Dhanlaxmi Bank Ltd

Meeting Details

• Issuer: Dhanlaxmi Bank Ltd; Scrip 532180; filing type: Board Meeting.

Dhanlaxmi Bank Ltd: Closure of Trading Window

AGM Details

• Date, time, mode: 23 Sep 2026, 11:00 AM IST, via Video Conferencing.

Ordinary Business

• Adopt Audited Balance Sheet and P&L for year ended March 31, 2026.
• Re-appoint Dr. Jineesh Nath C.K. as Director on rotation.
• Appoint Joint Statutory Central Auditors.

Special Business

• Authorize Board to appoint and fix remuneration of branch auditors.
• Appoint Rajan TX as Independent Director.
• Appoint T.V. Rao as Independent Director.
• Approve Employee Stock Option Plan 2025.

Auditors Appointment

• Shareholders approved appointment of Abraham & Jose and G Natesan & Co as Joint Statutory Central Auditors.
• RBI approved the appointment prior to AGM, letter dated July 23, 2026.
• Appointment valid from conclusion of 99th AGM to conclusion of next AGM.

Jineesh Nath C.K: Re-appointment

• Re-appointed as Non-Executive Non-Independent Director liable to rotate at AGM; major shareholder (7.49%).

Rajan TX: Independent Director

• Appointed Independent Director for five-year term from 29 Jul 2026; former RBI Chief General Manager, cyber/IT risk.

T.V Rao: Independent Director

• Appointed Independent Director for a three-year term from 01 Sep 2026; 35 years banking/NBFC experience; RBI background.

Overview

• No AGM details disclosed in this chunk.

AGM Details

• Date and mode: 23 September 2026, via VC/OAVM.
• Time: 11:00 AM; cut-off for voting: 17 September 2026.
• Shareholders on record: 163,036; attendees via VC: 76.

Key Resolutions

• Resolution 1: Adoption of audited balance sheet and P&L.
• Resolution 2: Re-appointment of Dr. Jineesh Nath C.K as Director.
• Resolution 3: Appointment of Joint Statutory Central Auditors.
• Resolution 4: Board to appoint/ fix remuneration of branch auditors.
• Resolution 5: Appointment of Rajan T.K as Independent Director.
• Resolution 6: Appointment of T.V Rao as Independent Director.
• Resolution 7: Approval of Employee Stock Option Plan 2025.

Voting Results

• All resolutions passed by near-unanimous majority.
• Resolutions 1-4 and 7 showed ~99.99% in favour.
• Independent director resolutions 5 and 6 also passed with overwhelming support.

Dividend Status

• No dividend declared.

Director Changes

• Re-appointment of Dr. Jineesh Nath C.K as Director.
• Appointment of Rajan T.K as Independent Director.
• Appointment of T.V Rao as Independent Director.

Auditors

• Joint Statutory Central Auditors appointed; branch auditors remuneration to be fixed by Board.

Related Party Transactions

• No material related party transactions disclosed.

Other Approvals

• Employee Stock Option Plan 2025 approved.

AGM notice dispatch

• Electronic dispatch of the 99th AGM notice and FY25-26 annual report completed on Aug 31, 2026.
• Notice and Annual Report hosted on the bank website under Investor Relations > 99th AGM.
• Copies of advertisements published in English and Malayalam newspapers on dispatch completion are enclosed.
• Electronic dispatch completed per previous communication SH: 47/2026-27 dated Aug 31, 2026.

Book closure and AGM details

• Book closure: Sep 18, 2026 to Sep 23, 2026 (inclusive).
• Purpose: 99th Annual General Meeting.
• Cut-off date: Sep 17, 2026 (determines voting eligibility).
• AGM date: Sep 23, 2026.
• Security: Equity shares (Scrip 532180).
• E-voting: Sep 20, 2026 9:00 AM to Sep 22, 2026 5:00 PM.

Financial snapshot

• Total Business rose to 33,771.57 Cr, up 19.7% YoY.
• Deposits rose 16.42% to 18,642.88 Cr; CASA 28.86%.
• Gross Advances stood at 15,128.69 Cr; CD ratio 81.15%.
• Total Income up 20.47% to 1,793.87 Cr.
• Net Profit: 102.75 Cr; EPS 2.60.
• NII rose 28.77% YoY to 622.33 Cr.
• CRAR 18.92%; CET1 16.11%, Tier 2 2.81%.
• NPA: Gross 1.89%, Net 0.51%; PCR 92.46%.
• ROA 0.53%; ROE 8.13%.

Operations & digital

• Digital transactions accounted for 90% of total volume.
• LOS implemented to streamline credit lifecycle.
• End-to-end online RekYC via Retail Internet Banking.
• TAB-based app enables digital account opening and RekYC.
• UPI integrated with GSTN PAYTAX for payments.
• Real-time fraud monitoring via AI/ML in EFRM.

Capital & liquidity

• Basel III: CET1 16.11%, Tier 2 2.81%, CRAR 18.92%.
• Tier II bonds Rs 150 Cr issued April 2025.
• Rights issue completed Feb 2025; paid-up capital up Rs 141.69 Cr.
• Share premium Rs 1,156.05 Cr; total capital Rs 1,573.23 Cr.

Asset quality & risk

• Gross NPAs 286.38 Cr; NPA 1.89%; Net NPAs 75.40 Cr.
• NPA improve; PCR 92.46% (incl. technical write-off).
• SMA ratio declined to 0.57% of gross advances.
• Provision for NPAs 208.34 Cr; floating provisions 0.67 Cr.
• Repair in asset quality supported by recovery and monitoring.

Governance & controls

• Board size 10 as at 31.03.2026; 5 independent.
• RBI added Rajan T.K and T.V Rao as Addl Directors in 2026.
• 14 Board meetings; multiple Board committees in place.
• Secretarial audit by M. Vasudevan; no qualification.

Strategy & outlook

• Strategic themes: capital optimization, governance, ESG, and digital growth.
• Focus on Retail & MSME; deepening CASA penetration.
• Expanding South India footprint; forex business upgrade.
• Continued emphasis on risk governance and cyber resilience.