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Background and Process Details

The Board of Directors of Jammu and Kashmir Bank Limited decided on June 05, 2026 to obtain shareholder consent through postal ballot for the appointment of two directors. The postal ballot notice was dated June 10, 2026 and sent electronically to members whose names appeared on the Register of Members/List of Beneficial Owners as on June 05, 2026.

The voting period commenced at 0900 hours IST on June 12, 2026 and ended at 1700 hours IST on July 11, 2026. The bank utilized the services of Bigshare Services Private Limited for facilitating e-voting, and Mr. Arshad Hussain Mir, Practicing Chartered Accountant, was appointed as the Scrutinizer for the process. Physical copies of notices and ballot forms were not sent to members in accordance with MCA Circulars.

Resolution Results

Resolution No. 01: Appointment of Mr. Ashish Kundra, IAS (DIN: 06966214) as Rotational Director

  • Resolution Type: Ordinary Resolution
  • Voting Results:
  • Total shares outstanding: 1,101,182,463
  • Total votes polled: 781,351,592 (70.96% of outstanding shares)
  • Votes in favor: 773,146,094 (98.95% of votes polled)
  • Votes against: 8,205,498 (1.05% of votes polled)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 654,098,280 shares voted, 100% in favor
  • Public - Institutions: 127,040,388 votes polled (70.87% of category), 93.55% in favor
  • Public - Non Institutions: 212,924 votes polled (0.08% of category), 93.54% in favor
  • Result: The ordinary resolution was passed with requisite majority.

Resolution No. 02: Appointment of Mr. Pravin Raghavendra (DIN: 09686944) as Independent Director

  • Resolution Type: Special Resolution
  • Term: Three consecutive years from April 23, 2026 to April 22, 2029
  • Voting Results:
  • Total shares outstanding: 1,101,182,463
  • Total votes polled: 781,351,567 (70.96% of outstanding shares)
  • Votes in favor: 780,611,762 (99.91% of votes polled)
  • Votes against: 739,805 (0.09% of votes polled)
  • Category-wise Breakdown:
  • Promoter & Promoter Group: 654,098,280 shares voted, 100% in favor
  • Public - Institutions: 127,040,388 votes polled, 99.43% in favor
  • Public - Non Institutions: 212,899 votes polled, 91.87% in favor
  • Result: The special resolution was passed with requisite majority.

Director Background Information

Both directors were initially appointed as Additional Directors of the Bank by the Board of Directors pursuant to Section 161(1) of the Companies Act, 2013 read with Article 78 of the Articles of Association of the Bank at its meeting held on April 22, 2026, with effect from April 23, 2026. Mr. Pravin Raghavendra submitted a declaration confirming that he meets the criteria of independence prescribed under the Companies Act and SEBI Listing Regulations.

Scrutinizer Report

The Scrutinizer submitted the vote scrutiny report on July 13, 2026, confirming the fair and transparent conduct of the postal ballot process.