Board meeting on 22 October 2026 to consider raising funds via Non-Convertible Debentures (Tier II Bonds)
Prior intimation: Board of Directors meets on Thursday, October 22, 2026 at Navi Mumbai.
By ScoutQuest · · 1 min read
- Board Meeting Date
- Thursday, October 22, 2026
- Meeting Venue
- Navi Mumbai
- Board Agenda
- to consider and approve raising funds by issuing Non-Convertible Debentures (Tier II Bonds) on a private placement basis
What was announced
Suryoday Small Finance Bank has given prior intimation that its Board of Directors will meet on Thursday, October 22, 2026 at Navi Mumbai. Among the items on the agenda is a proposal to raise funds by way of issuance of Non-Convertible Debentures (Tier II Bonds) on a private placement basis, subject to such approvals, consents and permissions as may be required.
What the instruments are
- Non-Convertible Debentures are debt instruments that cannot be converted into equity shares; they are repaid according to the terms of the issue.
- The update describes the proposed instruments as Tier II Bonds.
- A private placement means the bonds are issued to select investors rather than offered to the public at large.
How to read it
- The proposal is to be considered and approved by the board at the meeting.
- A debt issue is borrowed money rather than fresh equity, so it does not dilute existing shareholding.
- The intimation is a scheduling notice; the board's decision and the terms of any issue would follow the meeting.
The broader context
- The bank operates as a small finance bank, and the update identifies the proposed instruments specifically as Tier II Bonds.
- The fundraise remains a proposal until the board considers and approves it, and it is subject to such approvals, consents and permissions as may be required.
What to watch
- The outcome of the board meeting and the details of the proposal as and when disclosed.
Also from Suryoday Small Finance Bank
Board approves raising up to Rs. 100 crore via Lower Tier II non-convertible debentures
23 Oct 2026
RBI accords approval for variable pay FY 2025-26 and fixed remuneration FY 2026-27 for MD & CEO, Whole-time Director
15 Oct 2026
Suryoday Small Finance Bank to host Q2 & H1FY27 earnings call with analysts on October 30, 2026
14 Oct 2026
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