The Jammu & Kashmir Bank Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
J&KBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jammu & Kashmir Bank has announced results of its postal ballot, with all three special resolutions passed by shareholders via remote e-voting. Resolution 1 re-appoints Ms. Shahla Ayoub as Independent Director, receiving 97.07% support (694.1 million votes in favour vs 20.9 million against). Resolution 2 appoints Mr. Prafulla Premsukh Chhajed as Independent Director with overwhelming 99.88% support (714.2 million in favour). Resolution 3, approval for raising Tier I Capital, received 97.12% support (715.1 million in favour, 21.2 million against). Of 242,452 shareholders on record date (Feb 13, 2026), around 729 cast votes. The promoter group (likely J&K government) voted 100% in favour on all three resolutions.
Shareholders have approved two board appointments (one re-appointment, one new independent director), strengthening the bank's governance. More significantly, the Tier I capital raise approval gives the bank the green light to raise fresh equity capital, which will improve its capital adequacy ratio, support future lending growth, and meet regulatory requirements — though institutional investors showed relatively lower support (83.34%) on the capital raise resolution, which is worth monitoring.