REG - Axis Bank Ltd - APPOINTMENT OF CH S. S. MALLIKARJUNARAO

Axis BankAnnouncement

24/01/2023 07:00

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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
(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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