DCB Bank has informed exchanges that its board will meet on April 24, 2026, to consider a range of key proposals, including raising capital through multiple routes such as a qualified institutional placement (QIP).
According to the company’s filing, the board will deliberate on raising funds via issuance of equity shares or other securities convertible into equity through a QIP, alongside other capital-raising options. The bank is also exploring the issuance of debt securities, including unsecured redeemable non-convertible subordinated Basel III-compliant Tier II bonds on a private placement basis.
Apart from the fundraising plans, the board will also consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. Additionally, it will evaluate the recommendation of a dividend, if any, for FY26.
The proposed capital raise comes as banks continue to strengthen their balance sheets and capital adequacy amid growth requirements and regulatory norms.
The bank stated that the meeting is being held in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.