suryoday small finance bank has fixed Friday, July 17, 2026, as the record date for determining shareholder entitlement to a final dividend of ₹1.50 per equity share. The dividend, recommended for the financial year ended March 31, 2026, amounts to 15% of the face value of ₹10 per share and is subject to approval by shareholders at the 18th Annual General Meeting (AGM). If approved, the payout will be made within 30 days of the AGM, on or before September 5, 2026.

The 18th AGM is scheduled to be held on Thursday, August 06, 2026, at 12:30 p.m. IST via video conferencing and other audio-visual means. The meeting will be conducted without the physical presence of members at a common venue, in compliance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). Members attending the meeting through these electronic means will be counted for the purpose of quorum.

Key Meeting Details

The bank has appointed KFin Technologies Limited as the registrar and transfer agent to facilitate the electronic voting process and the video conferencing facility for the AGM. Shareholders will have access to remote e-voting facilities as well as e-voting during the meeting (InstaPoll). Login credentials for e-voting and attending the meeting will be sent to registered email addresses.

Dividend and Taxation

The board of directors recommended the final dividend at its meeting held on May 07, 2026. The dividend will be paid to beneficial owners as per the list furnished by depositories at the end of the day on July 17, 2026, for shares held in electronic form. For physical shares, entitlement will be determined after giving effect to valid transmission requests lodged with the bank as of the close of business hours on the same date.

Pursuant to the Income Tax Act, 2025, dividend income is taxable in the hands of members. The bank will deduct tax at source (TDS) at applicable rates, which vary based on the residential status and classification of the entity. Shareholders are advised to ensure their bank account details and PAN information are updated with their depositories or the registrar to facilitate timely credit and avoid higher TDS deductions.

Key AGM Agenda

The 18th AGM will transact nine items of business. The Board has recommended a final dividend of ₹1.50 per share for the financial year ended March 31, 2026. Additionally, the Board has sought shareholder approval to raise funds. This includes raising up to ₹300 crore through equity shares and other instruments via rights issue, preferential allotment or QIP. It also seeks approval to raise up to ₹200 crore through debt instruments such as bonds and NCDs.

Shareholders will also vote on amendments to the Suryoday ESOP Scheme 2019. The proposed changes include extending the exercise period for options from three years to five years and modifying superannuation treatment for long-serving employees. The Nomination and Remuneration Committee has recommended increasing the remuneration for the Managing Director & CEO and the Executive Director for FY 2026-27.

Suryoday Small Finance Bank reported unaudited financial results for Q1FY27, demonstrating robust asset growth and improved asset quality. Gross advances stood at ₹14,374 crore, reflecting a 32.5% year-on-year increase from ₹10,846 crore in Q1FY26. On a sequential basis, advances grew by 8.4% from ₹13,261 crore in Q4FY26. The bank's total deposits reached ₹14,634 crore, registering a 29.4% YoY growth compared to ₹11,312 crore in the prior year period.

The lender's Current Account Savings Account (CASA) balance surged by 53.4% YoY to ₹3,072 crore, up from ₹2,003 crore in Q1FY26. Consequently, the CASA ratio improved to 21.0% from 17.7% a year ago. Disbursements for the quarter grew by 30.6% YoY to ₹2,954 crore. When excluding Supply Chain Finance (SCF), disbursements amounted to ₹2,552 crore, a 32.9% increase from the corresponding quarter last year.

Asset quality metrics showed improvement during the period. The Gross Non-Performing Assets (GNPA) ratio moderated to 6.6% in Q1FY27 from 8.5% in Q1FY26. The bank's collection efficiency remained strong, with the overall collection efficiency at 99.2% and the Inclusive Finance segment collection efficiency at 99.2% for the zero bucket.

Asset Quality Breakdown

The bank provided a detailed breakdown of its asset quality and credit guarantee coverage as of June 30, 2026. The Gross NPA stood at ₹931 crore, while Net NPA (NNPA) was recorded at ₹559 crore after provisions of ₹372 crore.

Risk Management Measures

Suryoday Small Finance Bank continues to mitigate risk through the Credit Guarantee Fund for Micro Units (CGFMU) Scheme. As of June 2026, approximately 98% of the bank's Inclusive Finance portfolio is covered under this scheme. The bank stated that these figures are provisional and subject to review by the Audit Committee, Board of Directors, and limited review by the Statutory Auditors.