Axis Bank Ltd - Post AGM intimation

AXIS/CO/CS/199/2025-26

July 25, 2025

Dear Sir(s),

SUB:   PROCEEDINGS OF THE 31^ST ANNUAL GENERAL MEETING, SCRUTINIZER'S REPORT AND VOTING RESULTS

REF:   INTIMATION UNDER REGULATIONS 30 AND 44 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")

We wish to inform you that the 31^st Annual General Meeting (the "AGM") of the members of Axis Bank Limited (the "Bank") was held today i.e., July 25, 2025, through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM") wherein, the business(es) as mentioned in the Notice of AGM dated April 25, 2025 were transacted.

In this regard, we enclose the following:

1.   Summary of the proceedings of the AGM;

2.   Report of Scrutinizer dated July 25, 2025 issued by CS KVS Subramanyam, Practising Company Secretary; and

3.   Combined e-voting results in the prescribed format.

This is for your information and records.

Thanking you.

Yours Sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As Above.

CC: London Stock Exchange

        Singapore Stock Exchange

Summary of the proceedings of the 31^st Annual General Meeting ("AGM") of

the members of Axis Bank Limited ("Bank") held on Friday, July 25, 2025, at 10.00 am (IST).

Directors present:

Officials present:

Others attending through VC:

1.   Sanjay Khemani, representative from M M Nissim & Co. LLP, Chartered Accountants and Vinit Jain and Gautam Shah, representatives from KKC & Associates LLP, Chartered Accountants, Joint Statutory Auditors.

2.   Manisha Maheshwari, representative from Bhandari & Associates, Company Secretaries, Secretarial Auditor.

3.   CS KVS Subramanyam, Practicing Company Secretary, Scrutinizer for this meeting.

4.   Total 175 members (including Directors and KMPs).

The requisite quorum being present, N. S. Vishwanathan, Chairman of the Board, welcomed the members and commenced the proceedings of the meeting. He thereafter, introduced the Directors of the Bank.

The members were informed that the AGM was being conducted through VC/OAVM, in accordance with the applicable circulars issued by the Securities and Exchange Board of India ("SEBI"), Ministry of Corporate Affairs ("MCA") and under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the Companies Act, 2013 and the Rules made thereunder. The members were also informed that the Integrated Annual Report and the Notice convening the AGM, the Audited Financial Statements (Standalone and Consolidated) for the year ended March 31, 2025 along with the Boards' Report, the Auditors' Report and other documents required to be attached thereto were sent through electronic mode to those members who had registered their email address(es). Further, the Bank has sent to those shareholders, at their latest available postal address, a letter providing the QR code, web-link, including the exact path, where complete details of the Integrated Annual Report and the Notice is available, who have not registered their email address(es).

Sandeep Poddar, Company Secretary briefed the members on the process of e-voting. He informed that the remote e-voting facility for the AGM was made available from Monday, July 21, 2025, 9:00 am up to Thursday, July 24, 2025, 5:00 pm. The members were also informed that the e-voting facility was made available during the meeting for members who had not cast their votes on the resolutions through remote e-voting facility and the Scrutinizer will submit his report after verification of the votes and the results will be declared, as per the extant norms.

The Chairman then delivered his speech and provided insights on various areas, such as  macro-economic environment, GPS strategy, financial performance for fiscal 2025 and Q1 of fiscal 2026, digital capabilities, Bank's geographical reach, corporate social responsibility & sustainability activities, ESG strategy etc. He thereafter placed on record his gratitude to all the members for having reposed their confidence in the Bank and continuing association.

Thereafter, he invited queries and questions from the members. The members of the Bank raised queries on various subject matters such as dividend, financial performance, customer service, branches, ATMs, non-performing assets, fraud detection, cyber security, Gen AI, Citibank consumer business integration, CSR, etc. Questions raised by the members, were appropriately responded to by Amitabh Chaudhry, Managing Director & CEO of the Bank.

The e-voting facility was made available for 15 minutes from the conclusion of the meeting.

The Chairman then announced the conclusion of the 31^st Annual General Meeting of the Bank at 12:20 pm.

The following businesses as set out in the Notice dated April 25, 2025, convening this AGM were transacted through remote e-voting and e-voting during the AGM:

Ordinary Businesses:

1.   Adoption of the

(a) audited standalone financial statements of the Bank, for the fiscal year ended                 March 31, 2025 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, 2025 and the report of the Auditors thereon.

2.   Declaration of dividend on the equity shares for the fiscal year ended March 31, 2025.

3.   Re-appointment of Mini Ipe (DIN: 07791184) as a director who retires by rotation and being eligible, has offered herself for re-appointment.

Special Businesses:

4.   Appointment of M/s. Bhandari & Associates, Company Secretaries (Firm Registration No. P1981MH043700), as the Secretarial Auditors of the Bank.

5.   Revision in the remuneration payable to Amitabh Chaudhry (DIN: 00531120), Managing Director & CEO of the Bank, with effect from April 1, 2025.

6.   Revision in the remuneration payable to Subrat Mohanty (DIN: 08679444), Executive Director of the Bank, with effect from April 1, 2025.

7.   Revision in the remuneration payable to Munish Sharda (DIN: 06796060), Executive Director of the Bank, with effect from April 1, 2025.

8.   Enhancement of borrowing limit of the Bank up to Rs. 3,00,000 crores under Section 180 (1)(c) of the Companies Act, 2013.

9.   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 crores.

10.  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 crores.

11.  Material related party transactions with Life Insurance Corporation of India (Promoter).

12.  Material related party transactions with LIC Housing Finance Limited (Promoter group entity).

13.  Material related party transactions with IDBI Bank Limited (Promoter group entity).

14.  Material related party transactions with Axis Max Life Insurance Limited (Associate).

Based on the Scrutinizer's report dated July 25, 2025, issued by CS KVS Subramanyam, Practising Company Secretary (membership no. FCS 5400 and certificate of practice no. 4815), all the aforementioned resolutions as set out in the notice of AGM dated April 25, 2025, have been passed by the members with requisite majority.

http://www.rns-pdf.londonstockexchange.com/rns/6644S_1-2025-7-25.pdf

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