REG - Axis Bank Ltd Axis Bank Ltd (144A) - Appointment of Whole Time Director

Axis BankAnnouncement

28/04/2023 11:30

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RNS Number : 8960X  Axis Bank Limited  28 April 2023

AXIS/CO/CS/57/2023-24

 

April 28, 2023

 

Dear Sir(s),

 

SUB.: APPOINTMENT OF WHOLE-TIME DIRECTOR

 

REF.:  DISCLOSURE UNDER REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF
INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

 

This is to inform you 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. April 28, 2023, has approved the
appointment of Subrat Mohanty (DIN: 08679444) as a Whole-time Director,
designated as "Executive Director" of the Bank (including his terms and
conditions and remuneration), effective from (i) May 1, 2023; or (ii) the date
of approval of his appointment by Reserve Bank of India ("RBI"), whichever is
later.

 

The above appointment is for a period of 3 (three) years and is subject to
approval of the shareholders of the Bank and RBI. Subrat Mohanty would be
liable to retire by rotation.

 

The brief profile of Subrat Mohanty is attached herewith as Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/8960X_1-2023-4-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8960X_1-2023-4-28.pdf)

 

Please note that Subrat Mohanty is not related to any other Director or Key
Managerial Personnel of the Bank. He has not been debarred from holding the
office of a Director by virtue of any order passed by SEBI or any other
regulatory/ statutory authority.

 

This is for your information and records.

 

Thanking You.

 

With warm regards,

For Axis Bank Limited

 

 

 

 

 

Sandeep Poddar

Company Secretary

 

Cc: London Stock Exchange

       Singapore Stock Exchange

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