REG - Axis Bank Ltd Axis Bank Ltd (144A) - Outcome of Board Meeting held on April 28, 2022

Axis BankAnnouncement

28/04/2022 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220428:nRSb7384Ja&default-theme=true

RNS Number : 7384J  Axis Bank Limited  28 April 2022

 

AXIS/CO/CS/44/2022-23

 
 

April 28, 2022

 

Dear Sir(s),

 

SUB: OUTCOME OF BOARD MEETING OF AXIS BANK LIMITED ("BANK") HELD ON APRIL 28,
2022

 

Further to our letter dated April 8, 2022, we would like to inform you that
the Board of Directors of Axis Bank Limited ("Bank") at its meeting held
today, viz. April 28, 2022, inter alia, transacted the following business:

 

(A) AUDITED FINANCIAL RESULTS

 

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, reviewed and approved the Audited Standalone
and Consolidated Financial Results of the Bank for the quarter and year ended
March 31, 2022.

 

A copy of said results along with press release, and the earnings presentation
are enclosed herewith for your information and records. The same are being
uploaded on the website of the Bank i.e. www.axisbank.com
(http://www.axisbank.com) .

 

The Audit Report issued by the Joint Statutory Auditors on the standalone and
consolidated financial results for the year ended March 31, 2022, is also
enclosed. We would like to confirm that the Joint Statutory Auditors of the
Bank, have issued Audit Report with 'Unmodified Opinion' on the standalone and
consolidated financial results of the Bank for the year ended March 31, 2022.

 

Please note that the board meeting commenced at 2.00 p.m. and the results were
reviewed and approved by the Board of Directors at 4.30 p.m.

 

(B) DIVIDEND

 

Recommended final dividend of Re. 1/- per equity share of face value of Rs.
2/- each for the financial year 2021-22, subject to approval of the members at
the ensuing 28(th) Annual General Meeting ("AGM"). The dividend, if approved
by the members, will be paid on or after five days from the date of conclusion
of the ensuing AGM.

 

The AGM date and book closure date for the purpose of the payment of final
dividend will be announced in due course.

 

(C) BORROWING/FUND RAISINGS

 

(i)      Approved increase in limit of the Bank upto an amount of Rs.
2,50,000 crore (Rupees two lakh fifty thousand crore only), for borrowings
(apart from deposits of money accepted from public in the ordinary course of
its business, temporary loans repayable on demand or within six months from
the date of the loan, if any, obtained from the Bank's bankers) in terms of
Section 180 (1)(c) of the Companies Act, 2013 and Article 54 of the Articles
of Association of the Bank, subject to the approval of the members of the
Bank.

 

(ii)     Authorized the Bank to borrow/ raise funds in Indian / Foreign
Currency by issue of debt Instruments including but not limited long term
bonds, non-convertible debentures, perpetual debt instruments, AT 1 Bonds,
infrastructure bonds and Tier II capital bonds or such other debt securities
as may be permitted under RBI guidelines from time to time up to an amount of
Rs. 35,000 crores (Rupees thirty five thousand crore only) in terms of Section
42 of the Companies Act, 2013, the SEBI (Issue and Listing of Non-Convertible
Securities) Regulations, 2021 and the Listing Regulations, subject to approval
of the members of the Bank.

 

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/7384J_1-2022-4-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7384J_1-2022-4-28.pdf)

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMIPMBTMTITBLT