The Reserve Bank of India (RBI) has accorded its approval for the re-appointment of Mr. Krishna Prasad Nair (DIN: 02611496), Independent Director, as Non-Executive Part-time Chairman of Suryoday Small Finance Bank Limited for a period of three years. The approval, communicated via RBI Letter No. DoR.GOV.No.S1240/29.44.006/2025-26 dated May 12, 2026, was taken on record by the Bank's Board of Directors on May 12, 2026. The re-appointment is in accordance with the provisions of the Banking Regulation Act, 1949, and the rules, guidelines, and circulars issued by the RBI.

Key Details of the Re-Appointment

The following table summarises the key parameters of Mr. Krishna Prasad Nair's re-appointment as Non-Executive Part-time Chairman:

Background and Profile of Mr. Krishna Prasad Nair

Mr. Krishna Prasad Nair was first appointed as an Independent Director on the Board of Suryoday Small Finance Bank with effect from July 22, 2021, for a period of five years, holding office up to July 21, 2026. He was subsequently appointed as Non-Executive Part-time Chairman of the Bank with effect from November 01, 2023, to July 21, 2026, pursuant to RBI approval vide Letter No. DoR.GOV.No.S4404/29.44.006/2023-24 dated November 01, 2023. His re-appointment as a Non-Executive Independent Director for a further period of three years, post completion of his first term on July 21, 2026, was approved by the Shareholders of the Bank on February 28, 2026.

Mr. Nair holds a Bachelor's Degree in Commerce from Madras University and an MBA from Cochin University of Science & Technology. His professional profile reflects extensive experience across key banking functions:

• Associated with Indian Overseas Bank as a probationary officer for a period of six years
• Served at IDBI Bank, both as a financial institution and as a universal bank, for a period of 32 years in Project Finance and various other departments
• Promoted as Executive Director in April 2014
• Appointed as Deputy Managing Director in September 2016, overseeing Retail Banking, Human Resources, Information Technology, and Administration & Facilities Management
• From December 2017 until his retirement in May 2019, was in charge of Corporate Banking and NPA Management, serving as Chair and Member of Credit and ALCO Committees and other Board Committees
• Has attended training programmes at IIM-Ahmedabad, Centre for Advanced Financial Research & Learning (CAFRAL), RBI (at Mumbai and Sydney), and Kellogg School of Business, Northwestern University, Chicago

Regulatory Disclosures

The Bank has confirmed that Mr. Krishna Prasad Nair is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, in accordance with circular nos. LIST/COMP/14/2018-19 and NSE/CML/2018/02, both dated June 20, 2018, issued by BSE Limited and National Stock Exchange of India Limited, respectively. Mr. Nair is not related to any other Director of the Bank and does not hold any shares in the Bank as on date. He is not a Director in any other company.

The disclosure has been made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation has been signed by Krishna Kant Chaturvedi, Company Secretary & Compliance Officer of Suryoday Small Finance Bank Limited.

Suryoday Small Finance Bank has initiated a postal ballot process seeking shareholder approval for the appointment of two Independent Directors via remote e-voting. The Postal Ballot Notice dated May 07, 2026, was dispatched electronically to members whose names appeared in the Register of Members as on the cut-off date of Friday, May 01, 2026. The bank also published newspaper advertisements in Business Standard (English, nationwide circulation) and Mumbai Lakshdeep (Marathi) on May 09, 2026, confirming the dispatch. The communication was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Resolutions via Postal Ballot

The bank is seeking shareholder approval through remote e-voting for two Special Resolutions related to the appointment of Independent Directors. Both directors were initially appointed as Additional Directors (Non-Executive under Independent category) on the Board with effect from March 12, 2026. The details of the proposed resolutions are as follows:

Profile of Proposed Independent Directors

The Nomination and Remuneration Committee (NRC) has assessed and determined that both proposed directors are Fit and Proper persons as per RBI norms and applicable regulations. Neither director is related to any existing directors of the bank, and both have confirmed they are not debarred from holding office by SEBI or any other authority.

