Result of AGM

RESOLUTIONS PASSED BY SHAREHOLDERS AT AGM HELD ON 8th JUNE, 2010 - AXIS BANK

At the Annual General Meeting held today at Ahmedabad the following resolutions were approved by the shareholders of the Bank :

1. The payment of dividend @ Rs. 12 per equity share i.e. 120%. The dividend warrants will be dated and payable from June 9, 2010.

2. Dr. R. H. Patil and Smt. Rama Bijapurkar retired by rotation and were reappointed as Directors.

3. M/s Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, ICAI Registration Number 117365W were appointed as the Statutory Auditors of the Bank until the conclusion of the Seventeenth Annual General Meeting of the shareholders of the Bank.

4. Smt. Shikha Sharma and Dr. Adarsh Kishore were appointed as Directors of the Bank, not liable to retire by rotation.

5. Shri M. M. Agrawal, Shri V. R. Kaundinya, and Shri S. B. Mathur were appointed as Directors of the Bank, liable to retire by rotation.

6. In accordance with the approval given by RBI, Dr. Adarsh Kishore was appointed as Chairman of the Bank with effect from 8th March, 2010.

7. Subject to approval of RBI, the terms and conditions of appointment of Smt. Shikha Sharma, Managing Director and CEO of the Bank were revised w.e.f. 01/04/2010.

8. In accordance with the approval given by RBI, Shri M. M. Agrawal was appointed as the Deputy Managing Director of the Bank with effect from 10th February, 2010.

9. Special resolution pertaining to Issue, offer and allotment of additional equity stock options convertible into Equity Shares of the aggregate nominal face value not exceeding Rs. 4,74,74,000 to employees of the Bank.

10. Special resolution pertaining to Issue, offer and allotment of equity stock options convertible into Equity Shares to any permanent employee / Director of the subsidiaries of the Bank.