Suryoday Small Finance Bank board approved the issuance of up to ₹400 crore in Non-Convertible Debentures (NCDs) through private placement. The initial tranche of ₹200 crore comprises Rated, Listed, Unsecured, Subordinated, Lower Tier II instruments.

The decision was taken during a Board of Directors meeting held on September 21, 2026, in Navi Mumbai. The bank intends to issue these debentures in one or more tranches, with the first tranche categorized as Lower Tier II Capital in compliance with the Basel II framework on Capital Adequacy.

NCD Issuance Details

The proposed securities are fully paid-up, transferable, and redeemable. They will be issued in dematerialised form and listed on BSE Limited. The tenure for the instruments will not exceed 10 years from the deemed date of allotment. Coupon rates and interest payment schedules remain as approved by the board.

Appointment of Interim Company Secretary

In a separate resolution, the board appointed Ms. Geeta Krishnan (ICSI Membership No. A6011) as Interim Company Secretary and Compliance Officer. She assumes the role of Key Managerial Personnel effective September 24, 2026.

Ms. Krishnan brings over 25 years of experience in corporate governance, legal, and regulatory compliances across listed and banking companies. She previously served as Company Secretary at Suryoday Small Finance Bank from 2017 to 2022 and is currently a Corporate Consultant.

Regulatory Disclosure

The bank made this disclosure pursuant to Regulation 30, 51, and Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Kanishka Chaudhary, Chief Financial Officer, signed the disclosure letter dated September 21, 2026.

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.