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  3. Suryoday Small Finance Bank MD Purchases 50,000 Equity Shares in Open Market
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India IPO
  • 18 Mar 2026
  • X
 Suryoday Small Finance Bank MD Purchases 50,000 Equity Shares in Open Market

Suryoday Small Finance Bank's MD & CEO Baskar Babu Ramachandran purchased 50,000 equity shares through open market transactions on March 17-18, 2026, as per a pre-submitted trading plan. The purchase increased total promoters' group holding to 22.48% from 22.44%, while his individual stake rose to 5.22% from 5.18%. The bank confirmed full regulatory compliance with SEBI and RBI requirements.

Suryoday Small Finance Bank MD Purchases 50,000 Equity Shares in Open Market

Suryoday Small Finance Bank has announced that its Promoter and Managing Director & CEO, Mr. Baskar Babu Ramachandran, has purchased 50,000 equity shares of the bank through open market transactions. The purchase was executed in accordance with a pre-submitted trading plan and complies with applicable SEBI regulations.

Transaction Details

The share purchase was conducted over two trading sessions as part of a structured trading plan:

Transaction Date: Shares Purchased March 17, 2026: 14,000 shares March 18, 2026: 36,000 shares Total Purchase: 50,000 shares

The transactions were executed in accordance with the trading plan submitted to stock exchanges via the bank's letter dated November 13, 2025, under Regulation 5(5) of the SEBI Prohibition of Insider Trading Regulations, 2015.

Impact on Shareholding Pattern

Following the completion of these transactions, the shareholding structure has been updated:

Holding Category: Previous (%) Current (%) Change Total Promoters & Promoters' Group: 22.44% 22.48% +0.04% Mr. Baskar Babu Ramachandran (Individual): 5.18% 5.22% +0.04%

Regulatory Compliance

The bank has confirmed that the updated promoter holdings remain in full compliance with applicable regulatory provisions and are within the RBI pre-approved limits. The disclosure has been made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Disclosures

Suryoday Small Finance Bank has indicated that separate disclosures in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, are being submitted. The intimation is available on the bank's official website under the investor relations section for public access and transparency.

Suryoday Small Finance Bank Limited has successfully completed its institutional investor meeting on March 18, 2026, and submitted the outcome report to stock exchanges as part of its regulatory compliance under SEBI regulations.

Meeting Completion and Outcome

The bank has confirmed the successful completion of its institutional investor interaction through its communication dated March 18, 2026. The meeting was conducted as per the previously announced schedule with full regulatory compliance.

Parameter: Details Date: March 18, 2026 Meeting Type: Investor Group Meeting Format: In-Person Location: Mumbai Timing: 03:00 PM to 05:00 PM Status: Successfully Completed

Regulatory Compliance Confirmation

Suryoday Small Finance Bank has confirmed that all discussions during the meeting were conducted in strict compliance with the bank's Code of Conduct for fair disclosure of unpublished price sensitive information. The bank emphasized that only generally available information was discussed during the investor interactions, ensuring adherence to regulatory guidelines.

The outcome intimation was submitted pursuant to Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the bank's commitment to transparency and regulatory compliance.

Documentation and Disclosure Process

The bank has made the meeting outcome documentation available on its official website under the investor corner section. The intimation was simultaneously communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring proper dissemination across all relevant stock exchanges.

Exchange Details: Information NSE Symbol: SURYODAY BSE Scrip Codes: 543279, 960033 Website Access: suryoday.bank.in/investor-corner

Corporate Communication and Authorization

The outcome report was digitally signed by Krishna Kant Chaturvedi, Company Secretary & Compliance Officer, on March 18, 2026. The documentation confirms the bank's systematic approach to investor relations and its adherence to prescribed regulatory frameworks for institutional investor communications.

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