Suryoday Small Finance Bank Limited has announced that Mr. Sandeep Arora, the Chief Product and Customer Experience Officer, has tendered his resignation, effective January 10, 2025. The resignation reflects Mr. Arora’s decision to pursue better career opportunities and growth prospects.

The disclosure has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related circulars to ensure transparency and adherence to governance norms.

Details of Resignation

1. Position: Chief Product and Customer Experience Officer
2. Reason for Resignation: Pursuing better prospects and career growth.
3. Effective Date: January 10, 2025.

This announcement was shared with both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), ensuring appropriate dissemination among stakeholders.

SEBI-Compliant Disclosure

The resignation disclosure adheres to the provisions outlined in:

• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
• SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Such stringent compliance reflects Suryoday Small Finance Bank’s commitment to maintaining corporate transparency and fulfilling its obligations under SEBI guidelines.

Impact on Suryoday Small Finance Bank

Mr. Arora’s departure leaves a significant vacancy in the Senior Management Team (SMP). His contributions to enhancing the product portfolio and improving the customer experience have been instrumental in driving the bank’s growth.

Commitment to Leadership Excellence

Suryoday Small Finance Bank is committed to ensuring seamless continuity in leadership. The bank will likely initiate a process to identify a successor who aligns with its vision of delivering innovative financial solutions and maintaining an exceptional customer experience.

About Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank, headquartered in Navi Mumbai, is recognized for its focus on inclusive banking and innovative product offerings. With a strong regulatory framework and customer-centric approach, the bank continues to solidify its reputation as a leader in the small finance banking sector.

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