The Jammu & Kashmir Bank Limited has informed the Exchange regarding Proceedings of Postal Ballot along with a copy of minutes.
J&KBANK · price
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Jammu & Kashmir Bank has filed the proceedings of a postal ballot concluded on June 22, 2025, for the appointment of Mr. Sankarasubramanian Krishnan (DIN: 07261965) as an Independent Director for a 3-year term (March 27, 2025 to March 26, 2028). He had already been serving as an Additional Director since March 27, 2025. The special resolution passed with overwhelming support — 99.99% of votes polled were in favor, with only 41,486 votes against. Out of 1,101.18 million total shares, 755.84 million votes were polled (68.64% turnout), with promoters and promoter group voting 100% in favor and public institutions also showing 100% support. Retail (non-institutional) shareholders had very low participation at 0.20%, though 93.21% of those who voted supported the resolution.
This is a routine governance and regulatory compliance update confirming the formal appointment of an independent director. With near-unanimous shareholder approval, the appointment is now fully secured for the 3-year term, strengthening the bank's board independence. No material impact on stock price is expected.