REG - Axis Bank Ltd Axis Bank Ltd (144A) - Amendment to Articles of Association

Axis BankAnnouncement

28/04/2023 15:45

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RNS Number : 9359X  Axis Bank Limited  28 April 2023

AXIS/CO/CS/59/2023-24

 

April 28, 2023

 

Dear Sir(s),

 

SUB:  Amendment to Articles of Association of Axis Bank Limited ("Bank")

 

We would like to inform you that in terms of the insertion of sub-regulation
(6) in Regulation 23 of the Securities and Exchange Board of India (Issue and
Listing of Non-convertible Securities) (Amendment) Regulations, 2023 ("ILNCS")
dated February 2, 2023, the issuer whose debt securities are listed as on that
date, shall amend its Articles of Association by September 30, 2023, to comply
with the provision of sub-regulation (6), as under:

 

"(6) If an issuer is a company, it shall ensure that its Articles of
Association require its Board of Directors to appoint the person nominated by
the debenture trustee(s) in terms of clause (e) of sub-regulation (1) of
regulation 15 of the Securities and Exchange Board of India (Debenture
Trustees) Regulations, 1993 as a director on its Board of Directors."

 

Accordingly, the Board of Directors of Axis Bank Limited ("Bank") at its
meeting held today, viz. April 28, 2023, approved amendment to the Articles of
Association of the Bank to include a clause relating to appointment of one
person nominated by the debenture trustee(s), only in case of events specified
under clause (e) of sub-regulation (1) of Regulation 15 of the Securities and
Exchange Board of India (Debenture Trustees) Regulations, 1993. Such amendment
is subject to approval of the shareholders of the Bank and Reserve Bank of
India.

 

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: as above

http://www.rns-pdf.londonstockexchange.com/rns/9359X_1-2023-4-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9359X_1-2023-4-28.pdf)

 

CC: London Stock Exchange

        Singapore Stock Exchange

 

 

 

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