Postal Ballot Results
Awaiting price reaction for this filing.
Jammu and Kashmir Bank Limited (J&K Bank) has announced the results of its postal ballot conducted via remote e-voting, which concluded on June 22, 2025. The single special resolution was to appoint Mr. Sankarasubramanian Krishnan (DIN: 07261965) as an Independent Director on the bank's board. Out of 282,340 shareholders on record, voting took place on 1,101,182,463 total shares, with 755,840,827 votes polled (68.64% participation). The resolution passed overwhelmingly with 99.99% votes in favour (755,799,341 votes) and only 41,486 votes against. Promoters (100% of their holding voted), public institutions (67.98% turnout, all in favour), and public non-institutions (0.20% turnout, 93.22% in favour) all supported the appointment.
The appointment of a new Independent Director strengthens the bank's board governance. The near-unanimous shareholder approval (99.99%) signals strong institutional and promoter confidence in the bank's leadership direction. No material impact on stock price is expected as this is a routine governance matter.