Intimation regarding purchase of 50,000 Equity Shares of the Bank by the Promoter and Managing Director & CEO of the Bank as per the Trading Plan
SURYODAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Baskar Babu Ramachandran, Promoter and Managing Director & CEO of Suryoday Small Finance Bank, bought 50,000 equity shares from the open market — 14,000 on March 17, 2026 and 36,000 on March 18, 2026. The purchase was executed under a Trading Plan previously submitted to the stock exchanges in November 2025, as required under SEBI insider trading rules. After this buy, total promoter group holding rose marginally from 22.44% to 22.48%, and his personal holding moved from 5.18% to 5.22%. The bank confirmed the holding remains within RBI pre-approved limits and applicable regulatory provisions.
This is a small open-market purchase by the CEO in line with a pre-announced trading plan, signalling personal confidence in the bank. However, the change in promoter stake is only 0.04%, so it is unlikely to meaningfully move the share price on its own.