Submission of Annual Secretarial Compliance Report pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended ....
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Suryoday Small Finance Bank has submitted its Annual Secretarial Compliance Report for FY2024-25, as required under Regulation 24A of SEBI's Listing Regulations. The report was issued by Practicing Company Secretary Tushar Shridharani after reviewing the bank's filings, website, and records. The bank reported no deviations or non-compliances with SEBI regulations during the review period, and no actions were taken against it, its promoters, or directors by SEBI or stock exchanges. The bank complied with all key areas including secretarial standards, policy adoption and timely updates, website disclosures, insider trading norms, and related party transaction approvals. Additionally, the report notes that statutory auditor Walker Chandiok & Co LLP retired after completing its RBI-mandated three-year term, and Mukund M Chitale & Co has been appointed as the new statutory auditor for three years with requisite RBI and shareholder approvals.
This is a routine annual compliance filing with no negative findings — the bank has a clean compliance record for FY2024-25, which is neutral to mildly positive for governance perception. The statutory auditor change is procedural and driven by RBI's mandatory rotation requirement, so it is not a concern for shareholders.