REG - Axis Bank Ltd Axis Bank Ltd (144A) - Appointment of Additional Independent Director

Axis BankAnnouncement

20/10/2022 14:30

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RNS Number : 5988D  Axis Bank Limited  20 October 2022

 

AXIS/CO/CS/355/2022-23

 
 

October 20, 2022

 

Dear Sir(s),

 

SUB: APPOINTMENT OF P. N. PRASAD 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 in terms of
the applicable laws and based on the recommendations of the Nomination and
Remuneration Committee, the Board of Directors at its meeting held today i.e.
Thursday, October 20, 2022 has appointed P. N. Prasad as an Additional
Independent Director of the Bank for a period of four years with effect from
October 20, 2022 up to October 19, 2026 (both days inclusive), subject to
approval of shareholders.

 

In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable
to retire by rotation during his tenure as an Independent Director of the
Bank.

 

P. N. Prasad 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 he is not debarred from holding the
office of director by virtue of any SEBI order or any other such authority.

 

A brief profile P. N. Prasad is enclosed as Annexure A.

 

This is for your information and records.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

Encl: As above

http://www.rns-pdf.londonstockexchange.com/rns/5988D_1-2022-10-20.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5988D_1-2022-10-20.pdf)

 

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