REG - Axis Bank Ltd - RESIGNATION OF SMT. USHA SANGWAN

Axis BankAnnouncement

12/12/2019 11:45

RNS Number : 6965W
Axis Bank Limited
12 December 2019
 


 
   AXIS/CO/CS/773/2019-20
 
  12th December 2019
 
  Dear Sir(s),
 
SUB:   RESIGNATION OF SMT. USHA SANGWAN, NON-EXECUTIVE DIRECTOR (NOMINEE OF LIC) OF THE BANK.
REF:   REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (SEBI LISTING REGULATIONS).   
 
This is to inform you that Life Insurance Corporation of India (LIC), Promoter of the Bank has informed today, that Smt. Usha Sangwan, its Nominee on the Board of the Bank, has tendered her resignation as a Nominee Director, on completion of 2 terms of 3 years each, as required under the Policy of LIC for its nominee directors. Accordingly, she has ceased to be the Director of the Bank, with effect from today, i.e. Thursday, 12th December 2019.
 
On behalf of all Employees and the Directors of the Bank, we would like to acknowledge the invaluable contributions rendered by Smt. Usha Sangwan during her tenure as a Non-Executive Director of the Bank and places on record its deep appreciation for the insightful perspectives and suggestions provided by her at the meetings of the Board/Committees of the Bank.
 
You are requested to take note of above and arrange to bring this to the notice of all concerned.
 
Thanking You,
 
Yours Sincerely,
 
For Axis Bank Limited
 
 
Girish V. Koliyote
Company Secretary




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCFLLFFKLFXFBD