Meeting Details

The 88th Annual General Meeting will be held on Tuesday, September 22, 2026 at 11:00 A.M. IST at Sher-i-Kashmir International Conference Centre (SKICC), Srinagar, J&K - 190001.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026, including Balance Sheet, Profit & Loss Account, Reports of Board of Directors and Auditors, and comments of the Comptroller and Auditor General of India.

2. To authorize the Board of Directors to fix the remuneration of Auditors appointed by C&AG for FY 2026-27.

Special Business:

3. Special Resolution to raise equity capital up to ₹1,000 Crores through various modes including Qualified Institutional Placement (QIP), private placement, or other permissible methods, while maintaining the Government of Union territory of J&K's shareholding at a minimum of 51%.

Key aspects of the capital raise resolution:

  • Securities may include equity shares and/or other permitted convertible instruments
  • May be issued to various investor categories including QIBs, NRIs, FIIs, mutual funds, etc.
  • Pricing for QIP to be determined as per ICDR Regulations with possible discount up to 5%
  • Minimum 10% allocation to mutual funds required
  • New shares to rank pari passu with existing equity shares
  • Board authorized to determine final terms, issue price, and complete necessary documentation

Voting Process and Methods

The Bank is providing remote e-voting facility through Bigshare Services Private Limited. The voting period is from September 19, 2026 (9:00 A.M.) to September 21, 2026 (5:00 P.M.).

Cut-off Date:

Tuesday, September 15, 2026 has been fixed as the cut-off date for determining shareholder eligibility for voting.

Scrutinizer Appointment:

CS Ghulam Jeelani Reshi, Practising Company Secretary (Membership no. FCS-8720, Certificate of Practice No. 10020) has been appointed as Scrutinizer to conduct the remote e-voting and voting during AGM.

Voting Methods:

  • Individual shareholders holding demat securities can vote through NSDL or CDSL systems using multiple login methods
  • Other shareholders and physical shareholders can vote through Bigshare's i-Vote platform at https://ivote.bigshareonline.com
  • Detailed voting instructions and helpdesk contacts provided for different shareholder categories

Compliance Information

The notice confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Banking Regulation Act, 1949
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Key Financial and Operational Information

  • No dividend recommended for FY 2025-26
  • CRAR as of FY 2025-26: 16.55% (Tier I: 14.44%, Tier II: 2.12%)
  • Projected CRAR for FY 2026-27 with capital infusion: 17.85%
  • Business growth targets include deposits growing to ₹185,265.68 crore and advances to ₹142,640.14 crore by March 2027
  • Capital requirement driven by Basel III implementation, credit risk expansion, regulatory transitions, and Expected Credit Loss provisions

Document Availability

The notice and Integrated Annual Report for FY 2025-26 are available on the Bank's website at https://jkb.bank.in/Investor/financial-information/annual-reports and on stock exchange websites (BSE and NSE).