AXIS/CO/CS/639/2024-25
February 13, 2025
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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) Owing to a personal crisis, S. Bhaskar, Chief Audit Executive of the Bank, will have to be based outside India for an indefinite period and hence, has resigned from the services of the Bank effective close of business hours of February 13, 2025. A copy of his resignation letter as required under Schedule III, Part A, Para A(7C) of the SEBI Listing Regulations is attached as Annexure B.
b) Bimal Bhattacharyya has been appointed as an interim Chief Audit Executive of the Bank for a period of 6 (six) months with effect from February 14, 2025, up to August 13, 2025 (both days inclusive) or until permanent appointment is made into the role of Chief Audit Executive of the Bank, whichever is earlier.
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
Puneet Sharma
Chief Financial Officer
Encl: a/a
CC: London Stock Exchange
Singapore Stock Exchange
Annexure A
| Sr. No. | Particulars | Bimal Bhattacharyya | S. Bhaskar |
| i. | Reason for change | Appointment as an Interim Chief Audit Executive of the Bank. | Resignation. |
| ii. | Date of appointment/ re-appointment/ cessation & term of appointment/ re-appointment | Date of Appointment: February 14, 2025 Term: 6 (six) months with effect from February 14, 2025, up to August 13, 2025 (both days inclusive) or until permanent appointment is made into the role of Chief Audit Executive of the Bank, whichever is earlier. | Date of Cessation: Effective close of business hours of February 13, 2025. |
| iii. | Brief profile (in case of appointment) | Bimal Bhattacharyya has a career spanning over 30 years in the financial sectors in India & overseas, in building & driving businesses, as well as managing compliance & control functions. Bimal Bhattacharyya is presently heading the Subsidiary Governance Department at Axis Bank. Previously, he served as the Chief Compliance Officer of Axis Bank from June 14, 2021, up to June 13, 2024. He has previously also overseen the Finance & Accounts Department, Central Payments Hub, Central Procurement, Central Outsourcing team and Internal Financial Control (IFC). He has worked with the working group of Reserve Bank of India for preparation of draft guidelines for rollout of Ind AS for banks, during the period 2017-18, which finally presented the report to the DG, RBI. | NA |
| iv. | Disclosure of relationship between directors (in case of appointment of a director) | NA | NA |
Annexure B
Resignation letter of S Bhaskar
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