Axis Bank Ltd.

With reference to its letter no. AXIS/CO/CS/147/2020-21 dated 29th June 2020, Axis Bank informed that the meeting of the Board of Directors of the company (‘the Bank’) will be convened on 2nd July 2020, to consider raising of funds by issue of equity shares and/or convertible securities linked to equity shares etc., through permissible modes at an appropriate time. In this connection, the company has informed that the Board at its meeting held today has approved the proposal relating to raising of funds not exceeding Rs 15,000 crores (Rupees Fifteen Thousand crores only), through issue of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations as may be considered appropriate by the Board, subject to the approval of the Shareholders at the ensuing 26th Annual General Meeting of the Bank, in relation to the above fund raising proposal.

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