Jammu and Kashmir Bank filed its Business Responsibility and Sustainability Report for FY26 on August 29, 2026. The disclosure covers environmental metrics, social governance, and operational data for the financial year ended March 31, 2026.

The bank reported a reduction in total Scope 1 and Scope 2 greenhouse gas emissions to 22,506.06 tCO2e, down from 23,958.21 tCO2e in the previous year. Total energy consumption also declined to 153,153.18 GJ from 160,297.37 GJ in FY25.

Environmental Performance

Jammu and Kashmir Bank aims for carbon neutrality by 2040. In FY26, the bank recorded 7,774.15 tCO2e in Scope 1 emissions and 14,731.91 tCO2e in Scope 2 emissions. Energy intensity per crore rupee of turnover fell to 10.87 GJ/crore ₹ from 11.72 GJ/crore ₹.

Water withdrawal decreased to 143.83 kilolitres from 153.43 kilolitres. The bank generated 142.501 metric tonnes of waste, primarily e-waste (74.409 MT) and battery waste (68.092 MT), with all desktops recycled through vendor buy-back programs.

Social and Governance Metrics

The bank employs 12,137 people, with women constituting 26% of the workforce. Permanent employee turnover dropped to 0.39% from 0.45% in FY25. The board includes one female director, representing 11% of total members.

Sourcing from MSMEs and small producers rose significantly to 21.64% of total inputs from 14.58% in the prior year. Wages paid to employees in rural areas accounted for 35% of total wage costs.

What the Numbers Show

While absolute water consumption fell, groundwater withdrawal dropped sharply from 82.02 kilolitres to 68.42 kilolitres, while third-party water usage increased from 70.912 kilolitres to 74.913 kilolitres. This shift suggests a strategic move away from direct groundwater extraction toward municipal or treated sources, potentially reducing ecological strain despite stable overall consumption levels.

The report received reasonable assurance from SR Asia for core BRSR indicators including greenhouse gas emissions, water footprint, and employee well-being spending.

Jammu & Kashmir Bank has scheduled its 88th Annual General Meeting for September 22, 2026, with a key agenda item 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.

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 cut-off date for determining voting eligibility is fixed as September 15, 2026. 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.