Suryoday SFB Q2 FY26 Results: Board Approves, Plans Rs 1,000 Cr Fundraise
SURYODAY · price
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Board approved Q2 and H1 FY26 unaudited financial results. CRAR stands strong at 23.41 percent. Joint auditors (Mukund M Chitale and Gokhale and Sathe) issued an unmodified review with an emphasis of matter on benefits from the CGFMU guarantee scheme, which boosted capital ratios and reduced provisions by about Rs 9,186 lakhs for the half year. Bank plans to raise up to Rs 1,000 Crore via equity, QIP, preferential, or rights issue, subject to shareholder and regulatory approvals. Books of accounts to shift to new corporate office at Seawoods, Navi Mumbai.
Fund raise of up to Rs 1,000 Crore may dilute existing equity. Results clean, with one emphasis of matter note on CGFMU scheme.