The Jammu & Kashmir Bank Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
J&K Bank has filed a compliance statement for the quarter ended June 30, 2025, confirming that there is no deviation or variation in the use of funds raised across eight separate issuances totalling roughly Rs. 2,800 crores. These include preferential issues in 2017, 2020, and 2021, ESPS (Employee Stock Purchase Scheme) tranches in 2021 and 2023, and Qualified Institutional Placements (QIPs) in 2022 and 2023. The full amount of each tranche (Rs. 250 cr, Rs. 282 cr, Rs. 500 cr, Rs. 500 cr, Rs. 150 cr, Rs. 93.50 cr, Rs. 274.75 cr, and Rs. 750 cr) has been utilised for the original stated purpose. The stated objective for all fund raises was supporting business growth, meeting long-term capital needs, and maintaining the Capital Adequacy Ratio as per RBI guidelines. No monitoring agency is applicable, and the Audit Committee has no comments.
This is a routine quarterly compliance filing that reassures shareholders that all capital raised historically has been deployed exactly as promised, with no misuse or diversion. No new business or financial information is disclosed, so the stock price is unlikely to react materially to this filing.