Change in Director / Key Managerial Personnel

Nature of changes:

  • Redesignation of existing senior management personnel
  • Appointment of new senior management personnel
  • Resignation of senior management personnel

Ms. Radhika Gawde:

  • Currently holding position as Chief Credit Officer
  • Redesignated as Head-Operations
  • Effective date: October 01, 2026
  • Brief profile: Over 20 years of experience across finance, customer, credit and risk processes
  • In revised role, will oversee the Bank's operations function with focus on operational efficiency, service delivery, process excellence and scalability
  • Will leverage her experience across customer, credit and risk processes

Ms. Sweety Jain:

  • Appointed as Chief Credit Officer
  • Effective date: October 01, 2026
  • Brief profile: Over 20 years of experience across credit risk, MSME lending, institutional funding, portfolio governance, digital underwriting and credit policy
  • Will provide strategic direction to the Bank's credit function
  • Responsibilities include portfolio quality, underwriting standards, credit governance, policy oversight and prudent business growth

Mr. Vishal Singh:

  • Resigned from position of Chief Information Officer and Head Digital Banking
  • Effective date: October 03, 2026 (Close of Business Hours)
  • Reason: To pursue an entrepreneurship opportunity
  • Resignation letter dated September 23, 2026
  • Resignation submitted to Baskar Babu R (MD & CEO)
  • Employee ID: 42423

Regulatory Compliance:

  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
  • Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Intimation submitted to National Stock Exchange of India Limited and BSE Limited
  • Disclosure available on Bank's website: https://suryoday.bank.in/investor-corner/#disclosure-to-stock-exchanges

Company Details:

  • GSTIN: 27AAMCS5499J1ZG
  • Corporate Office: 7th Floor, Seawoods Grand Central, Tower No. 1, Plot No. R-1, Sector 40, Seawoods, Navi Mumbai – 400 706

Document Details:

  • Reference: SSFB/CS/54/2026-27
  • Date: September 26, 2026

Key Financial or Operational Approvals

No financial or operational approvals mentioned in the disclosure.

Strategic or Business Context

No strategic or business context provided in the disclosure.

Any Other Material Information

  • All changes effective in early October 2026 (October 1 and October 3)
  • No relationships between directors disclosed (not applicable as these are senior management personnel changes, not director appointments)
  • Resignation letter of Mr. Vishal Singh attached as annexure to the main letter