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

Dam Capital Advisors reported a consolidated net profit of ₹0.15 crore for the quarter ended June 30, 2026, marking a 34.78% decline from ₹0.23 crore in the corresponding period last year. The profitability contraction was driven by operating losses in its core stock broking and investment banking segments, which were largely offset by unallocated income. Concurrently, the Board appointed Dhvanil Sanjiv Dharia as Additional Director and Whole Time Director for five years, effective August 11, 2026.

The unaudited standalone and consolidated financial results were reviewed by statutory auditors KKC & Associates LLP under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board convened on August 11, 2026, to approve the results and update key managerial personnel details. Independent Director Natarajan Srinivasan will cease to hold office upon completing his tenure on August 18, 2026.

Financial Performance

Consolidated revenue from operations stood at ₹29.86 crore, comprising ₹25.61 crore in fees and commission income and ₹4.25 crore in interest income. Total expenses were ₹29.68 crore, led by employee benefits expense of ₹18.16 crore. Profit before tax was ₹0.29 crore. After a tax expense of ₹0.14 crore, net profit for the period was ₹0.15 crore. Earnings per share (basic) were ₹0.02.

Standalone revenue from operations was ₹29.81 crore, with a net profit after tax of ₹0.11 crore, down from ₹0.16 crore in Q1FY26. Standalone profit before tax was ₹0.23 crore.

Leadership Changes

The Nomination and Remuneration Committee recommended the appointment of Dhvanil Sanjiv Dharia as Additional Director and Whole Time Director. His tenure is set for five years, from August 11, 2026, to August 10, 2031. Dharia, 35, holds a B.Tech. from Institute of Chemical Technology and an MBA from London Business School. He is a CFA charter holder and has been with Dam Capital since its inception in 2019, leading investment banking coverage across ECM, private equity, and advisory services. He is not related to any existing director or Key Managerial Personnel.

Natarajan Srinivasan, Independent Director, will complete his tenure on August 18, 2026, and cease to be a director at close of business hours on that date. The Board noted his contributions during his tenure. Additionally, Jateen Madhukar Doshi completed his tenure as Whole Time Director on June 9, 2026, and ceased to be a director and KMP.

What the Numbers Show

The slight decline in consolidated revenue despite stable fee income suggests pressure from other operational areas or mix shifts within the stock broking and investment banking segments. Stock broking revenue fell to ₹16.26 crore from ₹18.04 crore YoY, while investment banking revenue rose to ₹9.46 crore from ₹9.12 crore. However, both segments reported negative segment results: stock broking at -₹0.06 crore and investment banking at -₹3.70 crore. The overall profitability is heavily supported by unallocated income of ₹4.05 crore, which more than offsets the operating losses in core business segments, indicating a reliance on non-segmented income streams for current quarter profitability.