Detailed Summary

Meeting Details

  • Date of AGM: Thursday, August 6, 2026 at 12:30 p.m. IST
  • Total shareholders on record date: 92,034 (cut-off date: July 30, 2026)
  • Attendance through Video Conferencing:
  • Promoters and Promoter Group: 1 shareholder
  • Public: 52 shareholders
  • Physical attendance: Not applicable as meeting was held through VC/OAVM pursuant to MCA and SEBI circulars

Voting Results Overview

All nine resolutions set out in the Notice dated June 25, 2026 were approved by members with requisite majority and became effective from August 6, 2026.

Resolution-wise Voting Details

1. Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064% of outstanding shares)
  • Votes in favor: 4,59,21,731 shares (99.9950%)
  • Votes against: 2,299 shares (0.0050%)

2. Final Dividend Declaration

  • Type: Ordinary Resolution
  • Dividend: ₹1.50 per equity share (15% of face value of ₹10) for FY ended March 31, 2026
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064%)
  • Votes in favor: 4,56,04,340 shares (99.3039%)
  • Votes against: 3,19,690 shares (0.6961%)

3. Re-appointment of Mr. Ranjit Jayant Shah

  • Type: Ordinary Resolution
  • Director Details: DIN: 00088405, Non-Executive Non-Independent Investor Director
  • Term: Effective from August 6, 2026 to November 1, 2026 (completion of 8-year term limit under Banking Regulation Act)
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064%)
  • Votes in favor: 4,21,10,469 shares (91.6959%)
  • Votes against: 38,13,561 shares (8.3041%)

4. Re-appointment of Mr. Krishna Prasad Nair

  • Type: Ordinary Resolution
  • Director Details: DIN: 02611496, Independent Director as Non-Executive Part-time Chairman (RBI approval received)
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064%)
  • Votes in favor: 4,59,21,932 shares (99.9954%)
  • Votes against: 2,098 shares (0.0046%)

5. Remuneration of Mr. Baskar Babu Ramachandran

  • Type: Special Resolution
  • Position: Managing Director & Chief Executive Officer (DIN: 02303132)
  • Period: Financial Year 2026-27
  • Promoter interest: Yes (votes from interested members treated as invalid)
  • Result: Passed with requisite majority
  • Total valid votes polled: 4,37,12,019 shares (41.1253%)
  • Votes in favor: 4,37,03,047 shares (99.9795%)
  • Votes against: 8,972 shares (0.0205%)

6. Remuneration of Mr. Hemant Premchand Shah

  • Type: Ordinary Resolution
  • Position: Whole-time Director (Executive Director) (DIN: 10548728)
  • Period: Financial Year 2026-27
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,23,030 shares (43.2055%)
  • Votes in favor: 4,59,19,308 shares (99.9919%)
  • Votes against: 3,722 shares (0.0081%)

7. Fundraising - Equity Capital

  • Type: Special Resolution
  • Amount: Up to ₹300 crore
  • Instruments: Equity Shares, equity linked securities, warrants, or any other eligible securities
  • Methods: Rights issue/Preferential Allotment/Private Placement/QIP or any other permissible mode
  • Purpose: Tier-1 Capital
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064%)
  • Votes in favor: 4,57,60,855 shares (99.6447%)
  • Votes against: 1,63,175 shares (0.3553%)

8. Fundraising - Debt Instruments

  • Type: Special Resolution
  • Amount: Up to ₹200 crore
  • Instruments: Tier-2 Capital instruments including Bonds, Non-Convertible Debentures, or other debt securities
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,24,030 shares (43.2064%)
  • Votes in favor: 4,59,21,579 shares (99.9947%)
  • Votes against: 2,451 shares (0.0053%)

9. Amendments to ESOP Scheme 2019

  • Type: Special Resolution
  • Result: Passed with requisite majority
  • Total votes polled: 4,59,22,531 shares (43.2050%)
  • Votes in favor: 4,21,08,195 shares (91.6940%)
  • Votes against: 38,14,336 shares (8.3060%)

Shareholding Pattern and Voting Participation

  • Total outstanding shares: 10,62,89,824
  • Promoter & Promoter Group: 2,38,96,594 shares (22.47%)
  • Public Institutions: 1,34,34,986 shares (12.64%)
  • Public Non-Institutions: 6,89,58,244 shares (64.89%)

Scrutinizer Appointment and Process

  • Scrutinizer: Dhara Gala, Practicing Company Secretary (ACS 61949)
  • Appointment date: June 25, 2026
  • E-voting period: August 2, 2026 (9:00 a.m.) to August 5, 2026 (5:00 p.m.)
  • E-voting during AGM: Through Insta-poll facility
  • Vote unblocking: August 6, 2026 after AGM conclusion
  • Service provider: KFin Technologies Limited (RTA and e-voting service provider)

Document Submission and Availability

  • Submitted to National Stock Exchange of India Limited and BSE Limited
  • Available on Bank's website: https://suryoday.bank.in/investor-corner/#disclosure-to-stock-exchanges and https://suryoday.bank.in/investor-corner/#shareholders-meeting
  • Consolidated report on e-voting to be disclosed on websites of Bank and KFin Technologies Limited