Proceedings of Postal Ballot
Awaiting price reaction for this filing.
Jammu and Kashmir Bank has concluded a postal ballot process that ended on April 19, 2025, with shareholders approving all three special resolutions. The resolutions re-appointed Independent Directors Mr. Umesh Chandra Pandey and Mr. Anil Kumar Goel, each for a one-year term ending January 20, 2026, and Mr. Anand Kumar for a three-year term ending March 2, 2028. Voting was conducted entirely through e-voting, with about 69% of total shares (roughly 76.1 crore shares) participating. Promoters (holding 65.4 crore shares, around 59% of total) voted 100% in favour of all three resolutions. The resolutions for Pandey and Goel passed with 99.86% approval, while Anand Kumar's re-appointment passed with 98.98% approval.
This is a routine governance filing confirming the continuity of the bank's Independent Directors, with very strong shareholder support (above 98% across all three). No material impact on the stock price is expected, though institutional investors did register a slightly higher dissent (about 7.25% against) on Anand Kumar's re-appointment compared to the other two directors.