REG - Axis Bank Ltd Axis Bank Ltd (144A) - Change in SMP

Axis BankAnnouncement

13/02/2025 13:00

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RNS Number : 0606X  Axis Bank Limited  13 February 2025

AXIS/CO/CS/639/2024-25

 

February 13, 2025

 

 

Dear Sir(s),

 

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

 

SUB.: CHANGES IN SENIOR MANAGEMENT OF AXIS BANK LIMITED ("the Bank").

 

Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to
inform the following changes in the senior management of the Bank:

 

a)   Owing to a personal crisis, S. Bhaskar, Chief Audit Executive of the
Bank, will have to be based outside India for an indefinite period and hence,
has resigned from the services of the Bank effective close of business hours
of February 13, 2025. A copy of his resignation letter as required under
Schedule III, Part A, Para A(7C) of the SEBI Listing Regulations is attached
as Annexure B.

 

b)   Bimal Bhattacharyya has been appointed as an interim Chief Audit
Executive of the Bank for a period of 6 (six) months with effect from February
14, 2025, up to August 13, 2025 (both days inclusive) or until permanent
appointment is made into the role of Chief Audit Executive of the Bank,
whichever is earlier.

 

The details required as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155
dated November 11, 2024, are enclosed as Annexure A.

 

This is for your information and records.

 

Thanking You.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

Puneet Sharma

Chief Financial Officer

 

Encl: a/a

CC:  London Stock Exchange

Singapore Stock Exchange

 

Annexure A

 

 Sr. No.  Particulars                                                                Bimal Bhattacharyya                                                              S. Bhaskar
 i.       Reason for change                                                          Appointment as an Interim Chief Audit Executive of the Bank.                     Resignation.
 ii.      Date of appointment/ re-appointment/ cessation & term of appointment/      Date of Appointment:                                                             Date of Cessation:

          re-appointment                                                             February 14, 2025                                                                Effective close of business hours of February 13, 2025.

                                                                                     Term: 6 (six) months with effect from February 14, 2025, up to August 13, 2025
                                                                                     (both days inclusive) or until permanent appointment is made into the role of
                                                                                     Chief Audit Executive of the Bank, whichever is earlier.
 iii.     Brief profile (in case of appointment)                                     Bimal Bhattacharyya has a career spanning over 30 years in the financial         NA
                                                                                     sectors in India & overseas, in building & driving businesses, as well
                                                                                     as managing compliance & control functions.

                                                                                     Bimal Bhattacharyya is presently heading the Subsidiary Governance Department
                                                                                     at Axis Bank. Previously, he served as the Chief Compliance Officer of Axis
                                                                                     Bank from June 14, 2021, up to June 13, 2024. He has previously also overseen
                                                                                     the Finance & Accounts Department, Central Payments Hub, Central
                                                                                     Procurement, Central Outsourcing team and Internal Financial Control (IFC). He
                                                                                     has worked with the working group of Reserve Bank of India for preparation of
                                                                                     draft guidelines for rollout of Ind AS for banks, during the period 2017-18,
                                                                                     which finally presented the report to the DG, RBI.
 iv.      Disclosure of relationship between directors (in case of appointment of a  NA                                                                               NA
          director)

 

Annexure B

 

Resignation letter of S Bhaskar

 

 

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