Suryoday Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
SURYODAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suryoday Small Finance Bank has appointed Mr. Sunil Satyapal Gulati and Mr. Alok Sethi as Additional Directors (Independent category) on its Board, effective March 12, 2026. Both are proposed to serve as Independent Directors for a five-year term, subject to shareholder approval at the next General Meeting. Sunil Gulati brings over 30 years of banking experience, including as former Chief Risk Officer of RBL Bank and senior roles at Yes Bank and ING, and currently serves on boards of SBI Mutual Fund Trustee and Fedbank Financial Services. Alok Sethi is a Chartered Accountant and former Executive Vice President and Head of Global Operations and Technology at Franklin Templeton, overseeing $1.7 trillion in assets, with 21+ years at the firm. Both directors hold small equity stakes in the bank (22,000 and 20,000 shares respectively), are not related to existing directors, and are not debarred by SEBI.
This is a routine governance update adding two experienced independent directors to strengthen the board. Sunil Gulati's deep banking and risk expertise and Alok Sethi's global asset management and operations background should bolster governance and oversight. No immediate material impact on stock price is expected, though shareholder approval will be sought at the next general meeting.