Suryoday SFB to seek shareholder approval for ₹500 Cr fundraising

Suryoday Small Finance Bank Ltd announced its Board of Directors has approved seeking shareholder approval for raising up to ₹300 Crore in Tier-1 capital and up to ₹200 Crore in Tier-2 capital. The fundraising can be through various instruments like equity shares, warrants, bonds, or NCDs, via rights issue, QIP, or private placement. The approvals will be valid for 12 months. The bank also fixed July 17, 2026, as the record date for determining eligibility for final dividend, if approved at the upcoming 18th Annual General Meeting (AGM) on August 6, 2026. Additionally, the re-appointment of Mr. Ranjit Jayant Shah as a director and modifications to the ESOP Scheme, 2019, were approved.