Mr. Sunil Satyapal Gulati (DIN: 00016990), aged 64 years, holds a B.Tech from IIT Delhi and an MBA (Gold Medalist) from IIM Ahmedabad. He brings three decades of global banking experience spanning investment banking, corporate finance, relationship management, risk management, and corporate strategy. His career includes roles as Chief Risk Officer at RBL Bank, Group President at Yes Bank, and leadership positions at ING Group. He currently serves on the boards of Fedbank Financial Services, SBI Mutual Fund Trustee Company, Arthan Finance, Perfios Account Aggregation Services, Sri Kauvery Medical Care, and KMC Speciality Hospitals, among others. Mr. Gulati holds 22,000 equity shares in the bank as on March 31, 2026. His last drawn sitting fees were Rs. 75,000/- for attending Board meetings during FY 2025-26.

Mr. Alok Sethi (DIN: 00277481), aged 64 years, is a Qualified Chartered Accountant holding a B.Com (Hons) from Delhi University. He brings over four decades of experience in asset management operations, technology, governance, and large-scale transformation. He served as Executive Vice President and Head of Global Operations and Technology at Franklin Templeton, overseeing $1.7 trillion in assets. He has led multi-country operating model transformations, major M&A integrations, and large technology and outsourcing initiatives. He currently serves on multiple boards within the Franklin Templeton group and was also appointed as an Additional Director (Under Professional Category) of Ramtirth Leasing and Finance Company Private Limited with effect from April 08, 2026. Mr. Sethi holds 20,000 equity shares in the bank as on March 31, 2026. His last drawn sitting fees were Rs. 75,000/- for attending Board meetings during FY 2025-26.

The following table summarises key profile details of both proposed directors:

E-Voting Process and Key Dates

In accordance with MCA Circulars, physical copies of the Postal Ballot Notice, Postal Ballot forms, and pre-paid business reply envelopes have not been dispatched to shareholders. Members are required to communicate their assent or dissent exclusively through the remote e-voting platform. The bank has engaged KFin Technologies Limited (KFintech) as its Registrar and Share Transfer Agent to facilitate the e-voting process. Members may cast their votes using EVEN No. 9700 on KFintech's e-voting platform. Once a vote is cast, it cannot be changed or recast subsequently. Voting rights shall be reckoned on the paid-up value of Equity Shares registered in the name of members as on the cut-off date, subject to the provisions of the Banking Regulation Act, 1949, as amended.

The key dates and parameters for the e-voting process are summarised below:

Scrutinizer and Results Declaration

The Board of Directors has appointed Ms. Dhara Gala, Practicing Company Secretary (ACS - 61949/ COP 26125, Peer Review Certificate No.: 6594/2025), Mumbai, as the Scrutinizer for the postal ballot process. In her absence, Ms. Priyanka Tank, Practicing Company Secretary (ACS-61276/ COP-24520, Peer Review Certificate No.: 6625/2025), will act as the Scrutinizer. The Scrutinizer will unblock votes after the close of the e-voting period in the presence of at least two witnesses not employed by the bank, and submit a consolidated report to the Chairman. The results of the e-voting will be declared within two (2) working days from the end of the e-voting period and will be published on the bank's website at https://suryoday.bank.in/ , on KFintech's website at https://evoting.kfintech.com , and communicated to BSE Limited and National Stock Exchange of India Limited. If passed by the requisite majority, the resolutions shall be deemed to have been passed on Monday, June 08, 2026.

Shareholder Assistance and Contact Information

Members with queries related to the e-voting process may refer to the FAQs and e-voting User Manual available at https://evoting.kfintech.com , or contact KFintech's toll-free number 1800-309-4001. Members may also write to the Company Secretary & Compliance Officer, Krishna Kant Chaturvedi, at the bank's registered office or at company.secretary@suryodaybank.com . The Postal Ballot Notice is also available on the websites of BSE Limited ( https://www.bseindia.com ) and National Stock Exchange of India Limited ( https://www.nseindia.com ).