Last checked at 26 Apr 2018 14:52
SUB: OUTCOME OF 184TH BOARD MEETING OF AXIS BANK LIMITED HELD ON 26TH APRIL 2018 AND 27TH APRIL 2018
REF: SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")
This is to inform you that at the 184th meeting of the Board of Directors of the Bank (the Board) held on 26th April 2018, the following items of business were transacted by the Board:-
AUDITED FINANCIAL RESULTS
1) Reviewed and approved the Audited Financial Results of the Bank, for the quarter/ financial year ended 31st March 2018 and the Audit Report issued by the Statutory Auditors of the Bank, in that regard, which were reviewed by the Audit Committee of the Board at its meeting held earlier during the day and recommended for the approval of the Board.
In this connection, we also enclose herewith the said Financial Results, the Audit Report, the Press Release and the Earnings Presentation for the quarter/financial year ended 31st March 2018, which please note ore being uploaded on the website of the Bank, in terms of the listing Regulations.
Please note that the said audited annual standalone financial results of the Bank, were reviewed and approved by the Board today at 5.40 p.m.
As the annual financial results of Axis Bank UK Limited, subsidiary company of the Bank, are being finalized, the Consolidated Audited Annual Financial Results of Axis Bank Group for the year ended 31st March 2018, will be reviewed and approved by the Board of Directors of the Bank and disclosed to the Stock Exchanges, within the prescribed time limit, under the provisions of Reg. 33 of the Listing Regulations.
The date of the meeting of the Board of Directors of the Bank to consider and approve the said Consolidated Audited Annual Results of Axis Bank Group will be conveyed to you in due course.
DIVIDEND
2) After making mandatory appropriations to Statutory Reserve, Investment Reserve and Capital Reserve, no profits are available for distribution as dividend for the financial year ended 31st March 2018. Accordingly, no dividend has been recommended by the Board of Directors for the year ended 31st March 2018.
Also, please note that in view of the above, the blackout period which has been in-force from Thursday, 22nd March 2018 will remain continue to remain in force until further notice.
You are requested to take the above on record and bring this to the notice of all concerned.
Kindly acknowledge receipt.
Thanking You.
Yours sincerely,
For Axis Bank Limited
Girish V Koliyote
Company Secretary
Encl.: as above
http://www.rns-pdf.londonstockexchange.com/rns/2805M_-2018-4-26.pdf