The Board of Directors of Axis Bank Limited approved the Amended and Restated Deposit Agreement at its meeting held on October 15, 2025. This agreement includes amendments to the Deposit Agreement governing the Global Depositary Receipts (“GDRs”) issued by the Bank. The approval is subject to the Reserve Bank of India’s approval.
Amended Deposit Agreement Approved
Axis Bank’s Board of Directors approved the Amended and Restated Deposit Agreement at a meeting on October 15, 2025. This agreement pertains to Global Depositary Receipts (GDRs) issued by the Bank.
Details of the Amendment
The amendments inter alia grant voting rights by the bank to the holders of the GDRs. These rights are subject to holders demonstrating their holdings are in conformity with Section 12B of the Banking Regulation Act, 1949. These must align with applicable master directions and guidelines, each as amended periodically.
Meeting Details
The Board meeting commenced at 11:30 am (IST) and concluded at 6:50 pm (IST) on October 15, 2025.
Source: BSE
