Axis Bank Shareholders Approve Key Leadership Appointments via Postal Ballot

Mumbai: Axis Bank Limited today announced that its shareholders have approved two critical board appointments through a postal ballot, reinforcing the bank's senior leadership and governance structure.

The e-voting process, which concluded on January 18, saw strong shareholder support for both resolutions, as certified by the scrutinizer, CS K.V.S. Subramanyam.

Resolutions and Voting Results:

1. Appointment of Neeraj Gambhir as Executive Director:
The proposal to appoint Mr. Neeraj Gambhir (DIN: 00257375) as a Director and Whole-time Director (designated as Executive Director) was passed with an overwhelming majority.

Votes in Favour: 4,038 members, representing 98.77% of the valid votes cast (247.67 crore shares).
Votes Against: 183 members, representing 1.23% of the valid votes cast (30.78 crore shares).

2. Appointment of Malavika R. Harita as Independent Director:
The appointment of Ms. Malavika R. Harita (DIN: 09005600) as an Independent Director received near-unanimous approval.

Votes in Favour: 4,059 members, representing 99.92% of the valid votes cast (250.55 crore shares).
Votes Against: 150 members, representing 0.08% of the valid votes cast (2.02 crore shares).

Background and Significance:

The postal ballot notice was issued on December 18, 2025, with the cut-off date for shareholder eligibility set as December 12, 2025. The remote e-voting was conducted via the National Securities Depository Limited (NSDL) platform from December 20, 2025, to January 18, 2026.

Neeraj Gambhir is a seasoned banking professional expected to bring significant expertise to the bank's executive team.
Malavika R. Harita will join the board as an Independent Director, bringing external oversight and strategic guidance.

The successful passage of these resolutions ensures continuity and strengthens the leadership bench at one of India's leading private sector banks.

In its communication to the stock exchanges, the bank stated, "the resolutions... have been passed by the members of the Bank through remote e-voting with requisite majority." The results and the scrutinizer's report have been submitted to the BSE and the NSE.