Axis Bank Limited

Transaction in Own Shares • Oct 20, 2022

National Storage Mechanism | Additional information

RNS Number : 5988D

Axis Bank Limited

20 October 2022

AXIS/CO/CS/355/2022-23

October 20, 2022

Dear Sir(s),

SUB: APPOINTMENT OF P. N. PRASAD 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 in terms of the applicable laws and based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today i.e. Thursday, October 20, 2022 has appointed P. N. Prasad as an Additional Independent Director of the Bank for a period of four years with effect from October 20, 2022 up to October 19, 2026 (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.

P. N. Prasad 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 P. N. Prasad is enclosed as Annexure A.  

This is for your information and records.

Thanking you,

Yours Sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl: As above

http://www.rns-pdf.londonstockexchange.com/rns/5988D_1-2022-10-20.pdf

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