BSEAGM/EGM30 Sept 2026 · 30 Sept 2026, 12:01 pm
Please find enclosed the copy of Postal Ballot Notice.
AXIS Bank Ltd · 532215
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Axis Bank Ltd has announced a postal ballot notice seeking approval from members for the re-appointment of four directors, including two independent directors and two whole-time directors.
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AXIS Bank Ltd - 532215 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
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AXIS/CO/CS/441/2026-27
September 30, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor 1st Floor,
Plot No. C/1, “G” Block P. J. Towers,
Bandra-Kurla Complex Dalal Street
Bandra (E), Mumbai – 400 051 Fort, Mumbai – 400 001
NSE Symbol: AXISBANK BSE Scrip Code: 532215
Dear Sir/Ma’am,
Sub.: Postal Ballot Notice
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”), please find enclosed herewith a copy of the
postal ballot notice, seeking approval of the members of the Bank for:
1. Re-appointment of Chamarty Seshabhadrasrinivasa Mallikarjunarao (CH SS
Mallikarjunarao) (DIN: 07667641) as an Independent Director of the Bank.
2. Re-appointment of Munish Sharda (DIN: 06796060) as a Whole-Time Director
(designated as an ‘Executive Director’) of the Bank and his remuneration.
3. Appointment of Sesha Giridhar Kuppili (K. S. Giridhar) (DIN: 11849889) as a
Non-Executive (Nominee) Director of the Bank.
4. Appointment of Arvind Subramanian (DIN: 02551935) as an Independent Director of the
Bank.
The remote e-voting will commence on Wednesday, October 7, 2026 (9:00 a.m. IST) and
end on Thursday, November 5, 2026 (5:00 p.m. IST).
The result of the postal ballot will be declared within two working days from the conclusion
of remote e-voting process i.e. on or before Monday, November 9, 2026 and will be
communicated to the stock exchanges as required under Listing Regulations and will also
be made available on the website of the Bank at www.axis.bank.in.
The postal ballot notice is being sent only by email to those members who have registered
their email address with their Depository Participants or KFin Technologies Limited (“KFin”)
and whose names appear in the register of members / list of beneficial owners as
maintained by the National Securities Depository Limited, Central Depository Services
(India) Limited and KFin as on the cut-off date i.e. Friday, September 25, 2026.
This is for your information and records.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: As above
CC: London Stock Exchange
Singapore Stock Exchange
Axis Bank Limited
CIN: L65110GJ1993PLC020769
Registered Office: ‘Trishul’, 3rd Floor, Opp. Samartheshwar Temple,
Law Garden, Ellisbridge, Ahmedabad – 380 006, Gujarat.
Phone No.: +91 79 6630 6161
E-mail: shareholders@axis.bank.in; Website: www.axis.bank.in
NOTICE OF POSTAL BALLOT
The Members of Axis Bank Limited,
NOTICE is hereby given that pursuant to the provisions of Section 110 read with Section 108 and other applicable provisions,
if any, of the Companies Act, 2013 (the “Act”) read with Rules 20 and 22 of the Companies (Management and Administration)
Rules, 2014, General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs (including any
statutory amendment(s), modification(s), variation(s) and / or re-enactment(s) thereof, for the time being in force, and as amended,
from time to time) (“MCA circular”), Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of
India (“SS-2”) and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the “Listing Regulations”), the resolutions appended below are proposed for approval of the members of
Axis Bank Limited (the “Bank”), through postal ballot by way of voting through electronic means (“e-voting”):
Special Business:
Item no. 1: Re-appointment of Chamarty Seshabhadrasrinivasa Mallikarjunarao (CH SS Mallikarjunarao) (DIN: 07667641) as
an Independent Director of the Bank.
To consider, and if thought fit, to pass the following resolution, as a special resolution:
“RESOLVED THAT pursuant to Sections 149, 152, Schedule IV and other applicable provisions, if any, of the Companies Act,
2013 read with the relevant rules made thereunder (the “Act”), Regulations 16(1)(b), 17, 25(2A) of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”), Section
10A(2A) and other applicable provisions, if any, of the Banking Regulation Act, 1949, read with the relevant rules, guidelines,
directions and circulars issued by the Reserve Bank of India (the “RBI”), in this regard, from time to time, and any other applicable
laws (including any statutory amendment(s), modification(s), variation(s) and / or re-enactment(s) thereof, for the time being
in force), the provisions of the Articles of Association of Axis Bank Limited (the “Bank”), and pursuant to the recommendation
made by the Nomination and Remuneration Committee of the Bank (the “Committee”) and the Board of Directors of the Bank
(the “Board”), CH SS Mallikarjunarao (DIN: 07667641), whose first term as an Independent Director of the Bank is expiring on
January 31, 2027, be and is hereby re-appointed as an Independent Director of the Bank for a further period of four years with
effect from February 1, 2027 up to January 31, 2031 (both days inclusive), not liable to retire by rotation.
RESOLVED FURTHER THAT the Board be and is hereby authorised to execute all such agreements, documents, instruments
and writings as deemed necessary and to file requisite forms or applications with statutory / regulatory authorities, if any, with
power to alter and vary the terms and conditions of the said re-appointment and settle all questions, difficulties or doubts that
may arise in this regard, as they may in their sole and absolute discretion deem fit and to do all such acts, deeds, matters and
things as may be considered necessary and appropriate and to delegate all or any of its powers herein conferred to any
committee(s) / director(s) / officer(s) of the Bank, to give effect to this resolution.”
Item no. 2: Re-appointment of Munish Sharda (DIN: 06796060) as a Whole-Time Director (designated as an ‘Executive Director’)
of the Bank and his remuneration.
To consider, and if thought fit, to pass the following resolution, as an ordinary resolution:
“RESOLVED THAT pursuant to Sections 196, 197, 203 and other applicable provisions, if any, of the Companies Act, 2013
read with the relevant rules made thereunder (the “Act”), the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”), Section 35B and other applicable provisions, if any,
of the Banking Regulation Act, 1949, read with the rules, guidelines, directions and circulars issued by the Reserve Bank of India
(the “RBI”), in this regard, from time to time, and any other applicable laws (including any statutory amendment(s), modification(s),
variation(s) and / or re-enactment(s) thereof, for the time being in force), the provisions of the Articles of Association of Axis
Bank Limited (the “Bank”) and pursuant to the recommendation made by the Nomination and Remuneration Committee of the
Axis Bank Limited
Bank (the “Committee”) and approval of the Board of Directors of the Bank (the “Board”), and subject to approval of the RBI,
consent of the members of the Bank, be and is hereby accorded for the re-appointment of Munish Sharda (DIN: 06796060), as a
Whole-Time Director designated as an ‘Executive Director’ of the Bank, liable to retire by rotation, for a further period of three
years, with effect from February 27, 2027 up to February 26, 2030 (both days inclusive), on the following terms and conditions
including remuneration:
Sr. No. Particulars Amount (` per annum) Additional details, if applicable
1. Salary 2,81,10,561 Basic Salary.
2. Dearness allowance Nil
3. Retiral / superannuation benefits (i+ii+iii+iv) 85,26,870
i. Provident fund 33,73,267 12% of basic pay with equal contribution by
the Bank or as may be decided upon by the
Board / Trustees from time to time.
ii. Gratuity 23,42,547 One month’s salary for each completed year of
service or part thereof (On pro-rata basis).
iii. P
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