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( As on 27/07/2021 19:21)

Axis Bank Ltd. - OUTCOME OF BOARD MEETING HELD ON 27TH JULY 2021

This has reference to our letter dated 10 November 2017, wherein we had inter alia, informed that the Board of Directors (the Board) have approved execution of Investment Agreement between the Bank and BC Asia Investments VII Limited, Integral Investments South Asia IV and BC Asia Investments III Limited (Investment Agreement). We had further informed that in terms of the Investment Agreement, BC Asia Investments VII Limited, Integral Investments South Asia IV and BC Asia Investments III Limited (Bain) shall have the right to jointly nominate for appointment of 1 non-retiring non-executive director on the Board of Directors of the Bank for a period of 4 years, from 19 December 2017.
We wish to inform you that the Board at its meeting held today, has approved amendment to the Investment Agreement and that in terms of the said amendment, the right of Bain to appoint Nominee Director has been extended for a further period of 3 years.