The Jammu & Kashmir Bank Limited has informed the Exchange regarding Proceedings of Postal Ballot along with a copy of minutes.
J&KBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jammu & Kashmir Bank has disclosed the results of its postal ballot concluded on March 21, 2026, in which shareholders approved three special resolutions with overwhelming majorities. The resolutions include: (1) re-appointment of Ms. Shahla Ayoub as Independent Director for 3 years (passed with 97.07% in favor), (2) appointment of Mr. Prafulla Premsukh Chhajed as Independent Director for 3 years (passed with 99.88% in favor), and (3) approval to raise Tier I Capital up to Rs. 750 Crores through equity shares or convertible securities via private placement, Qualified Institutional Placement (QIP), or other RBI-approved modes (passed with 97.12% in favor). E-voting participation was around 65-67% of total shares, with promoter group (holding ~59.4% of shares) voting 100% in favor of all resolutions.
The Rs. 750 Crore capital raise authorization, if executed via the QIP or equity route, could lead to dilution of existing shareholders, though the exact quantum, pricing, and timing remain at the Board's discretion. The strong voting margins and unanimous promoter support suggest smooth execution, but investors should watch for the actual fundraising announcement which could affect the stock price.