dharmesh Anil Mehta as Managing Director and Chief Executive Officer for a five-year term effective June 10, 2026. His proposed annual fixed compensation is capped at ₹8 crore, with variable pay potentially reaching three times this amount based on performance.

Additionally, shareholders will vote on the appointment of Mr. Dhvanil Sanjiv Dharia as Whole Time Director for five years starting August 11, 2026. His annual fixed compensation is set at ₹1.75 crore, with variable pay capped at twice his fixed pay. Mr. Dharia brings over 30 years of capital markets experience and has been associated with DAM Capital since its inception in 2019.

ESOP Scheme Ratification and Amendments

A significant portion of the agenda involves the ratification and amendment of the DAM Capital Employee Stock Option Scheme 2024. The scheme allows for the grant of up to 35,34,300 options to eligible employees. As of June 30, 2026, 3,67,145 options have been granted, with none exercised yet.

The amendments shift the administration of the ESOP to an irrevocable employee welfare trust, the 'DAM Capital ESOP Trust'. This structure enables the trust to acquire shares through primary issuance or secondary market purchases. The company may provide an interest-free loan to the trust for these acquisitions, capped at 5% of the aggregate paid-up capital and free reserves. The trust will not vote on shares held until they are transferred to option grantees upon exercise.

Voting and Participation Details

Remote e-voting will be available from Friday, September 4, 2026, at 9:00 am to Monday, September 7, 2026, at 5:00 pm via the NSDL platform. Members holding shares in demat mode can log in using their DP ID and Client ID, while physical shareholders should use their folio number. The facility is open to all members whose names appear in the register as of the cut-off date.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE284H01025/8170e59e-ee25-4960-a2d5-824cbeb4b976.pdf