AXIS Bank Ltd

ESOP grant details

• Nomination and Remuneration Committee approved grant of 1,95,605 Axis Bank ESOPs.
• Grant price Rs 1,264.60 per option.
• Total equity shares covered: 1,95,605.
• Options vest over 3 years: 30% Year 1, 30% Year 2, 40% Year 3.
• Exercise window: 5 years from vesting date.
• Pricing based on latest NSE close on Oct 14, 2026.

Capital / Securities

• The Bank allotted 92,708 equity shares of Rs 2 on Oct 13, 2026 under ESOP/RSU.
• Paid-up capital increased from Rs 6,227,546,088 to Rs 6,227,731,504.
• Equity shares increased from 3,113,773,044 to 3,113,865,752.

Postal ballot purpose

• Approve four resolutions: director re-appointments, a nominee appointment, and executive remuneration.

Item 1: Independent Director Re-appointment

• Re-appoint CH SS Mallikarjunarao as Independent Director for 2027-2031; declared independent with extensive banking background.

Item 2: Executive Director Re-appointment

• Re-appoint Munish Sharda as Executive Director for 2027-2030; remuneration totaling INR 5.30 crore.

Item 3: Non-Executive (Nominee) Director Appointment

• Appoint K. S. Giridhar as Non-Executive (Nominee) Director; term from Aug 14, 2026, liable to retire by rotation.

Item 4: Independent Director Appointment – Arvind Subramanian

• Appoint Arvind Subramanian as Independent Director for four years (Sept 23, 2026-Sept 22, 2030); not liable to rotate.

Outcomes

• Item 1: Pending results; to be declared by 9 November 2026.
• Item 2: Pending results; to be declared by 9 November 2026.
• Item 3: Pending results; to be declared by 9 November 2026.
• Item 4: Pending results; to be declared by 9 November 2026.

Purpose

• Postal ballot to approve four director appointments and remuneration.

Item 1 — Independent Director re-appointment

• Special resolution to re-appoint CH SS Mallikarjunarao; Independent Director; term 2027–2031; RBI fit.

Item 2 — Executive Director re-appointment

• Ordinary resolution to re-appoint Munish Sharda as Executive Director; 3-year term; remuneration.

Item 3 — Non-Executive Nominee Director appointment

• Ordinary resolution to appoint K. S. Giridhar as Non-Executive (Nominee) Director.

Item 4 — Independent Director appointment

• Special resolution to appoint Arvind Subramanian as Independent Director; 4-year term.

Director profiles

• CH SS Mallikarjunarao — Independent Director; ex-MD/CEO PNB; four-year term.
• Munish Sharda — Executive Director; 34+ years in banking; leadership and governance.
• K. S. Giridhar — Non-Executive (Nominee) Director; LIC veteran; independent.
• Arvind Subramanian — Independent Director; former strategy/leadership; four-year term.

Outcomes

• Item 1: Pending; results by 9 November 2026.
• Item 2: Pending; results by 9 November 2026.
• Item 3: Pending; results by 9 November 2026.
• Item 4: Pending; results by 9 November 2026.

Capital / Securities

• Allotted 116,086 equity shares on Sep 29, 2026 under ESOP/RSU; paid-up capital increased to Rs 6,227,379,480.

KMP contact details updated

• Amitabh Chaudhry, MD & CEO, updated official contact details (address, phone, email).
• Rajeev Mantri, Group Head & CFO, updated official contact details (address, phone, email).
• Sandeep Poddar, Group Head & Company Secretary, updated official contact details (address, phone, email).