The Jammu & Kashmir Bank Limited has informed the Exchange regarding Notice of Postal Ballot
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Jammu & Kashmir Bank has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Sankarasubramanian Krishnan (DIN: 07261965) as an Independent Director for a 3-year term from March 27, 2025 to March 26, 2028. Mr. Krishnan is a veteran banker with over 40 years of experience, having served as MD & CEO of Punjab & Sind Bank and Tamilnad Mercantile Bank, and as Executive Director of Syndicate Bank and Canara Bank. The e-voting window runs from May 24, 2025 (9:00 AM IST) to June 22, 2025 (5:00 PM IST), with results expected by June 24, 2025. The resolution is being passed as a Special Resolution through remote e-voting only, with KFin Technologies as the e-voting agency and Shri DSM Ram appointed as Scrutinizer.
This is a routine governance item with low stock price impact. However, bringing in a highly experienced former banker and ex-MD & CEO of multiple banks may strengthen the Board's oversight and strategic direction. Shareholders are encouraged to vote during the e-voting window.