Suryoday Small Finance Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2025
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Awaiting price reaction for this filing.
Suryoday Small Finance Bank has notified the 17th AGM to be held on September 11, 2025 at 3:30 PM via video conferencing, along with the dispatch of the FY 2024-25 Annual Report. Key items on the agenda include adoption of audited FY25 financials, re-appointment of Mr. Ranjit Jayant Shah as director, and appointment of M/s. Gokhale & Sathe as joint statutory auditors alongside existing M/s. Mukund M. Chitale & Co. with combined audit fees of ₹85 lakhs. Shareholders will also vote on re-appointing Mr. Baskar Babu Ramachandran as MD & CEO for 3 years (Jan 2026 to Jan 2029) and approving his revised FY26 fixed remuneration of ₹225 lakhs (up from ₹194 lakhs). Similar approval is sought for Whole-time Director Mr. Hemant Shah's fixed pay of ₹175 lakhs (up from ₹160 lakhs). The register of members will be closed from September 5 to September 11, 2025, with September 4 as the e-voting cut-off date.
Routine AGM notice with no negative signals — the modest pay hikes for top management (~16% for MD & CEO, ~9% for ED) and re-appointment of the MD & CEO signal continuity. No major dividend, fundraising, or strategic announcement is included; stock price impact likely neutral unless FY25 results (tabled at AGM) surprise.