Postal Ballot Results along with Scruitinizer''s Report
Awaiting price reaction for this filing.
Jammu and Kashmir Bank announced the results of a postal ballot conducted via remote e-voting, with all three special resolutions passed by shareholders with overwhelming majority. The resolutions were for the reappointment of Mr. Umesh Chandra Pandey (1 year) with 99.86% votes in favour, Mr. Anil Kumar Goel (1 year) with 99.86% votes in favour, and Mr. Anand Kumar (3 years) with 98.98% votes in favour. Total voting participation was approximately 69.15% of outstanding shares, with the promoter group (holding ~654 million shares, ~59% stake) voting 100% in favour of all resolutions. Out of 288,059 shareholders on record date, 1,101,182,463 shares were eligible to vote. The scrutinezer's report confirmed the resolutions were passed with the requisite majority under SEBI Listing Regulations.
All three independent directors have been successfully reappointed, ensuring board continuity and stability. The near-unanimous support signals strong shareholder confidence in the existing board composition, with no material financial or operational impact expected.