The Jammu & Kashmir Bank Limited has informed the Exchange about DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015
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Jammu & Kashmir Bank has informed the stock exchanges that it has sent notices to shareholders whose KYC details (such as PAN, nomination, bank account details, mobile number, and specimen signature) are not updated in the Bank's or RTA's records. As per a SEBI circular dated May 7, 2024, dividend for FY 2024-25 will be paid to such shareholders only in electronic mode and only after they complete their KYC updation. Until KYC is updated, the dividend amount will be withheld. Shareholders have been asked to submit Forms ISR-1, ISR-2, and SH-13 (or ISR-3) with self-attested PAN and Aadhaar copies to the Bank's RTA, KFin Technologies Limited. No specific dividend amount has been declared yet; this is a preventive compliance step ahead of any dividend declaration.
This is a routine compliance disclosure and not a material event for the stock price. Shareholders with outdated KYC may face delays in receiving any dividend declared for FY 2024-25 unless they update their details promptly with the RTA (KFin Technologies).