Jammu & Kashmir Bank appointed Tsewang Tharchin as an Additional Director in the category of Rotational Directors on August 31, 2026. The appointment requires shareholder approval.

The Board of Directors approved the move during its meeting held on Monday, August 31, 2026. The session commenced at 11:45 am and concluded at 5:45 pm.

Director Profile

Tsewang Tharchin (DIN: 11907418) is a 2007 batch officer of the Indian Audit and Accounts Service. He joined the Ladakh Administration as Commissioner Secretary of the Finance Department on July 6, 2026.

Prior to this role, he served as Accountant General (Audit) for Jammu and Kashmir from November 6, 2025. His earlier postings include Dy Accountant General in J&K and Sr Dy Accountant General roles involving state government accounts compilation.

Tharchin also worked as a Financial Advisor at the National Company Law Tribunal in New Delhi from 2021 to 2024 and later as Principal Director at the Comptroller and Auditor General of India office. He led audits for several Indian missions abroad, including in Saudi Arabia and Iraq.

Regulatory Disclosure

The bank made the disclosure pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

There are no inter-se relationships between directors disclosed for this appointment. Tharchin is not debarred from holding office by any SEBI order or other authority.

Jammu & Kashmir Bank has scheduled its 88th Annual General Meeting for September 22, 2026, seeking shareholder approval for a potential capital infusion of up to ₹1,000 crore. The meeting will be held at the Sher-i-Kashmir International Conference Centre in Srinagar.

The bank’s Board of Directors has proposed a special resolution to create and issue equity shares or other convertible securities. This move aims to strengthen the bank’s capital base through private placements, Qualified Institutional Placements (QIPs), or other RBI-approved modes.

Capital Raise Details

The proposed issuance is subject to strict regulatory approvals from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The resolution allows the board to determine the timing, pricing, and specific categories of investors, which may include Foreign Institutional Investors (FIIs), mutual funds, and insurance companies.

A critical condition attached to this capital raise is the maintenance of the Government of the Union Territory of Jammu & Kashmir’s shareholding at a minimum of 51%. This ensures that the public sector entity retains majority control despite the dilution from new equity issuances.

E-Voting and Meeting Logistics

Shareholders registered with email addresses will receive the AGM notice and the Integrated Annual Report for FY26 electronically. Those without registered emails will receive physical letters containing web links and QR codes for access. The notice was dispatched on August 29, 2026.

Remote e-voting facility is provided through M/s Bigshare Services Private Limited. The voting rights are determined based on shareholding as on the cut-off date.

Members holding shares as on the cut-off date are entitled to vote during remote e-voting or at the AGM. If a member casts votes by both modes, the remote e-voting shall prevail. The ordinary business includes adopting the audited financial statements for the fiscal year ended March 31, 2026, and authorizing the board to fix auditor remuneration for FY27.