Axis Bank Limited

Management Reports • Jan 24, 2023

National Storage Mechanism | Additional information

RNS Number : 6647N

Axis Bank Limited

24 January 2023

AXIS/CO/CS/521/2022-23

January 24, 2023

Dear Sir(s),

SUB:     APPOINTMENT OF CH S. S. MALLIKARJUNARAO AS AN ADDITIONAL INDEPENDENT DIRECTOR OF AXIS BANK LIMITED ("BANK").

REF.:   DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today i.e. Tuesday, January 24, 2023 has appointed CH S. S. Mallikarjunarao (DIN: 07667641) as an additional independent director of the Bank for a period of four years with effect from February 1, 2023 up to January 31, 2027 (both days inclusive), subject to approval of shareholders.

In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an independent director of the Bank.

CH S. S. Mallikarjunarao is not related to any of the Directors or Key Managerial Personnel of the Bank. Further, in line with the Stock Exchange Circular dated June 20, 2018, it is hereby confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

A brief profile CH S. S. Mallikarjunarao is enclosed as Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/6647N_1-2023-1-24.pdf

This is for your information and records.

Thanking You.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: as above

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