Axis Bank accepts CFO Puneet Sharma's resignation effective Aug 31, 2026
Axis Bank has accepted the resignation of Chief Financial Officer Puneet Sharma, effective August 31, 2026, following a tenure of over six years. Concurrently, the Board approved the re-appointment of CH S S Mallikarjunarao as an Independent Director and Munish Sharda as an Executive Director, subject to necessary approvals.
*this image is generated using AI for illustrative purposes only.
Axis Bank has accepted the resignation of Puneet Sharma as Chief Financial Officer, effective at the close of business on August 31, 2026. Sharma tendered his resignation on June 28, 2026, to pursue the next phase of his professional journey, concluding a tenure of over six years focused on building financial controls and a resilient balance sheet. He will cease to be a key managerial personnel and a part of the senior management from the effective date. The Bank placed on record its appreciation for Sharma's contributions during his tenure.
Board Approvals
The Board of Directors, meeting on June 29, 2026, approved the re-appointment of two directors based on the recommendations of the Nomination and Remuneration Committee. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 2.00 pm IST and concluded at 4.00 pm IST.
CH S S Mallikarjunarao has been re-appointed as an Independent Director for a second term of four years, effective from February 1, 2027, to January 31, 2031, subject to shareholder approval. Munish Sharda has been re-appointed as a Whole-Time Director, designated as Executive Director, for a further period of three years, effective from February 27, 2027, to February 26, 2030, subject to approval by the Reserve Bank of India and the members of the Bank. The Bank confirmed that neither appointee is debarred from holding the office of director by any statutory authority.
The following table summarises the re-appointments approved at the board meeting:
| Director: | Role | Term | Effective Date | End Date |
|---|---|---|---|---|
| CH S S Mallikarjunarao | Independent Director | 4 years | February 1, 2027 | January 31, 2031 |
| Munish Sharda | Executive Director | 3 years | February 27, 2027 | February 26, 2030 |
Historical Stock Returns for Axis Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.63% | +2.48% | -6.40% | -6.33% | +17.34% | +66.34% |
Who is the leading candidate to succeed Puneet Sharma as CFO, and how might their appointment influence Axis Bank's financial strategy?
What impact will the CFO transition have on Axis Bank's upcoming quarterly earnings and investor confidence?
How will the re-appointment of Munish Sharda as Executive Director shape the bank's operational priorities over the next three years?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
