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

Axis BankAnnouncement

31/01/2025 14:30

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RNS Number : 5115V  Axis Bank Limited  31 January 2025

AXIS/CO/CS/617/2024-25

 

January 31, 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)   Vineet Agrawal will be taking up another role within the Bank and
accordingly cease to be Chief Audit Executive and senior management of the
Bank, effective February 03, 2025.

 

b)   S. Bhaskar has been appointed as Chief Audit Executive of the Bank for
a period of three years with effect from February 03, 2025, up to February 02,
2028 (both days inclusive), in place of Vineet Agrawal.

 

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

 

 

Sandeep Poddar

Company Secretary

Encl: a/a

CC:  London Stock Exchange

Singapore Stock Exchange

 

Annexure A

 

 Sr. No.  Particulars                                                                S. Bhaskar                                                                       Vineet Agrawal
 i.       Reason for change                                                          Appointment as Chief Audit Executive of the Bank                                 Cessation as Chief Audit Executive of the Bank, upon movement to another role.
 ii.      Date of appointment/ re-appointment/ cessation & term of appointment/      Date of Appointment:                                                             Date of Cessation:

          re-appointment                                                             February 03, 2025                                                                Effective February 03, 2025

                                                                                     Term: 3 years with effect from February 03, 2025 up to February 02, 2028 (both
                                                                                     days inclusive).
 iii.     Brief profile (in case of appointment)                                     S. Bhaskar has more than 38 years of experience in leadership & management       NA
                                                                                     positions across consumer goods, chemicals, logistics and financial services.
                                                                                     Most recently, he served as the Chief Internal Auditor of Tata Capital Ltd.
                                                                                     providing leadership to the Internal Audit function at Tata Capital Ltd. &
                                                                                     its subsidiaries. He also had stints at Hindustan Lever Ltd. and The New India
                                                                                     Assurance Co. Ltd.

                                                                                     As a professional, S Bhaskar:

                                                                                     (i)   serves as a member of the Board of Trustees in the Global Internal
                                                                                     Audit Foundation of the IIA Inc;

                                                                                     (ii)  served as a member in the Audit Advisory Committee for United Nations
                                                                                     Office for Project Services for two terms (2016-2021);

                                                                                     (iii) served as a Member of CII's National Committee on Financial Reporting;
                                                                                     and

                                                                                     (iv) served on ASSOCHAM's National Council for Internal Audit and Risk
                                                                                     Management.
 iv.      Disclosure of relationship between directors (in case of appointment of a  NA                                                                               NA
          director)

 

http://www.rns-pdf.londonstockexchange.com/rns/5115V_1-2025-1-31.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5115V_1-2025-1-31.pdf)

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