DCB Bank Director Shaffiq Mansurali Dharamshi Steps Down Citing Professional Commitments
DCB Bank Limited disclosed the resignation of Shaffiq Mansurali Dharamshi (DIN: 06925633) as Non-Executive (Non Independent) Director effective May 08, 2026, under Regulation 30 of SEBI Listing Regulations. Dharamshi cited expanded professional commitments in his global role and resulting time and travel demands as the sole reasons, explicitly confirming no governance concerns or disagreements. The filing was submitted by Company Secretary Rubi Chaturvedi to both BSE Limited and the National Stock Exchange of India Limited.
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DCB Bank Limited has informed the stock exchanges of a change in its board composition, with Shaffiq Mansurali Dharamshi tendering his resignation as Non-Executive (Non Independent) Director effective May 08, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Change Details
The key details of the directorate change are summarised below:
| Parameter: | Details |
|---|---|
| Director Name: | Shaffiq Mansurali Dharamshi |
| DIN: | 06925633 |
| Position: | Non-Executive (Non Independent) Director |
| Effective Date of Resignation: | May 08, 2026 |
| Reason: | Expanded professional commitments and time/travel demands |
| Governance Concerns: | None |
Reason for Resignation
In his resignation letter addressed to the Managing Director and Chief Executive Officer of DCB Bank Limited, Dharamshi stated that the decision was made purely in consideration of his expanded professional commitments in his current global role. He noted that the resulting time and travel demands would limit his ability to devote the required time and attention to fulfil his responsibilities as a Director to the expected standard.
Dharamshi acknowledged that the decision was not easy, particularly as he had only recently recommenced a second term and had been looking forward to continuing to contribute to the Bank's performance. He explicitly confirmed that the resignation was not due to any governance concerns or disagreements of any nature.
Regulatory Disclosure
The disclosure was filed by Rubi Chaturvedi, Company Secretary and Compliance Officer of DCB Bank Limited, on May 08, 2026. The Bank confirmed that there are no reasons for the resignation other than those mentioned in Dharamshi's resignation letter dated May 08, 2026. The letter of resignation was enclosed with the regulatory filing submitted to both BSE Limited and the National Stock Exchange of India Limited.
Historical Stock Returns for DCB Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.96% | -3.17% | +3.72% | +4.13% | +33.82% | +99.27% |
Who is DCB Bank likely to appoint as a replacement Non-Executive Director, and what profile or expertise will the board prioritize to fill the vacancy?
How might the departure of Dharamshi mid-term impact DCB Bank's board composition requirements under SEBI regulations, particularly regarding promoter-linked directorship representation?
Could Dharamshi's resignation signal any strategic shifts in the promoter group's engagement with DCB Bank's long-term governance or ownership structure?
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