Share price at the NSE close on 23 Oct 2026. Previous close ₹137.97.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,408 Cr1,273rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 23 Jul 2026
- 7.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 7 May 2026
- 0.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.13%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 23 Jul 2026
- 9.6%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 7.25%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026.
- 6.60%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026.
- 1.27%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026.
- 19.37%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 0.86%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,72,53456.9% delivered
Suryoday Small Finance Bank board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonKrishna Prasad Nair
- Managing director and CEOBaskar Babu Ramachandran
- Company Secretary and Compliance OfficerGeeta Krishnan
9 directors6 independent2 executive1 non-executive
- Krishna Prasad Nair · ChairpersonIndependent · joined Jul 2021 · reappointed Jul 2026 · 62 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Swati Rajendra DatyeIndependent · joined Feb 2024 · reappointed Feb 2024 · 32 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Deepak Kumar SharmaIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Vivek Anant KarveIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 5 as chair
- Sunil Satyapal GulatiIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
- Alok SethiIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Ranjit ShahNominee, non-executive · joined Nov 2018 · reappointed Nov 2018 · 1 listed board · 2 committee seats
- Baskar Babu Ramachandran · Managing director and CEOExecutive · joined Jan 2017 · reappointed Jan 2026 · 1 listed board
- Hemant Premchand ShahExecutive · joined Apr 2024 · reappointed Apr 2024 · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- John Arunkumar Diaz, left 9 Aug 2026: Tenure Completion
- Jyotin Kantilal Mehta, left 13 Feb 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 Sep 20268 of 9 present6 independent · 10 days in between
- 10 Sep 20269 of 9 present6 independent · 48 days in between
- 23 Jul 202610 of 10 present7 independent · 27 days in between
- 25 Jun 202610 of 10 present7 independent · 48 days in between
1 earlier meeting
- 7 May 202610 of 10 present7 independent
Audit Committee
Chair Vivek Anant Karve
Deepak Kumar Sharma, Ranjit Shah, Sunil Satyapal Gulati, Alok Sethi
- 21 Aug 20264 of 5 present4 independent · 28 days in between
- 23 Jul 20266 of 6 present5 independent · 28 days in between
- 24 Jun 20266 of 6 present5 independent · 47 days in between
- 7 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Swati Rajendra Datye
Krishna Prasad Nair, Ranjit Shah, Sunil Satyapal Gulati, Alok Sethi
- 23 Jun 20266 of 6 present5 independent · 48 days in between
- 5 May 20263 of 4 present3 independent
Stakeholders Relationship Committee
Chair Alok Sethi
Ranjit Shah, Swati Rajendra Datye, Krishna Prasad Nair, Vivek Anant Karve, Sunil Satyapal Gulati, Hemant Premchand Shah
- 22 Jul 20265 of 7 present5 independent · 76 days in between
- 6 May 20264 of 4 present2 independent
Risk Management Committee
Chair Alok Sethi
Krishna Prasad Nair, Deepak Kumar Sharma, Vivek Anant Karve, Sunil Satyapal Gulati, Baskar Babu Ramachandran, Hemant Premchand Shah
- 20 Aug 20267 of 7 present5 independent · 56 days in between
- 24 Jun 20268 of 8 present6 independent · 48 days in between
- 6 May 20266 of 6 present4 independent
Corporate Social Responsibility Committee
Chair Swati Rajendra Datye
Deepak Kumar Sharma, Vivek Anant Karve, Hemant Premchand Shah
- 5 May 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Mar 2026.
