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Axis Bank informs about outcome of board meeting

24 Jan 2023 Evaluate
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Axis Bank has informed that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors at its meeting held on Tuesday, January 24, 2023 has appointed CH S. S. Mallikarjunarao (DIN: 07667641) as an additional independent director of the Bank for a period of four years with effect from February 1, 2023 up to January 31, 2027 (both days inclusive), subject to approval of shareholders. In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an independent director of the Bank. CH S. S. Mallikarjunarao is not related to any of the Directors or Key Managerial Personnel of the Bank. Further, in line with the Stock Exchange Circular dated June 20, 2018, it also confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. A brief profile CH S. S. Mallikarjunarao is enclosed as Annexure A.

The above information is a part of company’s filings submitted to BSE.

Axis Bank Share Price

1359.15 9.25 (0.69%)
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Peers
Company Name CMP
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