Axis Bank Limited — Board Meeting, 31-01-2025: Outcome of Board Meeting

The Board of Directors of Axis Bank has approved a revision in the vesting period for 5,53,963 stock options under the Employees Stock Option Scheme – 2000-01. The options will now vest equally over four years at 25% per year, starting one year from the grant date, in contrast to the previous structure of 30%, 30%, and 40% vesting over three years. All other terms, including the exercise price, remain unchanged. This decision aligns with directives from the Reserve Bank of India and recommendations from the Nomination and Remuneration Committee.