- M/s Mukund M Chitale & CoPeer-review certificate valid to Apr 2027
- M/s Gokhale & SathePeer-review certificate valid to Feb 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Suryoday Small Finance Bank AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Suryoday Small Finance Bank dividend history
Annual general meeting, 6 Aug 2026
92,034 shareholders on the register on 30 Jul 2026; present: 1 promoter and 52 others; votes counted by Dhara Gala / Dhara Gala.The company's voting result (opens in a new tab)
- To receive consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31 2026 and the Reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
- To declare the Final Dividend of Rs. 1.50 (Rupee One and Fifty Paise) per Equity Share of face value of Rs. 10 each fully paid up (i.e. 15% of face value) for the financial year ended March 31, 2026Ordinary99.30% for0.70% against
Against: promoters 0.00% · institutions 0.00% · other public 1.80%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
- To approve the appointment of Mr. Ranjit Jayant Shah (DIN: 00088405) as a Director, who retires by rotation, and being eligible, offers himself for re-appointmentOrdinary91.70% for8.30% against
Against: promoters 0.00% · institutions 4.35% · other public 19.61%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
To take note of the approval received from the Reserve Bank of India for re-appointment of Mr. Krishna Prasad Nair (DIN: 02611496), Independent Director, as Non-Executive Part-time Chairman of the BankMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
- To approve the Remuneration Payable to Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer of the Bank for the Financial Year 2026-27SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 41.13% · promoters 76.77% · institutions 56.63% · other public 25.75%
- To approve the Remuneration Payable to Mr. Hemant Premchand Shah (DIN: 10548728), Whole-time Director (Executive Director) of the Bank for the Financial Year 2026-27Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
To consider and approve raising of funds (Tier-1 Capital) for an amount upto Rs. 300 Crore (Rupees Three Hundred Crore Only) through issue of Equity Shares, equity linked securities, warrants, and / or any other eligible securities by way of Rights issue / Preferential Allotment / Private Placement / Qualified Institutions Placement (“QIP”) or through any other permissible mode(s) and / or combination thereofMoreLess
Special99.64% for0.36% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.92%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
To approve issuance of debt instruments (Tier-2 Capital), including but not limited to Bonds, Non-Convertible Debentures or such other Debt securities for an amount upto Rs. 200 Crore (Rupees Two Hundred Crore Only)MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
- To approve the amendments in Suryoday ESOP Scheme 2019Special91.69% for8.31% against
Against: promoters 0.00% · institutions 4.35% · other public 19.62%
Turnout: all 43.21% · promoters 86.02% · institutions 56.63% · other public 25.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Jun 2026, 2 resolutions
93,587 shareholders on the register on 1 May 2026; votes counted by Dhara Gala / Dhara Gala.The company's voting result (opens in a new tab)
To approve the appointment of Mr. Sunil Satyapal Gulati (DIN: 00016990) as an Independent Director of the Bank, to hold office for a period of Five (5) consecutive years effective from March 12, 2026 to March 11, 2031 (both days inclusive)MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 38.21% · promoters 100.00% · institutions 60.94% · other public 10.83%
To approve the appointment of Mr. Alok Sethi (DIN: 00277481) as an Independent Director of the Bank, to hold office for a period of Five (5) consecutive years effective from March 12, 2026 to March 11, 2031 (both days inclusive)MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 38.21% · promoters 100.00% · institutions 60.94% · other public 10.83%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 28 Feb 2026, 2 resolutions
99,866 shareholders on the register on 23 Jan 2026; votes counted by Dhara Gala / Dhara Gala.The company's voting result (opens in a new tab)
To consider and approve raising of funds for an aggregate amount not exceeding Rs. 1,000 Crore (Rupees One Thousand Crore Only) through issue of Equity Shares, equity linked securities, warrants, and/or any other eligible securities by way of Preferential Allotment, Qualified Institutions Placement (“QIP”) or Private Placement or through Rights issue or any other permissible mode(s) and/or combination thereof.MoreLess
