AXIS/CO/CS/438/2022-23

December 8, 2022

Dear Sir/ Ma'am,

SUB.:  OUTCOME OF BOARD MEETING

In terms of provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform 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. on December 8, 2022 has approved the following:

1.   Adoption of the 'Axis Bank Employees Stock Unit Scheme 2022' (the "Scheme"), in accordance with the Securities and Exchange Board of India (Share Based Employee Benefit and Sweat Equity) Regulations, 2021, as amended ("SEBI (SBEB & SE) Regulations, 2021"), subject to approval of the members of the Bank.  Information as required under circular bearing reference number CIR/CFD/CMD/4/2015 dated September 9, 2015 issued by the Securities and Exchange Board of India, is attached as Annexure A hereto.

2.    Amendment to the existing 'Axis Bank Employees Stock Option Scheme 2000-01' to cover the employees of the associate companies which is subject to approval of the members of the Bank. Further, certain other clauses of the Scheme have been amended/rearranged to provide better clarity and remove duplication.

This is for your information and records.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/1064J_1-2022-12-8.pdf

Encl: As above