REG - Axis Bank Ltd Axis Bank Ltd (144A) - Appointment of Additional Independent Director

Axis BankAnnouncement

14/02/2024 12:45

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RNS Number : 1523D  Axis Bank Limited  14 February 2024

AXIS/CO/CS/620/2023-24

 

February 14, 2024

 

Dear Sir(s),

 

SUB.:  APPOINTMENT OF PRANAM WAHI 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 vide their circular resolution passed on February 14, 2024, has
appointed Pranam Wahi

(DIN: 00031914) as an additional independent director of the Bank for a period
of four years with effect from February 15, 2024 up to February 14, 2028 (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.

 

Pranam Wahi 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 of Pranam Wahi is enclosed as Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/1523D_1-2024-2-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1523D_1-2024-2-14.pdf)

 

This is for your information and records.

 

Thanking You.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

 

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