SpecialNot passedRecorded as not passed although most votes were for it; no reason is given60.51% for39.49% againstAgainst: promoters 0.00% · institutions 92.80% · other public 61.29%
Turnout: all 50.14% · promoters 100.00% · institutions 62.02% · other public 29.71%
To consider and approve the re-appointment of Mr. Krishna Prasad Nair (DIN: 02611496) as a Non-Executive Independent Director on the Board of the Bank, post completion of his first term on July 21, 2026, for further period of 3 years.MoreLess
Special99.68% for0.32% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 50.12% · promoters 100.00% · institutions 62.02% · other public 29.67%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Sep 2025, 7 resolutions
1,05,464 shareholders on the register on 4 Sep 2025; present: 1 promoter and 43 others; votes counted by Nupur Gadekar / Partner, M/s. Mehta & Mehta, Company Secretaries.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2025, and the Reports of the Board of Directors and the Auditors thereon.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 31.28% · promoters 100.00% · institutions 35.76% · other public 5.80%
- To approve the appointment of Mr. Ranjit Jayant Shah (DIN: 00088405) as a Director, who retires by rotation, and being eligible, offers himself for re-appointmentOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 31.28% · promoters 100.00% · institutions 35.76% · other public 5.80%
To approve the appointment of M/s. Gokhale & Sathe, Chartered Accountants (Firm Registration Number 103264W), as one of the Joint Statutory Auditors of the Bank [along with existing Statutory Auditors, M/s. Mukund M. Chitale & Co., Chartered Accountants, (Firm Registration No. 106655W), both the Auditors to be termed as ‘Joint Statutory Auditors’], and fixation of the remuneration payable to the Joint Statutory AuditorsMoreLess
Ordinary99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 31.28% · promoters 100.00% · institutions 35.76% · other public 5.80%
To approve the appointment and remuneration payable to M/s. Tushar Shridharani & Associates LLP, Practising Company Secretaries (LLPIN - ACL-9350 | Unique Code: L2025MH018100) as Secretarial Auditors of the BankMoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 31.28% · promoters 100.00% · institutions 35.76% · other public 5.80%
- To approve the re-appointment of Mr. Baskar Babu Ramachandran (DIN: 02303132) as Managing Director & Chief Executive Officer of the BankSpecialPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 26.10% · promoters 76.93% · institutions 35.76% · other public 5.80%
- To approve the Remuneration Payable to Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer of the Bank for the Financial Year 2025-26SpecialPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.51%
Turnout: all 26.10% · promoters 76.93% · institutions 35.76% · other public 5.80%
- To approve the Remuneration Payable to Mr. Hemant Premchand Shah (DIN: 10548728), Whole-time Director (Executive Director) of the Bank for the Financial Year 2025-26Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 31.28% · promoters 100.00% · institutions 35.76% · other public 5.80%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 15 Apr 2025, 1 resolution
1,09,223 shareholders on the register on 7 Mar 2025; votes counted by TUSHAR SHRIDHARANI / TUSHAR SHRIDHARANI.The company's voting result (opens in a new tab)
- To approve the appointment of Mr. Vivek Anant Karve (DIN: 06840707) as an Independent Director of the BankSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 34.00% · promoters 100.00% · institutions 57.81% · other public 5.53%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 Sep 2024, 6 resolutions
Present: 1 promoter and 46 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Bank for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 37.77% · promoters 89.77% · institutions 65.74% · other public 11.59%
- To appoint Mr. Ranjit Jayant Shah (DIN: 00088405) as a Director, who retires by rotation, and being eligible, offers himself for re-appointmentOrdinary99.29% for0.71% against
Against: promoters 0.00% · institutions 2.50% · other public 0.02%
Turnout: all 37.77% · promoters 89.77% · institutions 65.74% · other public 11.59%
- To approve the appointment of M/s. Mukund M Chitale & Co. Chartered Accountants (Firm Registration Number 106655W) as Statutory Auditors of the BankOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 37.77% · promoters 89.77% · institutions 65.74% · other public 11.59%
- To re-appoint Mr. John Arunkumar Diaz (DIN: 00493304) as an Independent Director of the BankSpecial96.39% for3.61% against
Against: promoters 0.00% · institutions 12.83% · other public 0.02%
Turnout: all 37.74% · promoters 89.77% · institutions 65.74% · other public 11.55%
- To approve the Remuneration Payable to Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer of the Bank for the Financial Year 2024-25SpecialPromoters have an interest in it99.76% for0.24% against
Against: promoters 0.00% · institutions 0.00% · other public 1.09%
Turnout: all 32.73% · promoters 67.19% · institutions 65.74% · other public 11.59%
- To approve the proposed modifications in the Suryoday ESOP Scheme 2019Special87.66% for12.34% against
Against: promoters 0.00% · institutions 43.22% · other public 1.05%
Turnout: all 37.77% · promoters 89.77% · institutions 65.74% · other public 11.59%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Jul 2024, 1 resolution
The company's voting result (opens in a new tab)
- To approve the appointment of Mr. Deepak Kumar Sharma (DIN:10575402) as an Independent Director of the BankSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 34.67% · promoters 100.00% · institutions 46.22% · other public 5.77%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 28 Apr 2024, 4 resolutions
The company's voting result (opens in a new tab)
- To take note of the appointment of Mr. Krishna Prasad Nair (DIN: 02611496), Independent Director, as Non-Executive Part-Time Chairman of the Bank.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 35.99% · promoters 77.55% · institutions 73.58% · other public 6.08%
- To approve the appointment of Mrs. Swati Datye (DIN: 06751552) as an Independent Director of the Bank.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 35.99% · promoters 77.55% · institutions 73.58% · other public 6.08%
- To approve the appointment of Mr. Hemant Premchand Shah (DIN: 10548728) as a Director of the Bank.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 35.99% · promoters 77.55% · institutions 73.58% · other public 6.08%
To approve the appointment of Mr. Hemant Premchand Shah (DIN: 10548728) as Whole-time Director, designated as Executive Director and Key Managerial Personnel of the Bank, on the terms and conditions, including the remuneration, as approved by the Reserve Bank of India.MoreLess
Ordinary99.59% for0.41% againstAgainst: promoters 0.00% · institutions 0.96% · other public 0.07%
Turnout: all 35.99% · promoters 77.55% · institutions 73.58% · other public 6.08%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 8 Jun 2026, 2 fund houses
To approve the appointment of Mr. Sunil Satyapal Gulati (DIN: 00016990) as an Independent Director of the Bank, to hold office for a period of Five (5) consecutive years effective from March 12, 2026 to March 11, 2031 (both days inclusive)MoreLess
2 for0 againstTo approve the appointment of Mr. Alok Sethi (DIN: 00277481) as an Independent Director of the Bank, to hold office for a period of Five (5) consecutive years effective from March 12, 2026 to March 11, 2031 (both days inclusive)MoreLess
2 for0 against
Mutual fund votes, meeting of 28 Feb 2026, 2 fund houses
To consider and approve raising of funds for an aggregate amount not exceeding Rs. 1,000 Crore (Rupees One Thousand Crore Only) through issue of Equity Shares, equity linked securities, warrants, and/or any other eligible securities by way of Preferential Allotment, Qualified Institutions Placement (“QIP”) or Private Placement or through Rights issue or any other permissible mode(s) and/or combination thereof.MoreLess
Against Axis Mutual Fund, Bandhan Mutual Fund
- Axis Mutual FundThe bank is seeking an enabling approval to raise funds through equity linked instruments to maintain CRAR well above 20%, enhance liquidity, strengthen the bank’s ability to manage unforeseen contingencies, support future growth, capitalize on emerging opportunities, and ensure continued regulatory compliance. At the closing market price of Rs. 134.6 per share on 5 February 2026, the bank will have to issue ~74.3 mn shares which will lead to an overall dilution of ~41.1% on the expanded capital base. As on 31 December 2025, the bank’s CRAR is 21.9% and Tier I CRAR is 21.0% respectively, both well above the regulatory requirements of 15% and 7.50%, respectively. While we recognize the bank requires growth capital given the nature of business, the dilution is high and beyond a reasonable threshold of 20%. Further, we note as per the Q3FY26 earnings call, the management has stated that it does not plan to raise capital in the near future and the proposed approval is enabling in nature. We do not support the resolution due to the very high dilution potential.
