The Jammu & Kashmir Bank Limited has informed the Exchange regarding Cessation of Mr Santosh Dattatraya Vaidya, IAS as Non- Executive Nominee Director of the company w.e.f. March 02, 2026.
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Jammu & Kashmir Bank has informed the stock exchanges that Mr. Santosh Dattatraya Vaidya, IAS ceased to be a Non-Executive Government Nominee Director effective March 2, 2026. In his place, the Government of Jammu & Kashmir has nominated Mr. Shailendra Kumar, IAS (a 1995-batch AGMUT cadre officer currently serving as Financial Commissioner/Additional Chief Secretary, Finance Department) as the new Government Nominee Director. The new appointee will hold office until the J&K Government withdraws the nomination. The bank confirmed that Mr. Shailendra Kumar is not debarred from holding a directorship by any authority.
This is a routine government-nominee board change with no material impact on the bank's operations or financials. The J&K Government remains a key shareholder and its nominee presence on the board is unchanged in nature.