J&KBANK · price
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Awaiting price reaction for this filing.
Jammu & Kashmir Bank submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, signed by Practicing Company Secretary CS Dhaman Kumar Pandoh. The bank was largely compliant with SEBI (LODR) Regulations, 2015, but received an administrative warning from SEBI on January 14, 2025 for delayed reporting of RBI approval regarding the appointment of MD & CEO. The bank has already approached SEBI on January 27, 2025 seeking revocation of this warning, and no monetary fine was imposed. From earlier years, an old fine of Rs. 15,000 plus GST on related party disclosure delays was revoked by NSE, but BSE's response is still awaited. Another Rs. 20,000 plus GST fine from BSE for FY 2021-22 disclosure delays has had the May 2021 portion waived, while the December 2021 portion waiver request remains under consideration.
This is a routine annual compliance filing with no material business impact. The SEBI warning is a minor procedural lapse with no penalty, and the bank is already seeking its revocation. Shareholders are unlikely to see any significant effect on the stock price.