HISTORY AND CERTAIN CORPORATE MATTERS
Brief history of our Bank

Our Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private
limited company under the Companies Act, 1956 pursuant to the certificate of incorporation dated November 10, 2008
issued by the Assistant Registrar of Companies, Tamil Nadu, Andaman and Nicobar Islands at Chennai. Subsequently,
our Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance
Limited, and a fresh certificate of incorporation dated June 16, 2015 was issued by the RoC. Our Bank was granted the
in-principle and final approval to establish an SFB by the RBI, pursuant to its letters dated October 7, 2015 and August
26, 2016, respectively. Pursuant to our Bank being established as an SFB, the name of our Bank was changed to Suryoday
Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on January 13, 2017. Our
Bank commenced its business with effect from January 23, 2017 and was included in the second schedule to the RBI Act
pursuant to a notification dated July 24, 2017 issued by the RBI and published in the Gazette of India on September 2,
2017.

Changes in the Registered Office

Except as disclosed below, there has been no change in the registered office of our Bank since the date of incorporation.

 

Date of change Details of change in the Registered Reasons for change
Office

 

September 12, 2013 | The registered office of our Bank was | Administrative and operational convenience
shifted from III Floor, Park View Apts,
9/6-16, Park View Road, United India
Colony, Kodambakkam, Chennai 600
024 to No. 6, C.S. Towers, 3" Floor,
34/76, Bazullah Road, T.Nagar, Chennai
600 017

January 21, 2015 The registered office of our Bank was | As the corporate office was already situated in
shifted from No. 6, C.S. Towers, 3™ | Mumbai, Maharashtra with requisite infrastructure
Floor, 34/76, Bazullah Road, T.Nagar, | and managerial capabilities, the registered office
Chennai — 600 017 to Unit No. 1101, | was shifted to Mumbai, Maharashtra in view of
Sharda Terraces, Plot 65, Sector 11,CBD | administrative convenience, cost effectiveness,
Belapur, Navi Mumbai — 400 614 growth potential and the existing opportunities. It
enabled the Bank to carry on its business more
economically, efficiently and attain its main
purpose by improved means.

 

 

 

 

 

 

Main objects of our Bank
The main objects contained in our Memorandum of Association are as follows:
“The objects to be pursued by the Company on its incorporation are:

To the extent permissible under the Companies Act, 2013, Banking Regulation Act, 1949 and Reserve Bank of India Act,
1934, Reserve Bank of India Guidelines for Licensing of “Small Finance Banks” in the Private Sector dated November
27, 2014, read with the Clarifications to Queries on Guidelines for Licensing of Small Finance Banks in the Private
Sector dated January 1, 2015 and any other law applicable to the Company for the time being in force:

(1) To establish and carry on the business of banking in any part of India or outside India.

(2) To undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections
including small business units, small and marginal farmers, micro and small industries and unorganised sector
entities, and to undertake non-risk sharing simple financial services activities such as distribution of mutual fund
units, insurance products, pension products, etc. and become a Category II Authorised Dealer in foreign exchange
business.

(3) To carry on business of accepting deposits of money from the public, repayable on demand or otherwise, and
withdrawable by cheque, draft, order or otherwise.”

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