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 submitted the detailed proceedings of the Postal Ballot concluded on April 19, 2025, covering three special resolutions for the re-appointment of Independent Directors. All three resolutions were passed with overwhelming shareholder support: Mr. Umesh Chandra Pandey and Mr. Anil Kumar Goel were re-appointed for a one-year term (Jan 21, 2025 to Jan 20, 2026) each, with 99.86% votes in favor, while Mr. Anand Kumar was re-appointed for a three-year term (Mar 3, 2025 to Mar 2, 2028) with 98.98% votes in favor. The promoter (Government of J&K), holding 654,098,280 shares, voted 100% in favor of all three resolutions. The voting was conducted electronically via KFin Technologies, with Mr. D S M Ram acting as the Scrutinizer.
This is a routine governance filing with no material impact on shareholders or the stock price. All three independent directors received near-unanimous approval, reflecting stable board continuity, though the relatively higher dissent on Mr. Anand Kumar's resolution (~1.02%) is noted.