RNS Number : 1523D
Axis Bank Limited
14 February 2024
 

AXIS/CO/CS/620/2023-24

 

February 14, 2024

 

Dear Sir(s),

 

SUB.:  APPOINTMENT OF PRANAM WAHI AS AN ADDITIONAL INDEPENDENT DIRECTOR OF AXIS BANK LIMITED ("BANK").

 

REF.: DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

 

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors vide their circular resolution passed on February 14, 2024, has appointed Pranam Wahi 

(DIN: 00031914) as an additional independent director of the Bank for a period of four years with effect from February 15, 2024 up to February 14, 2028 (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.

 

Pranam Wahi 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 is hereby 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 of Pranam Wahi is enclosed as Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/1523D_1-2024-2-14.pdf

 

This is for your information and records.

 

Thanking You.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAEAAALFDKLEFA