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Life Insurance Corporation of India (LIC) nominated K. S. Giridhar as its Nominee Director on the Board of Axis Bank Limited. The Bank's Board then appointed K. S. Giridhar (DIN: 11849889) as an additional Non-Executive (Nominee) Director, effective August 14, 2026, replacing Mini Ipe whose nomination was withdrawn by LIC. This appointment is subject to shareholder approval.
| Date | 14 Aug 2026 |
| Time | 12:23:59 |
| Category | Board changes |
| ID | 7862Q |
AXIS/CO/CS/334/2026-27
August 14, 2026
|
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, "G" Block Bandra-Kurla Complex Bandra (E), Mumbai - 400 051
NSE Symbol: AXISBANK |
BSE Limited P. J. Towers, Dalal Street Fort, Mumbai - 400 001
BSE Scrip Code: 532215 |
Dear Sir/Madam,
REF.: DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")
SUB: APPOINTMENT OF K. S. GIRIDHAR AS NON-EXECUTIVE (NOMINEE) DIRECTOR
We refer to our letter no. AXIS/CO/CS/280/2026-27 dated July 29, 2026, intimating about the withdrawal of nomination of Mini Ipe as their nominee director by Life Insurance Corporation of India ("LIC"), promoter of the Bank.
We now wish to inform you that LIC, has nominated K. S. Giridhar as their Nominee Director on the Board of Directors of the Bank ("the Board") in place of Mini Ipe.
Accordingly, in terms of the applicable laws and based on the recommendation of the Nomination and Remuneration Committee, the Board has appointed K. S. Giridhar (DIN: 11849889) as an additional Non-Executive (Nominee) Director with effect from August 14, 2026, subject to approval of the shareholders of the Bank.
Please note that K. S. Giridhar is not debarred from holding the office of director by virtue of any order of SEBI or any other statutory authority.
The details required pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A.
Thanking you,
With warm regards,
For Axis Bank Limited
http://www.rns-pdf.londonstockexchange.com/rns/7862Q_1-2026-8-14.pdf
Sandeep Poddar
Company Secretary
CC: London Stock Exchange
Singapore Stock Exchange
Annexure A
|
Sr No. |
Particulars |
K. S. Giridhar |
|
1 |
Reason for change |
Appointed as additional Non-Executive (Nominee) Director of the Bank. |
|
2 |
Date of appointment/cessation and term of appointment |
August 14, 2026, liable to retire by rotation. He shall hold office for a term in accordance with the provisions of the applicable laws, or until his nomination is withdrawn by LIC, whichever is earlier. |
|
3 |
Disclosure of relationship between directors |
K. S. Giridhar is not related to any other directors or key managerial personnel of the Bank. |
|
4 |
Brief Profile |
K. S. Giridhar age 60 years is Executive Director (P & GS) of Life Insurance Corporation of India (LIC). He has over 35 years of experience at LIC, driving transformation across Group Business, Investments, Technology, Governance and Pension Solutions. He has vast experience in managing large-scale institutional businesses, investment portfolios, regulatory frameworks, and Government partnerships. Currently leading LIC's Group Business with Assets under Management (AUM) exceeding approx. ₹14 trillion, while serving on several enterprise-level governance and strategic committees.
At LIC, he has held various positions such as Executive Director - Investments (Monitoring & IT), Chief - Investment Debt Operations and Equity Research and Head - Group Business Marketing Operations etc.
He holds degree of Bachelor of Engineering and is a Fellow of Insurance Institute of India. |