Axis Bank Ltd.

Axis Bank has informed that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the bank at its meeting held today, April 28, 2023, has approved the appointment of Subrat Mohanty (DIN: 08679444) as a Whole-time Director, designated as ‘Executive Director’ of the Bank (including his terms and conditions and remuneration), effective from (i) May 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India (‘RBI’), whichever is later. The above appointment is for a period of 3 years and is subject to approval of the shareholders of the Bank and RBI. Subrat Mohanty would be liable to retire by rotation. The brief profile of Subrat Mohanty is attached as Annexure A. Subrat Mohanty is not related to any other Director or Key Managerial Personnel of the Bank. He has not been debarred from holding the office of a director by virtue of any order passed by SEBI or any other regulatory/ statutory authority.

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