Axis Bank Limited — Important, 07-08-2025: Updates

Axis Bank has withdrawn the nomination of Rajiv Anand from the Board of Directors of Axis Max Life Insurance Limited, an associate company. This key governance change comes as Mr. Anand recently took on the role of Managing Director and CEO at IndusInd Bank Limited. His resignation from the Axis Max Life board was a direct consequence of this new leadership position at a peer institution, prompting Axis Bank to withdraw his nomination. This update reflects a significant change in an associate's board composition.