For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231026:nRSZ4411Ra&default-theme=true
RNS Number : 4411R Axis Bank Limited 26 October 2023
AXIS/CO/CS/391/2023-24
October 26, 2023
Dear Sir(s),
REF.: DISCLOSURE UNDER REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF
INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
SUB.: CESSATION OF TENURE OF RAKESH MAKHIJA, AS INDEPENDENT DIRECTOR AND AS
NON-EXECUTIVE (PART-TIME) CHAIRMAN OF AXIS BANK LIMITED (THE "BANK")
This is to inform you that Rakesh Makhija (DIN: 00117692), Independent
Director and Non-Executive (Part-time) Chairman of the Bank has ceased to be
the Chairman and a member of the Board of Directors (the Board) of the Bank,
with effect from the close of business hours on Thursday, October 26, 2023,
upon completion of his tenure, under the provisions of the Banking Regulation
Act, 1949.
The Board and entire management team acknowledges the invaluable contributions
rendered by Rakesh Makhija during his tenure as an Independent Director and
Non-Executive (Part-time) Chairman and place on record our deep appreciation
for his leadership and guidance as a Chairman of the Board.
We further wish to inform you that as intimated vide our letter dated July 27,
2023, N. S. Vishwanathan (DIN: 09568559), Independent Director is taking over
as the Non-Executive (Part-Time) Chairman of the Bank, for a period of three
years with effect from Friday, October 27, 2023.
You are requested to take note of the above and arrange to bring it to the
notice of all concerned.
Thanking You.
Yours Sincerely,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
CC: London Stock Exchange
Singapore Stock Exchange
http://www.rns-pdf.londonstockexchange.com/rns/4411R_1-2023-10-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4411R_1-2023-10-26.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 MSCNKABBBBDDBKB