Axis Bank Limited — Important, 24-07-2025: General Updates

Axis Bank's Board has revised the vesting schedule for 1,85,537 employee stock options. Previously vesting over three years (30/30/40), these options will now vest equally over four years at 25% annually, starting after one year from grant. This operational change, in line with RBI guidance, extends the incentive period for employees, promoting longer-term alignment with the bank's performance. All other terms, including the exercise price, remain unchanged.