Proceedings of Postal Ballot
Awaiting price reaction for this filing.
Jammu and Kashmir Bank Limited concluded a Postal Ballot on June 22, 2025, 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. He was initially appointed as an Additional Director on March 27, 2025, and this Postal Ballot regularized his position as Independent Director. The voting was conducted via e-voting facilitated by KFin Technologies, with Mr. D S M Ram acting as the Scrutinizer. Out of 1,101,182,463 total shares, 755,840,827 votes (68.64%) were polled.
The Special Resolution was passed with overwhelming support — 99.99% of votes polled were in favor (755.8 million shares) and just 0.01% against. This is a routine corporate governance compliance step and is unlikely to have any material impact on the stock price, though it strengthens the Board's composition.