9 Sep 2009 14:03
RESULT OF THE POSTAL BALLOT - AXIS BANK
Pursuant to the provisions of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules 2001, the approval of the shareholders of Axis Bank Limited was sought by Postal Ballot to the proposals approved by the Board of Directors of the Bank at its meeting held on 4th August, 2009.
Shri Ashwin Lalbhai Shah, an Advocate of Gujarat High Court, who was appointed as the Scrutinizer to conduct the Postal Ballot process has submitted the Postal Ballot Result as per the statement attached :
AXIS BANK LIMITED
REGD OFFICE : 'TRISHUL', 3RD FLOOR, OPP. SAMARTHESHWAR TEMPLE, LAW GARDEN,
ELLISBRIDGE, AHMEDABAD - 380 006
| Particulars | No. of Postal Ballot Forms | No. of Votes | % of total Votes |
| Votes in favour of the Resolution No. 1 Resolution No. 2 Resolution No. 3 Resolution No. 4 Resolution No. 5 | 1219 1207 1211 1259 1263 | **16,04,18,564 (Actual - 22,28,64,634) **16,04,18,406 (Actual - 22,28,64,476) **15,91,85,877 (Actual - 22,16,31,947 **16,04,27,050 (Actual - 22,28,73,120) **15,87,58,272 (Actual - 22,12,04,342) | **99.98% (Actual - 99.99%) **99.98% (Actual - 99.99%) **99.22% (Actual - 99.44%) **99.99% (Actual - 99.99%) **98.95% (Actual - 99.24%) |
| Votes against the Resolution No. 1 Resolution No. 2 Resolution No. 3 Resolution No. 4 Resolution No. 5 | 145 138 130 78 73 | 29,066 27,128 12,58,966 17,246 16,86,077 | **0.02% (Actual - 0.01%) **0.02% (Actual - 0.01%) **0.78% (Actual - 0.56%) **0.01% (Actual - 0.01%) **1.05% (Actual - 0.76%) |
| Net valid postal ballot forms for : Resolution No. 1 Resolution No. 2 Resolution No. 3 Resolution No. 4 Resolution No. 5 | 1364 1345 1341 1337 1336 | **16,04,47,630 (Actual - 22,28,93,700) **16,04,45,534 (Actual - 22,28,91,604) **16,04,44,843 (Actual - 22,28,90,913) **16,04,44,296 (Actual - 22,28,90,366) **16,04,44,349 (Actual - 22,28,90,419) | **100.00 (Actual - 100%) **100.00 (Actual - 100%) **100.00 (Actual - 100%) **100.00 (Actual - 100%) **100.00 (Actual - 100%) |
| Number of invalid postal ballot forms received | 20 | 4,339 | |
| Votes not Cast | 1,83,418 | ||
| Total Number of postal ballot forms received | 1384 | 22,30,81,457 |
**As per the provisions of the Section 12(2) of the Banking Regulation Act, 1949 the votes of the two members each holding shares more than 10% of the total paid up capital of the Bank are considered as 10% (3,59,87,067 votes) of the total votes of all members of the Bank in each case.
The resolutions of the Postal Ballot Notice dated 4th August, 2009 have therefore been approved by the shareholders with requisite majority.
Axis Bank Regs (AXB)