Suryoday Small Finance Bank has informed the stock exchanges of two key personnel changes at the Bank, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures, filed on August 9, 2026, pertain to the retirement of a long-serving Independent Director and the resignation of the Company Secretary and Compliance Officer.

Retirement of Independent Director

Mr. John Arunkumar Diaz (DIN: 00493304), Non-Executive Independent Director of the Bank, completed his second term as an Independent Director on August 8, 2026, at the close of business hours. His cessation was triggered upon attaining the age of 75 years, in accordance with the provisions of the Banking Regulation Act, 1949, read with relevant circulars issued by the Reserve Bank of India. Accordingly, he ceased to hold office as Non-Executive Independent Director of the Bank, effective from August 9, 2026.

The Board of Directors, at its meeting on August 9, 2026, took note of the development and placed on record its sincere appreciation and gratitude for the valuable contributions made by Mr. Diaz during his tenure as Non-Executive Independent Director.

Resignation of Company Secretary and Compliance Officer

Mr. Krishna Kant Chaturvedi tendered his resignation from the position of Company Secretary and Compliance Officer (under SEBI Regulations) and Key Managerial Personnel of the Bank, vide his resignation letter dated May 27, 2026. His resignation was submitted to pursue career opportunities outside the organisation. His cessation is effective from the close of business hours on August 11, 2026, making his last working day August 11, 2026, with the cessation effective from August 12, 2026.

The Board also appreciated Mr. Chaturvedi for his contribution to the growth journey of the Bank.

Summary of Personnel Changes

The key details of both personnel changes, as disclosed under the applicable SEBI regulations, are presented below:

Regulatory Compliance

The disclosures have been made 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, along with other applicable provisions. The intimation has been signed by Kanishka Chaudhary, Chief Financial Officer of the Bank, and will also be made available on the Bank's website.

Suryoday Small Finance Bank shareholders have approved a strategic capital raising plan at the 18th Annual General Meeting (AGM) held on August 6, 2026. Members authorized the bank to raise up to ₹300 crore in Tier-1 capital through equity shares, warrants, or other eligible securities via rights issues, preferential allotment, private placement, or Qualified Institutions Placement (QIP). This mandate strengthens the bank’s regulatory capital base ahead of future growth initiatives. The resolution passed with 99.64% support, reflecting strong investor confidence in the bank’s expansion strategy.

Alongside the equity raise, members approved the issuance of debt instruments, including bonds and Non-Convertible Debentures (NCDs), up to ₹200 crore to augment Tier-2 capital. Shareholders also declared a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026, representing 15% of the ₹10 face value. These approvals were submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting also addressed governance matters. Members approved the remuneration for Managing Director & Chief Executive Officer Baskar Babu Ramachandran and Whole-time Director Hemant Premchand Shah for FY27. Ranjit Jayant Shah was re-appointed as a Non-Executive Non-Independent Investor Director until November 1, 2026, completing his eight-year term limit under the Banking Regulation Act, 1949. Krishna Prasad Nair was noted as re-appointed as Non-Executive Part-time Chairman following Reserve Bank of India approval.

Voting participation stood at 43.21% of outstanding shares, with 92,034 shareholders on record as of July 30, 2026. Promoter and promoter group entities cast 86.02% of their held votes in favor of all resolutions. Public non-institutional investors showed strong support for the capital raise, with 99.08% voting in favor, while institutional investors voted unanimously for all proposals. The consolidated e-voting results were scrutinized by Dhara Gala, Practicing Company Secretary.

What the Numbers Show

The near-unanimous support for the Tier-1 capital raise indicates strong shareholder confidence in the bank’s growth trajectory and capital deployment strategy. With promoters holding 2,38,96,594 shares and casting 100% of their votes in favor, the ownership group is aligned with the management’s plan to strengthen the capital adequacy ratio. The simultaneous approval of a ₹200 crore Tier-2 debt issuance suggests a balanced approach to capital structuring, leveraging both equity and debt instruments to optimize the cost of capital while meeting regulatory requirements.