Suryoday Small Finance Bank has initiated the process to seek shareholder approval for raising funds up to ₹1,000 crore through various financial instruments. The bank has moved a special resolution under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with e-voting currently underway for shareholders.

Fund Raising Details

The proposed fund raising encompasses multiple instruments and methods to provide maximum flexibility:

Strategic Clarification

The bank emphasized that the shareholder approval is being sought purely as an enabling provision. Suryoday Small Finance Bank stated it intends to raise capital only at a suitable time that best serves the interests of both the bank and its shareholders. This approach provides the institution with strategic flexibility to access capital markets when conditions are most favorable.

Strong Capital Position

Despite seeking fund raising approval, the bank maintains robust capital adequacy ratios that exceed regulatory requirements:

As of December 31, 2025, these ratios demonstrate the bank's strong financial position and adequate capitalization for both immediate growth plans and regulatory compliance.

Regulatory Compliance

The fund raising proposal follows all applicable provisions under SEBI regulations, with proper disclosure made to both National Stock Exchange of India Limited and BSE Limited. The bank has also committed to making this information available on its official website for transparency and broader stakeholder access.

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.