Axis Bank has successfully completed its postal ballot process, with shareholders approving the appointment of two new directors to strengthen the bank's leadership team. The results, announced on January 19, 2026, demonstrate strong shareholder confidence in the proposed appointments.

Postal Ballot Process and Timeline

The postal ballot was conducted entirely through remote e-voting facilitated by National Securities Depository Limited (NSDL). The voting period commenced at 9:00 AM on December 20, 2025, and concluded at 5:00 PM on January 18, 2026. The bank had set December 12, 2025, as the cut-off date for determining shareholder eligibility, with 889,363 total shareholders on record.

Director Appointments Approved

Shareholders approved two critical appointments that will enhance the bank's governance structure. The first resolution concerned the appointment of Neeraj Gambhir as Executive Director, while the second involved appointing Malavika R. Harita as Independent Director.

Neeraj Gambhir - Executive Director Appointment

The appointment of Neeraj Gambhir (DIN: 00257375) as Director and Whole-time Director designated as Executive Director received substantial shareholder support. This ordinary resolution also covers the payment of remuneration for the position.

Malavika R. Harita - Independent Director Appointment

The special resolution for appointing Malavika R. Harita (DIN: 09005600) as Independent Director received even stronger support from shareholders, reflecting confidence in her qualifications and independence.

Shareholder Participation Analysis

The postal ballot witnessed significant participation across different shareholder categories. Promoter and Promoter Group showed complete support with 100% votes in favor of both resolutions. Public Institutions demonstrated strong participation with 88.42% of their shares being voted, while Public Non-Institutions had lower but meaningful participation at approximately 0.27%.

Scrutinizer Certification

CS KVS Subramanyam of Ahalada Rao V & Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the remote e-voting process was conducted in a fair and transparent manner, with results compiled accurately based on data provided by the e-voting agency. The votes were unblocked at 5:01 PM on January 18, 2026, in the presence of two independent witnesses.

The successful completion of this postal ballot strengthens Axis Bank's board composition with the addition of experienced professionals in executive and independent director roles, positioning the bank for continued growth and enhanced governance.

Axis Bank witnessed a significant block trade on the National Stock Exchange (NSE) worth ₹62.80 crores, highlighting substantial institutional investor activity in the banking sector.

Transaction Details

The block trade involved a considerable volume of shares and was executed at a specific price point, demonstrating organized institutional participation in the stock.

Understanding Block Trades

Block trades represent large-volume transactions that are typically executed outside the regular market order book to minimize market impact. These transactions usually involve institutional investors such as mutual funds, insurance companies, pension funds, or foreign institutional investors making strategic investment decisions.

The execution of such substantial trades often indicates confidence in the underlying stock's fundamentals or represents portfolio rebalancing activities by large institutional players. The specific pricing and volume suggest a well-coordinated transaction between institutional parties.

Market Implications

The transaction value of ₹62.80 crores represents a significant single-day institutional activity in Axis Bank shares. Such block trades are closely monitored by market participants as they can provide insights into institutional sentiment and potential future price movements, though they are executed in a manner designed to minimize immediate market disruption.