AXIS/CO/CS/617/2024-25
January 31, 2025
Dear Sir(s),
REF.: DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS").
SUB.: CHANGES IN SENIOR MANAGEMENT OF AXIS BANK LIMITED ("the Bank").
Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform the following changes in the senior management of the Bank:
a) Vineet Agrawal will be taking up another role within the Bank and accordingly cease to be Chief Audit Executive and senior management of the Bank, effective February 03, 2025.
b) S. Bhaskar has been appointed as Chief Audit Executive of the Bank for a period of three years with effect from February 03, 2025, up to February 02, 2028 (both days inclusive), in place of Vineet Agrawal.
The details required as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure A.
This is for your information and records.
Thanking You.
Yours faithfully,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl: a/a
CC: London Stock Exchange
Singapore Stock Exchange
Annexure A
| Sr. No. | Particulars | S. Bhaskar | Vineet Agrawal |
| i. | Reason for change | Appointment as Chief Audit Executive of the Bank | Cessation as Chief Audit Executive of the Bank, upon movement to another role. |
| ii. | Date of appointment/ re-appointment/ cessation & term of appointment/ re-appointment | Date of Appointment: February 03, 2025
Term: 3 years with effect from February 03, 2025 up to February 02, 2028 (both days inclusive). | Date of Cessation: Effective February 03, 2025 |
| iii. | Brief profile (in case of appointment) | S. Bhaskar has more than 38 years of experience in leadership & management positions across consumer goods, chemicals, logistics and financial services. Most recently, he served as the Chief Internal Auditor of Tata Capital Ltd. providing leadership to the Internal Audit function at Tata Capital Ltd. & its subsidiaries. He also had stints at Hindustan Lever Ltd. and The New India Assurance Co. Ltd.
As a professional, S Bhaskar:
(i) serves as a member of the Board of Trustees in the Global Internal Audit Foundation of the IIA Inc;
(ii) served as a member in the Audit Advisory Committee for United Nations Office for Project Services for two terms (2016-2021);
(iii) served as a Member of CII's National Committee on Financial Reporting; and
(iv) served on ASSOCHAM's National Council for Internal Audit and Risk Management. | NA |
| iv. | Disclosure of relationship between directors (in case of appointment of a director) | NA | NA |
http://www.rns-pdf.londonstockexchange.com/rns/5115V_1-2025-1-31.pdf
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