Notice of the 30th AGM & Integrated Annual Report
AXIS/CO/CS/197/2024-25
June 28, 2024
Dear Sir/Madam,
SUB: NOTICE OF THE 30TH ANNUAL GENERAL MEETING (THE "AGM") AND THE INTEGRATED ANNUAL REPORT OF AXIS BANK LIMITED (THE "BANK")
REF: REGULATIONS 30 AND 34 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (THE "SEBI LISTING REGULATIONS")
In reference to our letter no. AXIS/CO/CS/60/2024-25 dated April 25, 2024, inter alia informing the exchanges about the 30th AGM of the Bank to be held on July 26, 2024, through video conferencing / other audio-visual means, and pursuant to Regulations 30 and 34 of the SEBI Listing Regulations, please find enclosed herewith the Notice of the 30th AGM, dated April 25, 2024, (the "Notice") and the Integrated Annual Report of the Bank for fiscal 2024.
The Notice and the Integrated Annual Report are also available on the website of the Bank at
https://www.axisbank.com/shareholders-corner/shareholders-information/general-meeting.
Brief details of the business(es) proposed to be transacted at the AGM 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: as above
http://www.rns-pdf.londonstockexchange.com/rns/4254U_1-2024-6-28.pdf
Annexure A
Brief details of the business(es) proposed to be transacted at the 30th AGM
|
Sr. No. |
Description |
Type of Resolution |
|
Ordinary Business |
||
|
1. |
Receive, consider and adopt the: a) audited standalone financial statements of the Bank, for the fiscal year ended March 31, 2024 and the reports of the Board of Directors and the Auditors thereon; and b) audited consolidated financial statements, for the fiscal year ended March 31, 2024 together with the report of the Auditors thereon. |
Ordinary |
|
2. |
Declaration of dividend on the equity shares of the Bank, for the fiscal year ended March 31, 2024. |
Ordinary |
|
3. |
Re-appointment of Rajiv Anand (DIN: 02541753) as a director who retires by rotation and being eligible has offered himself for re-appointment. |
Ordinary |
|
4. |
Appointment of M/s. M M Nissim & Co. LLP, Chartered Accountants (Firm Registration No. 107122W / W100672), as one of the Joint Statutory Auditors of the Bank. |
Ordinary |
|
5. |
Appointment of M/s. KKC & Associates LLP, Chartered Accountants (Firm Registration No. 105146W / W100621), as one of the Joint Statutory Auditors of the Bank. |
Ordinary |
|
Special Business |
||
|
6. |
Re-appointment of Meena Ganesh (DIN: 00528252) as an Independent Director of the Bank. |
Special |
|
7. |
Re-appointment of G. Padmanabhan (DIN: 07130908), as an Independent Director of the Bank. |
Special |
|
8. |
Re-appointment of Amitabh Chaudhry (DIN: 00531120), as the Managing Director & CEO of the Bank. |
Ordinary |
|
9. |
Revision in the remuneration payable to Amitabh Chaudhry (DIN: 00531120), Managing Director & CEO of the Bank, with effect from April 1, 2024. |
Ordinary |
|
10. |
Revision in the remuneration payable to Rajiv Anand (DIN: 02541753), Deputy Managing Director of the Bank, with effect from April 1, 2024. |
Ordinary |
|
11. |
Revision in the remuneration payable to Subrat Mohanty (DIN: 08679444), Executive Director of the Bank, with effect from April 1, 2024. |
Ordinary |
|
12. |
Revision in the remuneration payable to Munish Sharda (DIN: 06796060), Executive Director of the Bank, with effect from April 1, 2024. |
Ordinary |
|
13. |
Borrowing / raising of funds in Indian rupees / foreign currency, by issue of debt securities on a private placement basis for an amount of up to Rs. 35,000 crore. |
Special |
|
14. |
Raising of funds by issue of equity shares / depository receipts and / or any other instruments or securities representing either equity shares and / or convertible securities linked to equity shares for an amount of upto Rs. 20,000 crore. |
Special |
|
15. |
Material related party transactions for acceptance of deposits in current / savings account or any other similar accounts permitted to be opened under applicable laws. |
Ordinary |
|
16. |
Material related party transactions for subscription of securities issued by the related parties and / or purchase of securities (of related or other unrelated parties) from related parties. |
Ordinary |
|
17. |
Material related party transactions for sale of securities (of related or other unrelated parties) to related parties. |
Ordinary |
|
18. |
Material related party transactions for issue of securities of the Bank to related parties, payment of interest and redemption amount thereof. |
Ordinary |
|
19. |
Material related party transactions for receipt of fees / commission for distribution of insurance products and other related business. |
Ordinary |
|
20. |
Material related party transactions for fund based or non-fund based credit facilities including consequential interest / fees. |
Ordinary |
|
21. |
Material related party transactions for money market instruments / term borrowing / term lending (including repo / reverse repo). |
Ordinary |
|
22. |
Material related party transactions pertaining to forex and derivative contracts. |
Ordinary |
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