REG - Axis Bank Ltd Axis Bank Ltd (144A) - Board Meeting Outcome - Dividend and Fund Raising

Axis BankAnnouncement

27/04/2023 12:45

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RNS Number : 7410X  Axis Bank Limited  27 April 2023

AXIS/CO/CS/53/2023-24
 

April 27, 2023

Dear Sir(s),

 

SUB: OUTCOME OF BOARD MEETING OF AXIS BANK LIMITED ("BANK") HELD ON APRIL 27,
2023

 

In terms of Regulation 30 and other applicable provisions of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, the Board of
Directors of Axis Bank Limited ("Bank") at its meeting held today, viz. April
27, 2023, has inter alia, transacted the following business:

 

(A) DIVIDEND

 

Recommended a final dividend of Re.1/- per equity share of face value of Rs.
2/- each (50%) for the financial year ended March 31, 2023, subject to
approval of the members of the Bank at the ensuing 29(th) Annual General
Meeting ("AGM"). The dividend, if approved by the members, will be paid on or
after five days from the date of conclusion of the ensuing AGM.

 

The AGM date and book closure date for the purpose of the payment of final
dividend will be announced in due course.

 

(B) BORROWING/FUND RAISINGS

 

Approved borrowing/raising of funds in Indian/Foreign currency by issue of
debt instruments including but not limited long term bonds, 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
RBI guidelines from time to time up to an amount of Rs. 35,000 crores (Rupees
thirty-five thousand crore 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 Obligations and Disclosure Requirements)
Regulations, 2015, subject to approval of the members of the Bank.

 

Please note that the board meeting commenced at 10.30 a.m. and the dividend
was approved by the Board of Directors at 3.55 p.m.

 

This is for your information and records.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

CC: London Stock Exchange

        Singapore Stock Exchange

http://www.rns-pdf.londonstockexchange.com/rns/7410X_1-2023-4-27.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7410X_1-2023-4-27.pdf)

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