REG - Axis Bank Ltd Axis Bank Ltd (144A) - Outcome of Board Meeting

Axis BankAnnouncement

24/04/2025 14:30

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RNS Number : 1010G  Axis Bank Limited  24 April 2025

AXIS/CO/CS/27/2025-26

 

April 24, 2025

 

  Dear Sir/Madam,

 

 REF.:  DISCLOSURE UNDER REGULATIONS 30 and 51 OF THE SEBI (LISTING OBLIGATIONS AND
        DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")
 SUB.:  OUTCOME OF BOARD MEETING

 

In reference to our letter no. AXIS/CO/CS/15/2025-26 dated April 15, 2025, and
pursuant to Regulations 30 and 51 and other applicable provisions of the SEBI
Listing Regulations, we hereby inform you that the Board of Directors of Axis
Bank Limited ("Bank") at its meeting held today, i.e., April 24, 2025, has:

(i)         Recommended a final dividend of Re. 1/- per equity share
(face value of Rs. 2/- each) i.e., 50% of the face value, for the financial
year ended March 31, 2025, subject to approval of the members of the Bank at
the ensuing 31(st) Annual General Meeting ("AGM") and applicable statutory
approval, if any. The dividend, if approved, will be paid within 30 days from
the date of conclusion of the AGM.

(ii)        Approved raising of funds by issuance of debt instruments
in Indian/Foreign currency including, but not limited to, long term bonds,
masala bonds, sustainable/ ESG Bonds (including green bonds),
optionally/compulsorily convertible debentures, non-convertible debentures,
perpetual debt instruments, AT 1 Bonds, Infrastructure Bonds and Tier II
Capital Bonds or such other debt securities as may be permitted under the RBI
guidelines from time to time, up to an amount of Rs. 35,000 crores (Rupees
thirty-five thousand crores only), in terms of Section 42 of the Companies
Act, 2013, the SEBI (Issue and Listing of Non-Convertible Securities)
Regulations, 2021 and the SEBI Listing Regulations, subject to approval of the
members of the Bank; and

(iii)       Approved raising of funds by issuance of equity shares/
depository receipts and/or any other instruments or securities representing
either equity shares and/or convertible securities linked to equity shares
including through Qualified Institutions Placement (QIP)/ American Depository
Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential
allotment or such other permissible mode or combinations thereof as may be
considered appropriate by the Board, up to an amount of  Rs. 20,000 crores
(Rupees twenty thousand crores only), in terms of applicable laws, subject to
approval of the members of the Bank and statutory/regulatory bodies, as
applicable.

(iv)       Approved increase in limit of the Bank upto an amount of Rs.
3,00,000 crores (Rupees three lakh crores only), for borrowings (apart from
deposits of money accepted from public in the ordinary course of its business,
temporary loans repayable on demand or within six months from the date of the
loan, if any, obtained from the Bank's bankers) in terms of Section 180 (1)
(c) of the Companies Act, 2013 and Article 54 of the Articles of Association
of the Bank, subject to approval of the members of the Bank and
statutory/regulatory bodies, as applicable.

 

The Board meeting commenced at 11:30 am (IST) and the aforesaid proposals were
approved at 3:40 pm (IST).

 

This is for your information and records.

 

http://www.rns-pdf.londonstockexchange.com/rns/1010G_1-2025-4-24.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1010G_1-2025-4-24.pdf)

Thanking You.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

CC:

London Stock Exchange

Singapore Stock Exchange

 

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