Dam Capital Advisors Board Approves Audited Results, Recommends Dividend, and Approves MD Re-appointment
DAM Capital Advisors approved audited standalone and consolidated financial results for the year ended March 31, 2026. A final dividend of ₹1 per share was recommended. Mr. Dharmesh Anil Mehta was re-appointed as MD & CEO for five years from June 10, 2026. Mr. Jateen Doshi completes his WTD tenure on June 9, 2026. PwC appointed as Internal Auditor.
The re-appointment of the MD for a long term and the dividend recommendation are significant positive developments. The financial results approval is routine but important for stakeholders.
The approval of financial results, recommendation of a dividend, re-appointment of the MD, and appointment of an internal auditor are all positive developments for the company.
DAM Capital Advisors Limited's Board of Directors convened on May 22, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board also recommended a final dividend of ₹1 per equity share of face value ₹2 each for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the Board ratified and approved amendments to the "DAM Capital Employee Stock Option Scheme 2024," subject to shareholder approval. In a significant move, the Board approved the re-appointment of Mr. Dharmesh Anil Mehta as Managing Director and Chief Executive Officer for a period of five years, effective June 10, 2026. Mr. Mehta, with over 30 years of experience, has been instrumental in DAM Capital's growth.
The Board also noted the completion of Mr. Jateen Doshi's tenure as Whole-Time Director on June 9, 2026. While he will cease to be a Director and Key Managerial Personnel, he will continue his employment with the Company as Head of Institutional Equities and Business Development and will also serve in a mentoring capacity.
Additionally, M/s. Price waterhouseCoopers Services LLP (PwC) has been appointed as the Internal Auditor for the Financial Year 2026-27. The board meeting commenced at 5:08 PM IST and concluded at 5:51 PM IST.
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Dam Capital Advisors Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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