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

Axis BankAnnouncement

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RNS Number : 0655M  Axis Bank Limited  18 December 2025

AXIS/CO/CS/496/2025-26

 

December 18, 2025

 

 

Dear Sir/Madam,

 

SUB.: APPOINTMENT OF MALAVIKA R. HARITA 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 at its meeting held on December 18, 2025, has appointed Malavika R.
Harita (DIN: 09005600) as an additional independent director of the Bank for a
period of four years with effect from December 18, 2025 up to December 17,
2029 (both days inclusive), subject to approval of shareholders.

 

In terms of Section 149(13) of the Companies Act, 2013, she shall not be
liable to retire by rotation during her tenure as an independent director of
the Bank.

 

Malavika R. Harita 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 she is not debarred from holding
the office of director by virtue of any SEBI order or any other such
authority.

 

Please note that the Board Meeting commenced at 9.00 am and the said
appointment was approved by the Board at 10.00 am.

 

The details required as per SEBI Master 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                                                                Malavika R. Harita
 i)       Reason for change                                                          Appointment
 ii)      Date of appointment/ re-appointment/ cessation & term of appointment/      For a period of four years with effect from December 18, 2025 up to December
          re-appointment                                                             17, 2029 (both days inclusive).
 iii)     Brief profile (in case of appointment)                                     Malavika R. Harita, age 67 years, has 43 years of experience in marketing,
                                                                                     communication, and entrepreneurship. She founded and led Saatchi & Saatchi
                                                                                     Focus in India as CEO for 25 years, managing a diverse portfolio of B2B, B2C,
                                                                                     B2E and Healthcare brands. She founded Brand Circle, her own consultancy firm
                                                                                     in 2018. She serves as a resident mentor at NSRCEL, IIM Bangalore. She
                                                                                     actively mentor's startups in both profit and non-profit sectors at NSRCEL and
                                                                                     other incubators nationwide. Additionally, she also holds position of
                                                                                     Chairperson for the Atal Innovation Mission at IIMV.

                                                                                     She serves on the Board of Governors of IIM Bangalore and IIM Visakhapatnam
                                                                                     and on the Governing Council of Mount Carmel College. She is the first woman
                                                                                     to win the Distinguished Alumni Award from IIM Bangalore and has a strong
                                                                                     passion for mentoring startups and women entrepreneurs. As a Communication
                                                                                     Evangelist, Brand Strategist, Teacher, and Corporate Trainer, she continues to
                                                                                     make significant contributions to the fields of marketing and education.

                                                                                     She is also an independent director on the Board of Symphony Limited.

                                                                                     She has a Bachelor's Degree in Physics, Chemistry, and Mathematics from
                                                                                     Bangalore University, Post Graduate Diploma in Management: IIM Bangalore (with
                                                                                     specialization in Marketing and Finance) and other postgraduate diplomas from
                                                                                     prestigious institutions like Columbia Business School and MIT Sloan School.
 iv)      Disclosure of relationship between directors (in case of appointment of a  Nil
          director)

 http://www.rns-pdf.londonstockexchange.com/rns/0655M_1-2025-12-18.pdf (http://www.rns-pdf.londonstockexchange.com/rns/0655M_1-2025-12-18.pdf)

 

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