DCB Bank Limited announced significant board changes following its meeting held on March 09, 2026, with the appointment of a seasoned banking professional to strengthen its leadership structure.

Board Appointment Details

The bank's Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Pushan Mahapatra as an Additional and Non-Executive Independent Director. The appointment carries specific terms and regulatory requirements:

Chairman Recommendation

In addition to the directorship appointment, the board recommended Mr. Mahapatra's candidature for the position of Non-Executive Part Time Chairman. This recommendation requires approval from the Reserve Bank of India, and the bank will make the necessary application to RBI for this approval.

Professional Background

Mr. Mahapatra brings extensive banking expertise to DCB Bank's leadership team. His professional credentials include:

• Total Experience: Over 40 years in banking sector
• SBI Group Tenure: 35 years in various senior leadership positions
• International Experience: Over 4 years at SBI's Hong Kong Branch as Vice President (Systems & Internal Audit)
• CEO Experience: Nearly 5 years as MD&CEO of SBI General Insurance Co. Ltd.
• Current Roles: Non-Executive Director with Zurich Kotak General Insurance Co. (India) Ltd since June 2024, and Independent Director on Angel One Trustee Limited

During his tenure at SBI General Insurance, Mr. Mahapatra successfully scaled the company's performance, establishing it as one of the leading private sector general insurance players in India. His expertise spans multiple banking domains including retail banking, corporate banking, technology, compliance, and audit functions.

Regulatory Compliance

The bank confirmed that Mr. Mahapatra meets all regulatory requirements for the appointment. He is not debarred from holding directorship by any SEBI order or other regulatory authority, and maintains no relationships with existing directors of the bank. The appointment follows all applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Next Steps

DCB Bank will seek shareholder approval for Mr. Mahapatra's directorship appointment within the prescribed timeframe as mandated by regulatory requirements. Simultaneously, the bank will proceed with the RBI application process for the chairman position recommendation.

DCB Bank participated in an investor conference organized by Kotak Securities Limited on February 26, 2026, engaging with multiple institutional investors and fund managers. The bank disclosed this participation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Details

The investor conference facilitated interactions between DCB Bank representatives and institutional participants. The bank emphasized that only information already available in the public domain was discussed and shared during these meetings.

Participating Institutions

The conference included engagement with 14 institutional investors and fund managers:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations. Company Secretary and Compliance Officer Rubi Chaturvedi signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for listed entities.

Investor Engagement

The participation demonstrates DCB Bank's commitment to maintaining regular communication with institutional investors and the investment community. Such conferences provide platforms for banks to share their strategic outlook and address investor queries within regulatory frameworks.