DCB Bank Limited has announced the appointment of Mr. Shaffiq Mansurali Dharamshi as Additional and Non-Executive Director, effective February 18, 2026. The appointment was approved by the Board of Directors at their meeting held on February 17, 2026, following recommendation from the Nomination and Remuneration Committee.

Appointment Details

The key details of Mr. Dharamshi's appointment are outlined below:

The bank has confirmed that Mr. Dharamshi is not debarred from holding office of director by virtue of any SEBI order or any other authority, and he is not related to any existing Director of the Bank.

Professional Background

Mr. Dharamshi brings extensive banking expertise to DCB Bank's board. He holds an MSc. in Economics/Information Systems from the London School of Economics and has over twenty years of senior management experience in the Middle East and Africa. Currently, he serves as Head of Banking for Aga Khan Fund for Economic Development (AKFED), where he provides oversight on operations of financial institutions in the AKFED portfolio across Asia and Africa.

His current board positions include:

• Diamond Trust Bank (DTB) Kenya
• DTB Uganda
• Habib Bank Limited - Pakistan
• Kyrgyz Investment and Credit Bank - Kyrgyzstan
• Investment and Credit Bank - Tajikistan

Previous Experience

Mr. Dharamshi previously served as a Non-Executive Director of DCB Bank from January 13, 2015 till January 12, 2023. His career includes a role as Senior Vice President, Wholesale Credit Risk Management at Mashreq Bank in Dubai. Prior to Mashreq Bank, he spent seventeen years with Citibank in various positions across different areas of the bank in Africa and the Middle East.

Regulatory Compliance

The appointment has been made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. DCB Bank will seek approval of shareholders for this appointment within the prescribed time period, as per applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.

The announcement was communicated to BSE Limited and National Stock Exchange of India Limited on February 17, 2026, by Company Secretary and Compliance Officer Rubi Chaturvedi.

DCB Bank Limited has announced the allotment of equity shares to its employees under the Employee Stock Option Plan (ESOP), marking another step in its employee engagement initiatives. The bank issued and allotted 30,150 equity shares of Rs.10/- each on February 17, 2026, to eligible employees as per the terms of its ESOP scheme.

Share Capital Enhancement

The 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:

Regulatory Compliance

DCB Bank has informed both the BSE Limited and National Stock Exchange of India Limited about this development through an official communication dated February 17, 2026. The notification was made in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Rubi Chaturvedi, Company Secretary & Compliance Officer of DCB Bank Limited, ensuring proper adherence to regulatory requirements and transparency in corporate actions.

ESOP Implementation

The Employee Stock Option Plan represents the bank's commitment to aligning employee interests with shareholder value creation. The allotment of 30,150 equity shares demonstrates the bank's ongoing efforts to reward and retain talent through equity participation schemes.

This allotment increases the total number of outstanding equity shares, reflecting the bank's structured approach to employee compensation and long-term incentive programs.