Announced Thu, 25 Jun · 16:22 IST
Suryoday SFB board approves up to Rs 500 Cr capital raise, fixes dividend record date
Board & Shareholder Meetings View source PDF
SURYODAY · price
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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹171.50
prior close
₹173.49
base price
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AI summary
Suryoday SFB board approved seeking shareholder nod to raise up to Rs 300 Cr via equity or equity-linked instruments (Tier-1 capital) and Rs 200 Cr via bonds or NCDs (Tier-2 capital), valid for 12 months from shareholder approval. Record date fixed at July 17, 2026 for final dividend, subject to AGM approval on August 6, 2026. Board also cleared re-appointment of Mr. Ranjit Jayant Shah as Non-Executive Director up to November 1, 2026 and modifications to the ESOP 2019 scheme.
Likely market impact
Capital raise plan of up to Rs 500 Cr may lead to equity dilution. Dividend record date is July 17, 2026. Key AGM on August 6, 2026.