Key Details

  • Regulatory Reference: Disclosure made pursuant to Regulation 5(5) of SEBI PIT Regulations read with the Bank's Code of Conduct for Prevention of Insider Trading and Code of Conduct for Fair Disclosure of UPSI
  • Approval Date: July 30, 2026
  • Approving Authority: Krishna Kant Chaturvedi, Company Secretary & Compliance Officer

Trading Plan Details - Mr. Baskar Babu Ramachandran

  • Designation: Managing Director & CEO and one of the Promoter of the Bank
  • Trade Value: ₹75,00,000
  • Nature of Transaction: Purchase
  • Trading Period: November 30, 2026 (Monday) to December 04, 2026 (Friday) (Both days inclusive)
  • Price Limit: Not specified (NA)

Trading Plan Details - Mrs. Shilpa Bhaskar Babu

  • Designation: Part of Promoter Group
  • Trade Value: ₹75,00,000
  • Nature of Transaction: Purchase
  • Trading Period: November 30, 2026 (Monday) to December 04, 2026 (Friday) (Both days inclusive)
  • Price Limit: Not specified (NA)

Undertakings Provided by Both Individuals

1. Will not trade in bank securities during the cool-off period of 120 calendar days as prescribed under Regulation 5(2)(i) of PIT Regulations

2. Will not trade in bank securities for market abuse

3. Trading plan is irrevocable once approved and will be mandatorily implemented without deviation

4. Trades will be executed only if execution price is within specified limits (though no price limits were set)

5. Will not implement trading plan if any unpublished price sensitive information in possession at formulation time has not become generally available at implementation commencement

6. Full awareness and understanding of obligations under Code of Conduct and PIT Regulations

Compliance Officer Approval

  • Both trading plans were approved on July 30, 2026
  • No reasons for rejection (N.A.)
  • Plans were not rejected

Additional Information

  • Document reference number: SSFB/CS/43/2026-27
  • Bank's registered office: 1101, Sharda Terraces, Plot. 65, Sector 11, CBD Belapur, Navi Mumbai: 400614
  • Intimation available on bank's website: https://suryoday.bank.in/investor-corner/#disclosure-to-stock-exchanges

Financial Impact

Financial impact not quantified in the disclosure beyond the stated trade values of ₹75 lakh each.