The main objects as contained in our Memorandum of Association enable our Bank to carry on the business presently
being carried out and proposed to be carried out by it.

Amendments to the Memorandum of Association

Set out below are the amendments to our Memorandum of Association in the last 10 years:

 

Date of Shareholder’s
resolution/ Effective date

Particulars

 

July 27, 2020

Clause V of the Memorandum of Association was amended to reflect increase in the
existing authorized share capital of our Bank from 21,000,000,000 comprising 100,000,000
Equity Shares of face value = 10 each to 21,250,000,000 comprising 125,000,000 Equity
Shares of face value = 10 each.

 

August 30, 2018

Clause V of the Memorandum of Association was amended to reflect increase in the
existing authorized share capital of our Bank from 750,000,000 comprising 75,000,000
Equity Shares of face value 210 each to 21,000,000,000 comprising 100,000,000 Equity
Shares of face value = 10 each.

 

September 22, 2016

Clause I of the Memorandum of Association was amended to reflect the change in name of
our Bank from ‘Suryoday Micro Finance Limited’ to ‘Suryoday Small Finance Bank
Limited’, pursuant to conversion of our Bank to an SFB.

 

April 15, 2016

Clause V of the Memorandum of Association was amended to reflect increase in the
existing authorized share capital of our Bank from %500,000,000 comprising 50,000,000
Equity Shares of face value = 10 each to %750,000,000 comprising 75,000,000 Equity
Shares of face value = 10 each.

 

May 14, 2015

Clause I of the Memorandum of Association was amended to reflect the change in name of
our Bank from ‘Suryoday Micro Finance Private Limited’ to ‘Suryoday Micro Finance
Limited’, upon conversion of our Bank from a private limited company to a public limited
company.

 

August 18, 2014

Clause V of the Memorandum of Association was amended to reflect increase in the
existing authorized share capital of our Bank from %350,000,000 comprising 35,000,000
Equity Shares of face value = 10 each to %500,000,000 comprising 50,000,000 Equity
Shares of face value = 10 each.

 

March 3, 2014

Clause II of the Memorandum of Association was substituted to incorporate the shift of the
registered office from the State of Tamil Nadu to the State of Maharashtra within the
jurisdiction of the Registrar of Companies, Mumbai.

 

August 26, 2013

Clause III(B)(20) of the Memorandum of Association was substituted with the following
new clause, namely,

“20. To amalgamate or enter into any arrangement other than partnership, as may be
permissible under applicable laws, for sharing of profits, union of interests, co-operation,
joint venture or reciprocal concession, or for limiting competition with any person, firm or
body corporate, whether in India or outside, carrying on or engaged in, or about to carry
on or which can be carried on in conjunction therewith or which is capable of being
conducted so as to directly or indirectly benefit the company and further to enter into any
arrangement other than partnership, as may be permissible under applicable laws, with
any person, association or body corporate whether in India or outside, and to undertake
any activity, as may be permissible under applicable laws, for such other purposes, that
may seem calculated to be beneficial and conducive to the objects of the company.”

 

December 17, 2012

 

 

Clause V of the Memorandum of Association was amended to reflect increase in the
existing authorized share capital of our Bank from %200,000,000 comprising 20,000,000
Equity Shares of face value = 10 each to %350,000,000 comprising 35,000,000 Equity
Shares of face value = 10 each.

 

Major events and milestones of our Bank

The table below sets forth some of the key events in the history of our Bank:

183

 
