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Axis Bank Limited's Board of Directors, at a meeting held on January 24, 2023, appointed CH S. S. Mallikarjunarao (DIN: 07667641) as an additional independent director. This appointment is for a period of four years, effective from February 1, 2023, up to January 31, 2027, subject to approval of shareholders.
| Date | 24 Jan 2023 |
| Time | 07:00:03 |
| Category | Board changes |
| ID | 6647N |
AXIS/CO/CS/521/2022-23
January 24, 2023
Dear Sir(s),
SUB: APPOINTMENT OF CH S. S. MALLIKARJUNARAO AS AN ADDITIONAL INDEPENDENT DIRECTOR OF AXIS BANK LIMITED ("BANK").
REF.: DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today i.e. Tuesday, January 24, 2023 has appointed CH S. S. Mallikarjunarao (DIN: 07667641) as an additional independent director of the Bank for a period of four years with effect from February 1, 2023 up to January 31, 2027 (both days inclusive), subject to approval of shareholders.
In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an independent director of the Bank.
CH S. S. Mallikarjunarao is not related to any of the Directors or Key Managerial Personnel of the Bank. Further, in line with the Stock Exchange Circular dated June 20, 2018, it is hereby confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
A brief profile CH S. S. Mallikarjunarao is enclosed as Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/6647N_1-2023-1-24.pdf
This is for your information and records.
Thanking You.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: as above