REG - Axis Bank Ltd Axis Bank Ltd (144A) - Post AGM intimation

Axis BankAnnouncement

25/07/2025 15:15

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RNS Number : 6644S  Axis Bank Limited  25 July 2025

AXIS/CO/CS/199/2025-26

 
 

July 25, 2025

 

 National Stock Exchange of India Limited  BSE Limited

 Exchange Plaza, 5(th) Floor               1(st) Floor,

 Plot No. C/1, "G" Block                   P. J. Towers,

 Bandra-Kurla Complex                      Dalal Street,

 Bandra (E), Mumbai - 400 051              Fort, Mumbai - 400 001

 NSE Symbol: AXISBANK                      BSE Scrip Code : 532215

 

Dear Sir(s),

 

SUB:   PROCEEDINGS OF THE 31(ST) ANNUAL GENERAL MEETING, SCRUTINIZER'S REPORT
AND VOTING RESULTS

 

REF:   INTIMATION UNDER REGULATIONS 30 AND 44 OF SEBI (LISTING OBLIGATIONS
AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")

 

We wish to inform you that the 31(st) Annual General Meeting (the "AGM") of
the members of Axis Bank Limited (the "Bank") was held today i.e., July 25,
2025, through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM")
wherein, the business(es) as mentioned in the Notice of AGM dated April 25,
2025 were transacted.

 

In this regard, we enclose the following:

 

1.   Summary of the proceedings of the AGM;

2.   Report of Scrutinizer dated July 25, 2025 issued by CS KVS Subramanyam,
Practising Company Secretary; and

3.   Combined e-voting results in the prescribed format.

 

This is for your information and records.

 

Thanking you.

 

Yours Sincerely,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As Above.

 

CC: London Stock Exchange

        Singapore Stock Exchange

 

 

Summary of the proceedings of the 31(st) Annual General Meeting ("AGM") of

the members of Axis Bank Limited ("Bank") held on Friday, July 25, 2025, at
10.00 am (IST).

 

 

Directors present:

 

 1.      N. S. Vishwanathan     -  Independent Director and Part-Time Chairman
 2.      Amitabh Chaudhry       -  Managing Director & CEO
 3.      Girish Paranjpe        -  Independent Director and Chairman of the Audit Committee
 4.      Meena Ganesh           -  Independent Director and Chairperson of the Nomination and Remuneration
                                   Committee
 5.      G. Padmanabhan         -  Independent Director
 6.      P. N. Prasad           -  Independent Director and Shareholder
 7.      CH SS Mallikarjunarao  -  Independent Director, Chairman of the Stakeholders Relationship Committee and
                                   Shareholder
 8.      Pranam Wahi            -  Independent Director
 9.      Mini Ipe               -  Non - Executive (Nominee) Director
 10.     Rajiv Anand            -  Deputy Managing Director and Shareholder
 11.     Subrat Mohanty         -  Executive Director and Shareholder
 12.     Munish Sharda          -  Executive Director

 

Officials present:

 

 1.      Puneet Sharma                    -  Chief Financial Officer and Shareholder
 2.      Sandeep Poddar                   -  Company Secretary and Shareholder

 

Others attending through VC:

 

1.   Sanjay Khemani, representative from M M Nissim & Co. LLP, Chartered
Accountants and Vinit Jain and Gautam Shah, representatives from KKC &
Associates LLP, Chartered Accountants, Joint Statutory Auditors.

2.   Manisha Maheshwari, representative from Bhandari & Associates,
Company Secretaries, Secretarial Auditor.

3.   CS KVS Subramanyam, Practicing Company Secretary, Scrutinizer for this
meeting.

4.   Total 175 members (including Directors and KMPs).

 

The requisite quorum being present, N. S. Vishwanathan, Chairman of the Board,
welcomed the members and commenced the proceedings of the meeting. He
thereafter, introduced the Directors of the Bank.

 

 

 

The members were informed that the AGM was being conducted through VC/OAVM, in
accordance with the applicable circulars issued by the Securities and Exchange
Board of India ("SEBI"), Ministry of Corporate Affairs ("MCA") and under the
applicable provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the Companies
Act, 2013 and the Rules made thereunder. The members were also informed that
the Integrated Annual Report and the Notice convening the AGM, the Audited
Financial Statements (Standalone and Consolidated) for the year ended March
31, 2025 along with the Boards' Report, the Auditors' Report and other
documents required to be attached thereto were sent through electronic mode to
those members who had registered their email address(es). Further, the Bank
has sent to those shareholders, at their latest available postal address, a
letter providing the QR code, web-link, including the exact path, where
complete details of the Integrated Annual Report and the Notice is available,
who have not registered their email address(es).

