The Jammu & Kashmir Bank Limited has informed the Exchange about Statement of Deviation & Variation
J&KBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jammu & Kashmir Bank filed its quarterly statement (Q4 FY26) confirming no deviations in fund utilisation across 8 capital raises totaling Rs. 2,800.25 crores. The raises include 4 preferential issues (Rs. 250 crore in Mar 2017, Rs. 282 crore in Jun 2017, Rs. 500 crore each in Mar 2020 and Sep 2021), 2 ESPS rounds (Rs. 150 crore in Sep 2021, Rs. 274.75 crore in Mar 2023), and 2 QIP issues (Rs. 93.50 crore in Apr 2022, Rs. 750 crore in Dec 2023). All funds were deployed as intended - for business growth, long-term capital needs, and maintaining RBI-mandated Capital Adequacy Ratio. Audit committee and auditors both reported NIL comments, indicating clean utilisation.
Positive signal for existing shareholders. The bank has fully deployed all raised capital (Rs. 2,800+ crore) for stated purposes with zero deviation, suggesting disciplined capital deployment. No shareholder concerns arise from this filing.