- Bandhan Mutual FundCompliant with law. Governance concern: Significant dilution as a consequence of the enabling resolution and there exists adequate buffer between CRAR/Tier 1 capital levels and minimum regulatory requirements. Further, without specific details as to who the incoming investors will be, the dilution is significant and excessive.
0 for2 againstTo consider and approve the re-appointment of Mr. Krishna Prasad Nair (DIN: 02611496) as a Non-Executive Independent Director on the Board of the Bank, post completion of his first term on July 21, 2026, for further period of 3 years.MoreLess
2 for0 against
5 earlier meetings
Mutual fund votes, meeting of 11 Sep 2025, 2 fund houses
- To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended March 31, 2025, and the Reports of the Board of Directors and the Auditors thereon.2 for0 against
- To approve the appointment of Mr. Ranjit Jayant Shah (DIN: 00088405) as a Director, who retires by rotation, and being eligible, offers himself for re-appointment2 for0 against
To approve the appointment of M/s. Gokhale & Sathe, Chartered Accountants (Firm Registration Number 103264W), as one of the Joint Statutory Auditors of the Bank [along with existing Statutory Auditors, M/s. Mukund M. Chitale & Co., Chartered Accountants, (Firm Registration No. 106655W), both the Auditors to be termed as ‘Joint Statutory Auditors’], and fixation of the remuneration payable to the Joint Statutory AuditorsMoreLess
2 for0 againstTo approve the appointment and remuneration payable to M/s. Tushar Shridharani & Associates LLP, Practising Company Secretaries (LLPIN - ACL-9350 | Unique Code: L2025MH018100) as Secretarial Auditors of the BankMoreLess
2 for0 against- To approve the re-appointment of Mr. Baskar Babu Ramachandran (DIN: 02303132) as Managing Director & Chief Executive Officer of the Bank2 for0 against
- To approve the Remuneration Payable to Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer of the Bank for the Financial Year 2025-262 for0 against
- To approve the Remuneration Payable to Mr. Hemant Premchand Shah (DIN: 10548728), Whole-time Director (Executive Director) of the Bank for the Financial Year 2025-262 for0 against
Mutual fund votes, meeting of 15 Apr 2025, 1 fund house
- To approve the appointment of Mr. Vivek Anant Karve (DIN: 06840707) as an Independent Director of the Bank1 for0 against
Mutual fund votes, meeting of 12 Sep 2024, 2 fund houses
- To consider and adopt the Audited Financial Statements of the Bank for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon2 for0 against
- To appoint Mr. Ranjit Jayant Shah (DIN: 00088405) as a Director, who retires by rotation, and being eligible, offers himself for re-appointment2 for0 against
- To approve the appointment of M/s. Mukund M Chitale & Co. Chartered Accountants (Firm Registration Number 106655W) as Statutory Auditors of the Bank2 for0 against
- To re-appoint Mr. John Arunkumar Diaz (DIN: 00493304) as an Independent Director of the Bank
Against Axis Mutual Fund
- Axis Mutual FundJohn Arunkumar Diaz, 73, is advisor at Aavishkaar Venture Management Services Pvt Ltd. He has attended all ten board meetings held in FY24. He was on the board of the Suryodyay SFB as nominee director from July 2009 to July 2016 and again from March 2017 to August 2018. He was appointed as independent director on the board of the bank from December 2019. We consider him non-independent given his long association (of over 10 years) with the bank and do not support the reappointment as Independent Director. If the bank believes that it will benefit from him serving on the board, it must reappoint him as Non-Executive Non-Independent Director.