 

Sandeep Poddar, Company Secretary briefed the members on the process of
e-voting. He informed that the remote e-voting facility for the AGM was made
available from Monday, July 21, 2025, 9:00 am up to Thursday, July 24, 2025,
5:00 pm. The members were also informed that the e-voting facility was made
available during the meeting for members who had not cast their votes on the
resolutions through remote e-voting facility and the Scrutinizer will submit
his report after verification of the votes and the results will be declared,
as per the extant norms.

 

The Chairman then delivered his speech and provided insights on various areas,
such as  macro-economic environment, GPS strategy, financial performance for
fiscal 2025 and Q1 of fiscal 2026, digital capabilities, Bank's geographical
reach, corporate social responsibility & sustainability activities, ESG
strategy etc. He thereafter placed on record his gratitude to all the members
for having reposed their confidence in the Bank and continuing association.

 

Thereafter, he invited queries and questions from the members. The members of
the Bank raised queries on various subject matters such as dividend, financial
performance, customer service, branches, ATMs, non-performing assets, fraud
detection, cyber security, Gen AI, Citibank consumer business integration,
CSR, etc. Questions raised by the members, were appropriately responded to by
Amitabh Chaudhry, Managing Director & CEO of the Bank.

 

The e-voting facility was made available for 15 minutes from the conclusion of
the meeting.

 

The Chairman then announced the conclusion of the 31(st) Annual General
Meeting of the Bank at 12:20 pm.

 

The following businesses as set out in the Notice dated April 25, 2025,
convening this AGM were transacted through remote e-voting and e-voting during
the AGM:

 

Ordinary Businesses:

 

1.   Adoption of the

(a) audited standalone financial statements of the Bank, for the fiscal year
ended                 March 31, 2025 and the reports of the
Board of Directors and the Auditors thereon; and

(b) audited consolidated financial statements, for the fiscal year ended March
31, 2025 and the report of the Auditors thereon.

2.   Declaration of dividend on the equity shares for the fiscal year ended
March 31, 2025.

3.   Re-appointment of Mini Ipe (DIN: 07791184) as a director who retires by
rotation and being eligible, has offered herself for re-appointment.

 

Special Businesses:

 

4.   Appointment of M/s. Bhandari & Associates, Company Secretaries
(Firm Registration No. P1981MH043700), as the Secretarial Auditors of the
Bank.

5.   Revision in the remuneration payable to Amitabh Chaudhry (DIN:
00531120), Managing Director & CEO of the Bank, with effect from April 1,
2025.

6.   Revision in the remuneration payable to Subrat Mohanty (DIN: 08679444),
Executive Director of the Bank, with effect from April 1, 2025.

7.   Revision in the remuneration payable to Munish Sharda (DIN: 06796060),
Executive Director of the Bank, with effect from April 1, 2025.

8.   Enhancement of borrowing limit of the Bank up to Rs. 3,00,000 crores
under Section 180 (1)(c) of the Companies Act, 2013.

9.   Borrowing / raising of funds in Indian rupees / foreign currency, by
issue of debt securities on a private placement basis for an amount of up to
Rs. 35,000 crores.

10.  Raising of funds by issue of equity shares / depository receipts and /
or any other instruments or securities representing either equity shares and /
or convertible securities linked to equity shares for an amount of upto Rs.
20,000 crores.

11.  Material related party transactions with Life Insurance Corporation of
India (Promoter).

12.  Material related party transactions with LIC Housing Finance Limited
(Promoter group entity).

13.  Material related party transactions with IDBI Bank Limited (Promoter
group entity).

14.  Material related party transactions with Axis Max Life Insurance Limited
(Associate).

 

Based on the Scrutinizer's report dated July 25, 2025, issued by CS KVS
Subramanyam, Practising Company Secretary (membership no. FCS 5400 and
certificate of practice no. 4815), all the aforementioned resolutions as set
out in the notice of AGM dated April 25, 2025, have been passed by the members
with requisite majority.

http://www.rns-pdf.londonstockexchange.com/rns/6644S_1-2025-7-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6644S_1-2025-7-25.pdf)

 

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