DCB Bank's Chairman Farokh N. Subedar Retires, Concluding Independent Director Term

DCB Bank Limited, a prominent player in the Indian banking sector, has announced a significant change in its leadership. Mr. Farokh N. Subedar, who held the positions of Part Time Non-Executive Chairperson and Independent Director, has retired from the bank, effective October 14, 2025.

Retirement Details

Mr. Subedar's departure comes as he completes his term as an Independent Director. The bank officially communicated this change through a filing with the stock exchanges, in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Information

Aspect	Details
Name	Mr. Farokh N. Subedar
DIN	00028428
Positions Held	Part Time Non-Executive Chairperson and Independent Director
Effective Date of Retirement	October 14, 2025 (close of business hours)
Reason for Cessation	Completion of term as an Independent Director

Bank's Acknowledgment

DCB Bank has expressed its gratitude for Mr. Subedar's contributions during his tenure. In its official statement, the bank noted, "The Bank places on record its appreciation of the exemplary contribution made by Mr. Subedar during his tenure and wish him very best for all his future endeavours."

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the SEBI Listing Regulations, demonstrating DCB Bank's commitment to transparent communication with its stakeholders and regulatory compliance.

This leadership change marks a significant moment for DCB Bank, as it prepares for a transition in its top management structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.68%	+6.06%	+29.85%	+23.83%	+41.07%	+85.61%

DCB Bank Limited, a prominent player in India's banking sector, has successfully raised INR 82.99 crore through a strategic preferential share allotment to one of its promoters, the Aga Khan Fund for Economic Development S.A. This move marks a significant step in strengthening the bank's capital base and enhancing its financial position.

Key Details of the Share Allotment

The bank's Board of Directors approved the allotment of 60,58,394 equity shares. Here are the crucial aspects of this transaction:

Aspect	Details
Allottee	Aga Khan Fund for Economic Development S.A.
Number of Shares	60,58,394
Face Value	INR 10 per share
Issue Price	INR 137 per share
Premium	INR 127 per share
Total Funds Raised	INR 82,99,99,978

Impact on Share Capital

This preferential allotment has led to a notable increase in DCB Bank's paid-up equity share capital:

Metric	Before Allotment	After Allotment
Paid-up Equity Share Capital	INR 315.16 crore	INR 321.22 crore
Total Number of Equity Shares	31.52 crore	32.12 crore

Regulatory Compliance and Share Status

The preferential allotment was conducted in full compliance with the applicable provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The newly allotted shares will have equal ranking with the existing equity shares of DCB Bank and are set to be listed on both the BSE Limited and the National Stock Exchange of India Limited, pending necessary approvals.

This capital infusion is expected to strengthen DCB Bank's financial position, potentially enabling it to expand its operations and improve its market competitiveness. As the banking sector continues to evolve, such strategic moves could play a crucial role in shaping the bank's future growth trajectory.