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Pin to quick picksAxis Bank Regs Regulatory News (AXB)

Share Price Information for Axis Bank Regs (AXB)

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Cessation

26 Oct 2023 13:35

RNS Number : 4411R
Axis Bank Limited
26 October 2023
 

 

AXIS/CO/CS/391/2023-24

October 26, 2023

Dear Sir(s),

 

 REF.: DISCLOSURE UNDER REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

 

 SUB.: CESSATION OF TENURE OF RAKESH MAKHIJA, AS INDEPENDENT DIRECTOR AND AS NON-EXECUTIVE (PART-TIME) CHAIRMAN OF AXIS BANK LIMITED (THE "BANK")

 

This is to inform you that Rakesh Makhija (DIN: 00117692), Independent Director and Non-Executive (Part-time) Chairman of the Bank has ceased to be the Chairman and a member of the Board of Directors (the Board) of the Bank, with effect from the close of business hours on Thursday, October 26, 2023, upon completion of his tenure, under the provisions of the Banking Regulation Act, 1949.

 

The Board and entire management team acknowledges the invaluable contributions rendered by Rakesh Makhija during his tenure as an Independent Director and Non-Executive (Part-time) Chairman and place on record our deep appreciation for his leadership and guidance as a Chairman of the Board.

 

We further wish to inform you that as intimated vide our letter dated July 27, 2023, N. S. Vishwanathan (DIN: 09568559), Independent Director is taking over as the Non-Executive (Part-Time) Chairman of the Bank, for a period of three years with effect from Friday, October 27, 2023.

 

You are requested to take note of the above and arrange to bring it to the notice of all concerned.

 

Thanking You.

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

CC: London Stock Exchange

Singapore Stock Exchange

http://www.rns-pdf.londonstockexchange.com/rns/4411R_1-2023-10-26.pdf

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