Axis Bank Limited announced that its 31st Annual General Meeting (AGM) will be held on Friday, July 25, 2025, through video conferencing/other audio-visual means. The bank has released the Notice of the 31st AGM and the Integrated Annual Report for fiscal 2025.
Key businesses proposed to be transacted at the AGM include:
- Ordinary Business:
- Receiving, considering, and adopting the audited standalone and consolidated financial statements of the Bank for the fiscal year ended March 31, 2025.
- Declaration of dividend on equity shares for the fiscal year ended March 31, 2025.
- Re-appointment of Mini Ipe as a director.
- Special Business:
- Appointment of M/s. Bhandari & Associates, Company Secretaries, as the Secretarial Auditors of the Bank.
- Revision in the remuneration payable to Amitabh Chaudhry, Managing Director & CEO, and Executive Directors Subrat Mohanty and Munish Sharda, with effect from April 1, 2025.
- Enhancement of the Bank's borrowing limit up to ₹3,00,000 crore under Section 180(1)(c) of the Companies Act, 2013.
- Borrowing/raising funds in Indian rupees/foreign currency by issue of debt securities on a private placement basis for an amount of up to ₹35,000 crore.
- Raising funds by issue of equity shares/depository receipts and/or any other instruments or securities representing equity shares and/or convertible securities linked to equity shares for an amount of up to ₹20,000 crore.
- Material related party transactions with Life Insurance Corporation of India (Promoter), LIC Housing Finance Limited (Promoter group entity), IDBI Bank Limited (Promoter group entity), and Axis Max Life Insurance Limited (Associate).