J&K Bank postal ballot: two director appointments approved with strong majority

Board & Shareholder Meetings View source PDF

J&KBANK · price

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AI summary

Jammu and Kashmir Bank announced postal ballot results on July 13, 2026. Two resolutions were passed by shareholders through remote e-voting. Resolution 1 appointed Mr. Ashish Kundra, IAS, as a Rotational Director, with 98.95 percent votes in favor. Resolution 2 appointed Mr. Pravin Raghavendra as an Independent Director, with 99.91 percent in favor. About 781.3 million valid votes were polled out of 1,101 million shares (70.96 percent). Record date was June 5, 2026.

Likely market impact

Both director appointments confirmed with overwhelming support, including an Independent Director. Minimal market impact expected as outcomes were broadly anticipated.