REG - Axis Bank Ltd - Outcome of Board Meeting held on December 8, 2022

Axis BankAnnouncement

08/12/2022 13:15

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RNS Number : 1064J  Axis Bank Limited  08 December 2022

 

 

AXIS/CO/CS/438/2022-23

 

December 8, 2022

 

Dear Sir/ Ma'am,

 

SUB.:  OUTCOME OF BOARD MEETING

 

In terms of provisions of Regulation 30 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended, this is to inform that, based on the recommendation of the
Nomination and Remuneration Committee, the Board of Directors of Axis Bank
Limited (the "Bank") at its meeting held today i.e. on December 8, 2022 has
approved the following:

 

1.   Adoption of the 'Axis Bank Employees Stock Unit Scheme 2022' (the
"Scheme"), in accordance with the Securities and Exchange Board of India
(Share Based Employee Benefit and Sweat Equity) Regulations, 2021, as amended
("SEBI (SBEB & SE) Regulations, 2021"), subject to approval of the members
of the Bank.  Information as required under circular bearing reference number
CIR/CFD/CMD/4/2015 dated September 9, 2015 issued by the Securities and
Exchange Board of India, is attached as Annexure A hereto.

 

2.    Amendment to the existing 'Axis Bank Employees Stock Option Scheme
2000-01' to cover the employees of the associate companies which is subject to
approval of the members of the Bank. Further, certain other clauses of the
Scheme have been amended/rearranged to provide better clarity and remove
duplication.

 

This is for your information and records.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/1064J_1-2022-12-8.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1064J_1-2022-12-8.pdf)

Encl: As above

 

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