The Jammu & Kashmir Bank Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Jammu & Kashmir Bank has submitted a statement to the stock exchange under Regulation 32 of the SEBI Listing Regulations, reporting deviations or variations in the use of proceeds raised through a prior securities issuance (such as a public issue, rights issue, or preferential allotment). Under Reg. 32, listed companies must disclose whether the funds raised were deployed for the purposes originally disclosed in the offer document, and explain any gaps between planned and actual usage. The headline does not specify the original issue, the amount involved, or the nature of the deviation. Investors should check the full filing on the NSE website for details on which objects of the issue were changed and the revised timeline for fund utilisation.