1 for1 against - To approve the Remuneration Payable to Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer of the Bank for the Financial Year 2024-252 for0 against
- To approve the proposed modifications in the Suryoday ESOP Scheme 2019
Against Axis Mutual Fund
- Axis Mutual FundThe bank has an existing ESOP Scheme – Suryoday ESOP Scheme 2019, under which upto 4.0 mn stock options can be issued. The proposed amendments to ESOP 2019 allow adding 4.0 mn stock options. After adding 4.0 mn options in ESOP 2019, total pool size of options in ESOP 2019 will be 8.0 mn options and the overall dilution of the scheme will be 3.8% on the expanded capital base. In addition to above the bank also modifying the Clause Nos. 1.2, 2.1(l), 2.1(bb), 3.1, 7.1, 8.2, 8.3, 8.5, 8.7, 12.3 and 12.4 of the Scheme which will not be prejudicial to the interests of the shareholders except Clause No. 2.1(l) regarding exercise price of the options grant. Earlier the exercise price is at fair market value as determined by an independent valuer and after proposed amendment the exercise price will be as determined by Nomination and Remuneration Committee (NRC). It is unclear if the vesting of options is purely time based or performance based - performance metrics have not been disclosed. The exercise price per option will be as determined by NRC. If the stock options are granted at a significant discount, there is no alignment between the interests of investors and those of employees. We are unable to support the resolution
1 for1 against
Mutual fund votes, meeting of 8 Jul 2024, 2 fund houses
- To approve the appointment of Mr. Deepak Kumar Sharma (DIN:10575402) as an Independent Director of the Bank2 for0 against
Mutual fund votes, meeting of 28 Apr 2024, 2 fund houses
- To take note of the appointment of Mr. Krishna Prasad Nair (DIN: 02611496), Independent Director, as Non-Executive Part-Time Chairman of the Bank.2 for0 against
- To approve the appointment of Mrs. Swati Datye (DIN: 06751552) as an Independent Director of the Bank.2 for0 against
- To approve the appointment of Mr. Hemant Premchand Shah (DIN: 10548728) as a Director of the Bank.2 for0 against
To approve the appointment of Mr. Hemant Premchand Shah (DIN: 10548728) as Whole-time Director, designated as Executive Director and Key Managerial Personnel of the Bank, on the terms and conditions, including the remuneration, as approved by the Reserve Bank of India.MoreLess
2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeCommissioner of Service Tax Chennai-IISince 14 Jun 2016FY 2009-10 to FY 2011-12: CESTAT, Chennai pronounced its order on 21 September 2026. The appeal was decided in favor of the Bank and the service tax demand has been dropped.At the filing before: The hearing before CESTAT, Chennai was held on 26 March 2026. The order is awaited for FY 2009–10 to FY 2011–12.
- Tax disputeAsst. Commissioner of GST and Central Excise ( Tamil Nadu )Since 28 Feb 2025FY 2020-21: The matter was re-heard by the Commissioner of GST & Central Excise (Appeals) on 9 September 2026. The appellate order is awaited.At the filing before: The hearing before the Commissioner of GST & Central Excise (Appeals) was held on 9 February 2026. The order is awaited. (FY 2020–21)
- Tax disputeDeputy Commissioner of Income Tax, Circle - 15(3)(2) MumbaiSince 19 Dec 2016Order received from ITAT. Pending with Assessing Officer for AY 2014-2015 to give the effect.
- Tax disputeDeputy Commissioner of Income Tax, Circle - 15(3)(2) MumbaiSince 28 Dec 2019Appeal filed with CIT (A) on 24th January,2020 for AY 2017-18 for which hearing is awaited.
- Tax disputeCentralized Processing Center ( CPC )Since 29 Nov 2022
1) Assessing Officer has issued closure order dated 29th September,2025 to giving effect to the Order of CIT (A) in relation to an item relating to AY 2021-22 and refund amount as per said order was received on 25th November,2025. 2) Hearing in relation to another matter relating to AY 2021-22 held with Assessing Officer on 10th December,2025 to conclude the matter which was remanded back by ITAT vide its order dated 14th August, 2025. Closure order is awaited from Assessing Officer.MoreLess
- Tax disputeTDS Circle 2(2), MumbaiSince 22 Aug 2024Responses have been submitted on 16th September 2024 and 11th November,2024 For AY 2023-24
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.