Jammu & Kashmir Bank Shareholders Approve Key Appointments and Capital Raising
Jammu & Kashmir Bank Limited announced that resolutions from a recent postal ballot were passed by its members with the requisite majority. The results, finalized on March 23, 2026, were confirmed through remote e-voting and are detailed in Annexure I.According to the results, Ms. Shahla Ayoub has been re-appointed as an Independent Director on the Bank's Board. Mr. Prafulla Premsukh Chhajed was also appointed as an Independent Director. Furthermore, shareholders approved a resolution regarding the raising of Tier I Capital by the Bank.
As of the record date of February 13, 2026, the Bank had 242,452 shareholders. A total of 715,082,512 votes were polled for the re-appointment of Ms. Ayoub, representing 92.99% of the outstanding shares. For the appointment of Mr. Chhajed, 715,076,700 votes were polled, representing 99.88% of the outstanding shares. The Tier I Capital raising resolution secured 715,067,313 votes, representing 97.12% of the outstanding shares.
The postal ballot results, along with a report from Scrutinizer Amir Jan & Associates, are available for review.
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