Dar Credit & Capital has declared a dividend of INR 0.50 per equity share for the financial year ended March 31, 2026. The dividend will be paid to shareholders whose names appear on the register of members on the record date of Tuesday, June 23, 2026. This announcement was made following the outcome of the 32nd Annual General Meeting (AGM) held on Friday, July 17, 2026, via Video Conferencing.

The members approved the re-appointment of Mr. Umesh Khemka as a Non-Executive Director, liable to retire by rotation, effective July 17, 2026. Additionally, the AGM appointed Mr. Gautam Bhattacharya as an Independent Director for a term of five consecutive years, effective from August 1, 2026, to July 31, 2031. Mr. Bhattacharya brings over 35 years of experience from the State Bank of India (SBI).

Board Approvals

Shareholders approved the continuation of Mr. Ramesh Kumar Vijay as Whole-time Director above the age of 70 years, pursuant to Section 196 of the Companies Act, 2013. This approval was granted through a Special Resolution. Furthermore, Mr. Rajkumar Vijay was approved to continue as Whole-time Director without being liable to retire by rotation during his tenure. Both directors are brothers.

The Board received authorization to create, offer, issue, and allot secured or unsecured Non-Convertible Debentures (NCDs) through private placement or public issue. This authorization is valid for one year from the date of the AGM and includes the exercise of green shoe options. The issuance is open to Qualified Institutional Buyers (QIBs) and other eligible investors.

Key Resolutions

The AGM also approved the alteration of the Articles of Association (AOA) by inserting a clause under Article 20.3. This new provision permits the consolidation and re-issuance of debt securities, including NCDs, in compliance with the Companies Act, 2013, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The Board and the Company Secretary are authorized to implement these changes.

Dar Credit & Capital has fixed Tuesday, June 23, 2026, as the record date to determine member eligibility for a final dividend of ₹0.5 per equity share for the financial year 2025-26. The dividend is payable on equity shares having a face value of ₹10 each, fully paid up, and is subject to shareholder approval at the 32nd Annual General Meeting (AGM). The company will hold the AGM on Friday, July 17, 2026, at 3:00 P.M IST via Video Conferencing or Other Audio Visual Means.

The Board of Directors approved the draft Board's Report and the final dividend at its meeting held on June 17, 2026. The book closure period for the purpose of the dividend and the AGM will be from July 10, 2026, to July 17, 2026, both days inclusive. The Board approved the appointment of Mr. Gautam Bhattacharya as an Independent Director effective August 01, 2026, subject to shareholder approval. Additionally, the Board granted approval for the continuation of Mr. Ramesh Kumar Vijay and Mr. Rajkumar Vijay as Whole-time Directors, subject to shareholder approval at the ensuing AGM.

The Board granted blanket approval for the issuance of Non-Convertible Debentures (NCDs) from time to time, ensuring the borrowing limit does not exceed ₹350 crore as previously approved by shareholders. The Finance Management Committee (FMC) has been delegated powers to exercise authority relating to the issuance and allotment of these NCDs. The Board also approved an alteration to the Articles of Association by inserting an enabling paragraph in Article no. 20.3 to facilitate the consolidation and re-issuance of debt securities.

National Securities Depository Limited (NSDL) was appointed as the Remote E-Voting Agency, and TP & Associates was appointed as the Scrutinizer for the AGM. The intimation was submitted to the National Stock Exchange of India Limited pursuant to Regulations 30 and 51 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The filing was signed by Ms. Priya Kumari, Company Secretary & Compliance Officer of Dar Credit & Capital Limited.