Reclassification of Promoter

AXIS/CO/CS/58/2023-24

April 28, 2023

Dear Sir(s),

SUB.: RE-CLASSIFICATION OF THE ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA TO "PUBLIC" CATEGORY FROM "PROMOTER" CATEGORY.

REF: REGULATION 30 AND 31A OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is in continuation of our letter no. AXIS/CO/CS/618/2022-23 dated March 27, 2023 intimating about the receipt of request letter from the Administrator of the Specified Undertaking of the Unit Trust of India ("SUUTI"), one of the promoters of the Bank, to reclassify SUUTI to "public" category from "promoter" category, in accordance with Regulation 31A of the Listing Regulations.

In this regard, we now wish to inform you that the said letter was placed before the Board at its meeting held today i.e. April 28, 2023. The Board at the said meeting, has considered and approved the request received from SUUTI to reclassify it to "public" category from "promoter" category, subject to the approval of the stock exchanges and any other statutory/regulatory authorities, as may be required. The certified true copy of the resolution passed by the Board is attached herewith as Annexure A.

This is for your information and records.

Thanking you.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: as above

CC: London Stock Exchange

Singapore Stock Exchange

 http://www.rns-pdf.londonstockexchange.com/rns/9335X_1-2023-4-28.pdf