Sharma will be relieved from service at the close of business on August 31, 2026 and will cease to be a key managerial personnel and part of senior management from that date. T
Separately, the bank’s board, at its meeting held today, approved re-appointments of two directors based on the Nomination and Remuneration Committee’s recommendations.
CH S S Mallikarjunarao has been re-appointed as an Independent Director for a second term of four years from February 1, 2027 to January 31, 2031, subject to shareholder approval.
Munish Sharda has been re-appointed as Whole-Time Director, designated Executive Director, for a further three-year term from February 27, 2027 to February 26, 2030, subject to approval from the Reserve Bank of India and shareholders.
Shares of Axis Bank Ltd ended at ₹1,357.70, down by ₹1.37, or 18.85%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
