Axis Bank Seeks Shareholder Approval for Director Appointments and Remuneration
Axis Bank Limited has issued a postal ballot notice seeking shareholder approval for the appointment of two key individuals. Neeraj Gambhir is proposed to be appointed as a Director and Whole-time Dir...
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Why is Axis Bank Limited in the news today?
Axis Bank Limited (AXISBANK) is in the news due to the announcement pertains to routine corporate actions like director appointments and remuneration, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance or outlook.
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Axis Bank Seeks Shareholder Approval for Director Appointments and Remuneration
December 19, 2025, 04:08 AM
Axis Bank Limited has issued a postal ballot notice seeking shareholder approval for the appointment of two key individuals. Neeraj Gambhir is proposed to be appointed as a Director and Whole-time Director (designated as Executive Director), with remuneration details specified. His appointment is effective from October 20, 2025, subject to shareholder approval. The total remuneration package for Neeraj Gambhir is outlined, amounting to ₹4.20 crore per annum, including salary, retiral benefits, allowances, and perquisites.
Additionally, Malavika R. Harita is proposed for appointment as an Independent Director for a period of four years, effective December 18, 2025, up to December 17, 2029. The bank has received necessary approvals from its Nomination and Remuneration Committee and the Board of Directors for both appointments.
The remote e-voting period for these resolutions will commence on Saturday, December 20, 2025, at 9:00 a.m. and conclude on Sunday, January 18, 2026, at 5:00 p.m. The results of the postal ballot are expected to be declared on or before Tuesday, January 20, 2026. The notice clarifies that the postal ballot is being sent via email to members who have registered their email addresses and whose names appear on the register of members as of the cut-off date, Friday, December 12, 2025.
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