Axis Bank confirms re-appointment of independent director

Published 02/05/2025, 16:22
Axis Bank confirms re-appointment of independent director

MUMBAI - Axis Bank (NSE:AXBK) Limited has announced the successful re-appointment of Prof. S. Mahendra Dev as an Independent (LON:IOG) Director following a recent postal ballot, in compliance with regulatory requirements. The bank’s members passed the resolution through remote e-voting, as stated in a notice dated April 2, 2025.

The re-appointment of Prof. Dev, who holds the Director Identification Number (DIN): 06519869, was the sole resolution in the postal ballot. The results, along with the scrutinizer’s report by CS KVS Subramanyam, a Practising Company Secretary, have been officially documented and released to the public.

Axis Bank, listed on both the London and Singapore Stock Exchanges, adheres to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under which the ballot was conducted. The bank’s Executive Director, Munish Sharda, conveyed the outcome to the exchanges, ensuring that the bank’s regulatory and shareholder communication protocols are maintained.

The re-appointment is part of the bank’s ongoing governance and oversight measures, ensuring that its board continues to benefit from Prof. Dev’s expertise and guidance. Axis Bank’s commitment to regulatory compliance and transparent shareholder communication is reflected in the thorough process of this postal ballot and the subsequent announcement.

The news of Prof. Dev’s re-appointment as an Independent Director is based on a press release statement and is intended for informational purposes only. It offers insight into the bank’s corporate governance practices and adherence to regulatory standards.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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