Axis Bank Ltd Axis Bank Ltd (AXBA) - Update
AXIS/CO/CS/____/2026-27
September 23, 2026
National Stock Exchange of India Limited
Exchange Plaza,
Plot No. C/1, "G" Block
Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051
NSE Symbol: AXISBANK
BSE Limited
P. J. Towers,
Dalal Street
Fort, Mumbai - 400 001
BSE Scrip Code: 532215
Dear Sir/Madam,
REF.: DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")
SUB: APPOINTMENT OF ARVIND SUBRAMANIAN AS AN ADDITIONAL INDEPENDENT DIRECTOR OF AXIS BANK LIMITED ("BANK")
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has today appointed Arvind Subramanian (DIN: 02551935) as an additional independent director of the Bank for a period of four years with effect from September 23, 2026 up to September 22, 2030 (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.
Arvind Subramanian is not related to any of the Directors or Key Managerial Personnel of the Bank.
Please note that Arvind Subramanian is not debarred from holding the office of director by virtue of any order of SEBI or any other statutory authority.
The details required pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/9487V_1-2026-9-23.pdf
Thanking you,
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl: as above
CC: London Stock Exchange
Singapore Stock Exchange
Annexure A
Sr No.
Particulars
Arvind Subramanian
1
Reason for change
Appointed as additional independent director of the Bank.
2
Date of appointment/ cessation and term of appointment
Four years with effect from September 23, 2026 up to September 22, 2030 (both days inclusive).
3
Disclosure of relationship
between directors
Arvind Subramanian is not related to any other directors of the Bank.
4
Brief Profile
Arvind Subramanian, age 53 years, has over three decades of experience across strategy consulting, operating leadership, and enterprise growth. His career spans business services, technology, industrials, consumer, and real estate, giving him a broad perspective on how organisations create value, adapt to disruption and sustain competitive advantage. He currently serves as Executive Vice President and Managing Director at Iron Mountain India Pvt. Ltd., where he leads the company's India business and has global responsibility for Enterprise Strategy and Incubation.
He spent nearly fifteen years with Boston Consulting Group, spanning corporate strategy, digital transformation, growth agendas, organisation design, and large-scale change across multiple industries and as Managing Director & Partner, he led the Technology, Media & Telecommunications practice in India. He was also Managing Director & CEO of Mahindra Lifespace Developers Limited, a listed company within the Mahindra Group.
Arvind has a B. Tech degree in Electrical & Electronics Engineering from the Indian Institute of Technology, Madras and a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCEALNDASPKEEA
