Suryoday Small Finance Bank Limited announced significant senior management appointments following its Board of Directors meeting held on February 12, 2026. The board approved the re-appointment of its Chief Risk Officer and the appointment of a new Chief of Internal Vigilance, both critical roles for the bank's governance and risk management framework.

Chief Risk Officer Re-appointment

The board re-appointed Mr. Yogesh Dixit as Chief Risk Officer for an additional term from April 1, 2026, to March 31, 2027. This decision was made based on recommendations from both the Nomination and Remuneration Committee and the Risk Management Committee of the Board, in accordance with RBI Master Circular No. RBI/DOR/2025-26/180 DOR.HGG.GOV.No. 99/29.67.001/2025-26 dated November 28, 2025.

Mr. Dixit brings over 36 years of extensive experience across financial institutions, spanning development finance, regulatory functions, and senior leadership roles in the credit rating industry. He has been associated with the bank since 2015 and has served as Chief Risk Officer since 2017. Over the years, he has played a pivotal leadership role in strengthening the bank's risk management framework, contributing significantly to its governance, risk oversight, and institutional stability.

Chief of Internal Vigilance Appointment

The board also approved the appointment of Mr. Sudheer Kamble as Chief of Internal Vigilance, effective March 1, 2026. This appointment follows recommendations from the Audit Committee of the Board and the Nomination and Remuneration Committee of the Board, continuing from the bank's earlier communication dated September 30, 2025.

Mr. Kamble brings over 30 years of experience in Finance and Internal Audit, having commenced his career in 1995. He has been associated with the bank since 2009 and has played a pivotal role in shaping and strengthening the branch audit framework. His deep understanding of the bank's products, processes, and branch network, coupled with his strong audit acumen, makes him a suitable candidate for the role of Chief of Internal Vigilance.

Regulatory Compliance

Both appointments were made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with various SEBI circulars including SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the latest SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The board meeting commenced at 4:00 p.m. and concluded at 6:30 p.m. on February 12, 2026. The bank has confirmed that detailed information regarding these appointments will be made available on its website at the investor corner section for appropriate dissemination to stakeholders.

Suryoday Small Finance Bank Limited has announced a postal ballot notice dated January 22, 2026, seeking shareholder approval for significant corporate actions including a major fund-raising initiative and board restructuring.

Fund Raising Initiative

The bank proposes to raise funds for an aggregate amount not exceeding ₹1,000 crore through multiple financing modes. The comprehensive fund-raising strategy includes:

The bank's current financial position remains strong with a Capital to Risk Weighted Asset Ratio (CRAR) of 21.9% and Tier I Capital Ratio of 21% as of December 31, 2025, both significantly above regulatory requirements of 15% and 7.50% respectively.

Board Re-appointment

The second resolution addresses the re-appointment of Mr. Krishna Prasad Nair (DIN: 02611496) as Non-Executive Independent Director. Key details include:

Mr. Nair's re-appointment follows regulatory compliance under the Banking Regulation Act, 1949, and RBI's Small Finance Banks Governance Directions, 2025, which restrict overall tenure of Non-Executive Directors to eight consecutive years.

Postal Ballot Process

The bank has established a comprehensive e-voting framework for shareholder participation:

Regulatory Framework

Both resolutions require special resolution approval from shareholders. The fund-raising initiative aligns with provisions under Sections 23, 41, 42, and 62 of the Companies Act, 2013, along with SEBI regulations. The director re-appointment complies with Section 149(10) of the Companies Act and banking sector governance norms.

The bank has appointed Ms. Dhara Gala and Ms. Priyanka Tank as scrutinizers to ensure fair and transparent voting processes. KFin Technologies Limited serves as the Registrar and Share Transfer Agent, providing e-voting platform services.

Strategic Rationale

The management emphasizes the fund-raising initiative's importance for supporting ambitious growth plans across business verticals. The bank aims to deepen MSME engagement, broaden secured lending, strengthen Vikas Loans, and drive CASA growth through digital transformation initiatives. The proposed capital infusion will maintain CRAR above 20% while supporting expansion in existing and new markets.

Shareholders can access the complete postal ballot notice on the bank's website and participate in e-voting through multiple platforms including NSDL, CDSL, and KFintech portals.