Jammu & Kashmir Bank has signed an escrow agreement to sell its 0.5% stake in PNB Metlife India Insurance Company Limited for ₹120.10 crore.

The agreement was executed on September 21, 2026, with MetLife International Holdings, LLC as the purchaser. The transaction follows a Share Purchase Agreement dated July 17, 2026.

Transaction details

The escrow arrangement involves Barclays entities acting as agents to secure the interests of both parties during the transfer of shares and consideration.

Regulatory disclosures

The bank disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction is not a related-party transaction and that it holds no shareholding in the counterparty or the escrow agents.

Jammu and Kashmir Bank will have its Managing Director and Chief Executive Officer, along with the management team, participate in the Emerging India CEO Conference on September 28, 2026. The event is being organized by Nuvama Institutional Equities and will take place in Mumbai.

Disclosure Details

The bank issued a disclosure under Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing confirms the scheduled participation of the leadership team in the investor interaction.

Key Parameters

The interaction is subject to specific constraints regarding information sharing and availability:

• Discussions will be limited to publicly available documents.
• No unpublished price-sensitive information will be shared during the conference.
• No audio, video, or transcript will be made available as the conference is conducted in physical mode.
• Participation remains subject to change due to exigencies on the part of the investors or the bank.

Mohammad Shafi Mir, Company Secretary, signed the disclosure dated September 19, 2026.