Axis Bank receives RBI approval for Subrat Mohanty's re-appointment as Executive Director
April 29, 2026
Axis Bank has received approval from the Reserve Bank of India for the re-appointment of Subrat Mohanty as Whole-Time Director (designated as Executive Director) for a three-year term. The appointment is effective from August 17, 2026 to August 16, 2029, subject to shareholder approval. The Board had initially approved the re-appointment in January 2026.
axis bank has received approval from the Reserve Bank of India for the re-appointment of Subrat Mohanty as Whole-Time Director (designated as Executive Director) of the bank. The approval was conveyed through RBI letter no. CO.DOR. HGG No.S859/08.86.001/2026-27 dated April 29, 2026.
Appointment Details
The re-appointment is for a further period of three years, effective from August 17, 2026 up to August 16, 2029 (both days inclusive). The appointment remains subject to the approval of the shareholders of the bank.
Particulars Details Name Subrat Mohanty Designation Whole-Time Director (Executive Director) Term Period August 17, 2026 to August 16, 2029 RBI Approval Date April 29, 2026 RBI Reference No. CO.DOR. HGG No.S859/08.86.001/2026-27
Background
The Board of Directors of Axis Bank had initially approved the re-appointment of Subrat Mohanty in its meeting held on January 27, 2026, as communicated through letter no. AXIS/CO/CS/570/2025-26. The approval was contingent upon receiving necessary regulatory clearances from the Reserve Bank of India and shareholder approval.
The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Sandeep Poddar, Company Secretary of Axis Bank Limited.
Axis Bank Limited has completed the allotment of 43,588 equity shares on April 28, 2026, under its Employee Stock Option Plan (ESOP) and Restricted Stock Unit (RSU) scheme. The allotment represents the exercise of stock options by eligible employees, reflecting the bank's ongoing employee incentive programs.
Share Capital Enhancement
The allotment has resulted in an increase in the bank's paid-up share capital structure. The following table shows the impact on the bank's equity base:
Parameter: Before Allotment After Allotment Paid-up Share Capital: Rs. 6,217,131,820 Rs. 6,217,218,996 Number of Equity Shares: 3,108,565,910 3,108,609,498 Face Value per Share: Rs. 2 Rs. 2
ESOP Implementation Details
The allotment was executed pursuant to the exercise of stock options and units under the bank's established ESOP/RSU scheme. Each equity share carries a face value of Rs. 2, maintaining consistency with the existing share structure. The exercise of these options demonstrates employee confidence in the bank's long-term prospects and provides them with equity participation in the institution's growth.
Corporate Communication
Axis Bank has formally communicated this development to the stock exchanges through its Company Secretary, Sandeep Poddar. The notification was sent to both the National Stock Exchange of India Limited and BSE Limited on April 28, 2026, ensuring compliance with listing requirements and maintaining transparency with stakeholders.
Capital Structure Impact
The allotment represents a marginal increase in the bank's equity base, with the total share count rising by 43,588 shares. This incremental expansion of the paid-up capital reflects the bank's commitment to employee welfare through equity-based compensation while maintaining its overall capital structure integrity.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.
Appointment Details
The re-appointment is for a further period of three years, effective from August 17, 2026 up to August 16, 2029 (both days inclusive). The appointment remains subject to the approval of the shareholders of the bank.
Particulars Details Name Subrat Mohanty Designation Whole-Time Director (Executive Director) Term Period August 17, 2026 to August 16, 2029 RBI Approval Date April 29, 2026 RBI Reference No. CO.DOR. HGG No.S859/08.86.001/2026-27
Background
The Board of Directors of Axis Bank had initially approved the re-appointment of Subrat Mohanty in its meeting held on January 27, 2026, as communicated through letter no. AXIS/CO/CS/570/2025-26. The approval was contingent upon receiving necessary regulatory clearances from the Reserve Bank of India and shareholder approval.
The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Sandeep Poddar, Company Secretary of Axis Bank Limited.
Axis Bank Limited has completed the allotment of 43,588 equity shares on April 28, 2026, under its Employee Stock Option Plan (ESOP) and Restricted Stock Unit (RSU) scheme. The allotment represents the exercise of stock options by eligible employees, reflecting the bank's ongoing employee incentive programs.
Share Capital Enhancement
The allotment has resulted in an increase in the bank's paid-up share capital structure. The following table shows the impact on the bank's equity base:
Parameter: Before Allotment After Allotment Paid-up Share Capital: Rs. 6,217,131,820 Rs. 6,217,218,996 Number of Equity Shares: 3,108,565,910 3,108,609,498 Face Value per Share: Rs. 2 Rs. 2
ESOP Implementation Details
The allotment was executed pursuant to the exercise of stock options and units under the bank's established ESOP/RSU scheme. Each equity share carries a face value of Rs. 2, maintaining consistency with the existing share structure. The exercise of these options demonstrates employee confidence in the bank's long-term prospects and provides them with equity participation in the institution's growth.
Corporate Communication
Axis Bank has formally communicated this development to the stock exchanges through its Company Secretary, Sandeep Poddar. The notification was sent to both the National Stock Exchange of India Limited and BSE Limited on April 28, 2026, ensuring compliance with listing requirements and maintaining transparency with stakeholders.
Capital Structure Impact
The allotment represents a marginal increase in the bank's equity base, with the total share count rising by 43,588 shares. This incremental expansion of the paid-up capital reflects the bank's commitment to employee welfare through equity-based compensation while maintaining its overall capital structure integrity.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.