Result of AGM

RESOLUTIONS PASSED BY SHAREHOLDERS AT AGM HELD ON 22ND JUNE, 2012 - AXIS BANK

At the Annual General Meeting held today at Ahmedabad the following resolutions were passed by the shareholders of the Bank :

1. Adoption of the Balance Sheet as at 31st March, 2012, Profit and Loss Account and Cash Flow Statement for the year ended 31st March, 2012 and the reports of Directors and Auditors thereon.

2. The payment of dividend @ Rs. 16 per equity share i.e. 160% has been approved. The dividend warrants will be dated and payable from 23rd June, 2012.

3. Smt. Rama Bijapurkar and Shri V. R. Kaundinya retired by rotation and were reappointed as Directors.

4. M/s Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, ICAI Registration Number 117365W were appointed as the Statutory Auditors of the Bank for the year 2012-13.

5. Prof. Samir K. Barua, Shri A. K. Dasgupta and Shri Som Mittal who were appointed as additional Directors by the Board of Directors of the Bank were appointed as Directors of the Bank, liable to retire by rotation.

6. Re-appointment of Smt. Shikha Sharma as the Managing Director and CEO of the Bank for a period of 3 years effective 1st June, 2012 and the remuneration payable to her as Managing Director and CEO of the Bank w.e.f. 1st June, 2012, subject to approval of RBI, were approved.

7. Appointment of Shri Somnath Sengupta as a Whole Time Director of the Bank with effect from the date from which his appointment as Whole-time Director will be approved RBI and the remuneration payable to him as a Whole Director were approved.

8. Appointment of Shri V. Srinivasan as a Whole Time Director of the Bank with effect from the date from which his appointment as Whole-time Director will be approved RBI and the remuneration payable to him as a Whole Director were approved.

9. Subject to approval of RBI and other Regulatory Authorities, expenses for office maintenance payable to Dr. Adarsh Kishore, Chairman of the Bank were increased with effect from 1st April, 2011 and 1st April, 2012.