Suryoday Small Finance Bank Limited has received approval from the Reserve Bank of India (RBI) for the re-appointment and continuation of its Joint Statutory Auditors for the Financial Year 2026-27. The regulatory approval ensures the continuation of M/s. Mukund M. Chitale & Co. and M/s. Gokhale & Sathe as auditors for their third and second year respectively, maintaining audit continuity for the bank.

The Board of Directors of Suryoday Small Finance Bank had recommended the re-appointment of these firms at a meeting held on May 07, 2026. This recommendation was made in accordance with RBI Circular No. RBI/2021-22/25 Ref. No. DoS. CO. ARG / SEC.01/08.91.001/2021-22, dated April 27, 2021, which governs the appointment of statutory auditors in banks.

Following the board's recommendation, the bank submitted an application to the central bank. The RBI accorded its approval via letter No. Ref.CO. DOS. RPD. No. S1724/08.62.005/2026-27 dated June 05, 2026. The bank received this communication on the same day, finalizing the appointment process for the upcoming financial year.

Auditor Details

Suryoday Small Finance Bank has scheduled a board meeting on June 25, 2026, at Navi Mumbai to consider fundraising approvals and the issuance of debt instruments. The meeting aims to seek enabling approvals from shareholders for raising capital through various modes, including equity shares and debt securities.

The board will recommend seeking shareholder approval for raising funds through the issue of equity shares, equity-linked securities, warrants, or other eligible securities. The proposed modes include rights issue, preferential allotment, private placement, qualified institutions placement (QIP), or any combination thereof.

Additionally, the board will consider seeking shareholder approval for issuing debt instruments. These may include bonds, non-convertible debentures, or other debt securities, subject to necessary regulatory and statutory approvals.

The intimation was submitted pursuant to Regulation 29, 50, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information will be available on the bank's website in compliance with Regulation 46 and 62 of the SEBI Listing Regulations.

Agenda Items

The meeting will be held on Thursday, June 25, 2026, at Navi Mumbai. The bank's board will finalize the recommendations for shareholder approval during this session.