The Jammu & Kashmir Bank Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 26, 2025. Further, the company has informed the Exchange regarding voting results.
J&KBANK · price
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Awaiting price reaction for this filing.
Jammu & Kashmir Bank held its 87th AGM on August 26, 2025, in Srinagar, and all six ordinary resolutions were passed with the requisite majority. Key items approved include the adoption of audited financial statements for FY ending March 31, 2025 (99.90% in favor) and the declaration of a dividend on equity shares (99.99% in favor). Re-appointments of directors Dr. Pawan Kotwal, IAS (87.39% in favor) and Dr. Mandeep K Bhandari, IAS (92.21% in favor) passed but saw notable dissent, with public institutional investors voting 94.64% and 58.45% against respectively. Statutory auditor remuneration (99.99% in favor) and the appointment of M/s D K Pandoh & Associates as secretarial auditors for FY 2025-26 to 2029-30 (99.99% in favor) were also approved. The promoter (Government of J&K) holds 654 million shares, and about 68.7% of outstanding shares were polled overall.
This is a routine post-AGM compliance filing confirming shareholder approval of routine business, including the dividend. The significant institutional investor opposition to two director re-appointments may be a mild governance flag worth tracking, though it does not affect the dividend or financials.