Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Jammu and Kashmir Bank Limited

Meeting Details

The 88th Annual General Meeting was held on Tuesday, September 22, 2026 at 11:00 A.M. (IST) at Sher-i-Kashmir International Conference Centre, Srinagar, J&K - 190001. The meeting ended at 01:05 PM.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements of the Bank for the Financial Year ended 31st March, 2026 along with the report of Board of Directors and Auditors thereon

2. Ordinary Resolution: Fixation of Remuneration to Statutory Auditors for the Financial Year 2026-27

3. Special Resolution: To raise Funds (Tier - I), subject to the maximum of Rs. 1000 Crores

4. Ordinary Resolution: To take on record retirement by rotation of Mr. R K Chhibber and not to fill the casual vacancy at the Annual General Meeting

5. Ordinary Resolution: To appoint Mr. Tsewang Tharchin, IA&AS (DIN: 11907418) as a Rotational Director on the Board of the Bank

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting platform provided by M/s Bigshare Services Private Limited
  • Physical voting through Ballot Paper at the venue of the AGM

The cut-off date for determining voting rights was Tuesday, September 15, 2026.

Key Voting Outcomes

Total Votes Cast:

  • 339 Members cast votes through remote e-voting
  • 156 Members cast votes through Ballot
  • Total shareholders on record date: 221,862

Shareholder Participation Breakdown:

  • Promoters and Promoter group present: 3
  • Public shareholders present: 298
  • No shareholders attended through video conferencing

Resolution-wise Voting Results:

Resolution 1 - Adoption of Financial Statements:

  • Total votes polled: 811,502,157 shares (73.6937% of outstanding shares)
  • Votes in favor: 809,258,165 (99.7235%)
  • Votes against: 2,243,992 (0.2765%)
  • RESULT: PASSED

Resolution 2 - Auditor Remuneration:

  • Total votes polled: 812,598,558 shares (73.7933% of outstanding shares)
  • Votes in favor: 811,368,014 (99.8486%)
  • Votes against: 1,230,544 (0.1514%)
  • RESULT: PASSED

Resolution 3 - Fund Raising (₹1000 Crores):

  • Total votes polled: 812,598,558 shares (73.7933% of outstanding shares)
  • Votes in favor: 812,558,710 (99.9951%)
  • Votes against: 39,848 (0.0049%)
  • RESULT: PASSED

Resolution 4 - Retirement of R K Chhibber:

  • Total votes polled: 812,598,558 shares (73.7933% of outstanding shares)
  • Votes in favor: 812,597,131 (99.9998%)
  • Votes against: 1,427 (0.0002%)
  • RESULT: PASSED

Resolution 5 - Appointment of Tsewang Tharchin:

  • Total votes polled: 812,598,558 shares (73.7933% of outstanding shares)
  • Votes in favor: 812,582,198 (99.998%)
  • Votes against: 16,360 (0.002%)
  • RESULT: PASSED

Scrutinizer's Role and Findings

Ghulam Jeelani Reshi, Company Secretary in Practice (Membership No. F8720, C.P. No. 10020) of Reshi and Associates, was appointed as Scrutinizer by the Board of Directors. The scrutinizer:

  • Locked the empty polling box in presence of two witnesses at the start of voting
  • Unlocked the polling box after completion of voting in presence of two witnesses
  • Scrutinized ballot papers and reconciled with RTA records and proxies lodged
  • Treated incomplete or defective ballot papers as invalid
  • Unblocked remote e-voting results before two independent witnesses
  • Certified that all resolutions passed with requisite majority

Compliance Confirmation

The voting process complied with the applicable provisions of the Companies Act, 2013 and rules made thereunder, as well as Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Information

  • The notice dated August 29, 2026, along with addendum dated September 14, 2026, was sent to shareholders
  • Physical/electronic voting records are under scrutinizer's custody and will be handed over to the Company Secretary after minutes approval
  • Total outstanding shares: 1,101,182,463
  • Promoter holding: 654,098,280 shares (59.40%)
  • Public Institutions holding: 208,521,231 shares (18.93%)
  • Public Non-Institutions holding: 238,562,952 shares (21.66%)

Note: Some data inconsistencies were noted in the source document regarding total share calculations across different sections.