DCB Bank Allots 88,310 Equity Shares Under Employee Stock Option Plan

DCB Bank Limited has completed the allotment of equity shares to its employees under the Employee Stock Option Plan (ESOP) on March 18, 2026. The bank issued 88,310 equity shares of Rs.10/- each to eligible employees as part of its employee incentive program.

Share Capital Enhancement

The ESOP allotment has resulted in an increase in the bank's issued and paid-up share capital. The following table shows the change in share capital structure:

Parameter:	Before Allotment	After Allotment	Change
Number of Equity Shares:	321,813,467	321,901,777	+88,310
Face Value per Share:	Rs.10/-	Rs.10/-	-
Share Capital Type:	Equity Shares	Equity Shares	-

Regulatory Compliance

The allotment was executed in accordance with the terms of the bank's Employee Stock Option Plan and complies with regulatory requirements. DCB Bank has fulfilled its disclosure obligations under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Details

The announcement was made through an official communication signed by Rubi Chaturvedi, Company Secretary & Compliance Officer of DCB Bank Limited. The bank's corporate and registered office is located at 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013.

The ESOP allotment reflects the bank's commitment to employee participation in the organization's growth and aligns with standard corporate governance practices in the banking sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.09%	-7.50%	-13.10%	+32.50%	+46.81%	+59.07%

DCB Bank Limited has secured regulatory approval from the Reserve Bank of India for amendments to its Articles of Association, specifically addressing the governance framework for whole-time directors. The approval, granted on March 16, 2026, follows the bank's earlier intimation to stock exchanges in October 2025.

Key Amendment Details

The amendment focuses on Article 140B, which governs the special position of whole-time directors within the bank's organizational structure. The revision introduces greater flexibility in the tenure management of these key executive positions.

Provision	Details
Article Number	140B - Special Position of Wholetime Director
Approval Date	March 16, 2026
Regulatory Authority	Reserve Bank of India
Reference Number	CO:CS:RC:2025-26:316

Comparative Analysis of Changes

The amendment brings a significant shift in how whole-time directors' tenure is managed within the bank's governance framework.

Aspect	Earlier Clause	Proposed Clause
Retirement by Rotation	Not subject to retirement by rotation while holding office	May be subject to retirement by rotation with Board approval
Cessation Provision	Immediate cessation upon ceasing to be Director	Remains unchanged - immediate cessation upon ceasing to be Director
Board Authority	No discretion mentioned	Board of Directors approval required for retirement by rotation

Regulatory Compliance

The bank had initially communicated its intention to amend the Articles of Association through reference number CO:CS:RC:2025-26:206 dated October 17, 2025. The RBI's approval demonstrates the bank's commitment to maintaining regulatory compliance while enhancing its corporate governance structure.

Governance Implications

The revised Article 140B provides the Board of Directors with enhanced authority to determine the tenure arrangements for whole-time directors. This change allows for more flexible succession planning while maintaining the provision that whole-time directors automatically cease their executive roles upon losing their directorship status.

The amendment reflects evolving corporate governance practices in the banking sector, where boards seek greater flexibility in managing executive tenure while ensuring continuity in leadership roles. The requirement for board approval ensures that any decisions regarding retirement by rotation are made through proper governance channels.