REG - Axis Bank Ltd Axis Bank Ltd (144A) - Change in Directors

Axis BankAnnouncement

27/01/2021 14:35

RNS Number : 1023N
  
Axis Bank Limited
  
27 January 2021
  
 

AXIS/CO/CS/491/2020-21
 
27th January 2021
 
Dear Sir(s)


SUB.:  APPOINTMENT OF SMT. VASANTHA GOVINDAN AS AN ADDITIONAL NON-EXECUTIVE (NOMINEE) DIRECTOR OF AXIS BANK LIMITED ("BANK").
REF.:   REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
 
This is to inform you that the Board of Directors of the Bank at its meeting held today approved the appointment of  Smt. Vasantha Govindan as an Additional  Non-Executive (Nominee of The Specified Undertaking of Unit Trust of India (SUUTI), Promoter of the Bank]  Director of the Bank, with effect from Wednesday, 27th January 2021 to hold office as such up to the date of  the  ensuing  Annual  General  Meeting  of  the  Bank,  in  terms  of Sections  152  and   161  of the Companies Act, 2013 read with relevant Rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements)  Regulations, 2015. During her tenure as the Non-Executive (Nominee) Director of the Bank, Smt. Vasantha Govindan shall be liable to retire by rotation, in terms of Section 152 of the Companies Act, 2013 read with Rules made thereunder.
 
The brief profile of the Smt. Vasantha Govindan is enclosed herewith as Annexure A.
 
Further, please note that Smt. Vasantha Govindan is not related to any other Directors or Key Managerial Personnel of the Bank. She is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.  
 
You  are requested  to  take  note  of above  and  arrange  to bring  it  to  the  notice  of  all concerned.
Thanking You. 
Yours Sincerely,
For Axis Bank Limited
 
 
 
Girish V. Koliyote 
Company Secretary 
Encl: as above

 

Annexure A
 
Smt. Vasantha Govindan, aged 42 years is currently the CEO of The Specified Undertaking of the Unit Trust of India (SUUTI), a Government of India entity. 
 
She holds a degree in Commerce from the University of Bangalore and holds a MBA degree in Finance from T.A. Pai Management Institute, Manipal.
 
She has been working with SUUTI since the year 2001 and has held various administrative positions and was appointed as the CEO of SUUTI in the year 2018 and has more than two decades of professional experience in the areas of Investment Management, Risk Management and General Management.
 
She has held leadership and governance positions in many private and public companies over the years. She has worked in diverse fields and has been on the Board of several companies and has helped these entities in navigating their growth journey with improved corporate governance standards. A large part of her work profile also includes interacting with different stakeholders and the Government of India.
 
Her current responsibilities in SUUTI includes formulating the Investment Strategy and ensuring that investment management and other operations are conducted with a high degree of professionalism. She has managed the large investment portfolio of SUUTI across various sectors. 

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