Jammu and Kashmir Bank Ltd has appointed Mr. Bansi Lal Saini as its Chief Vigilance Officer (CVO) for a period of three years effective July 15, 2026. The appointment aims to strengthen the bank's vigilance and risk management framework with a leader possessing extensive experience in audit and compliance.

The decision was taken pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has disclosed that the appointment details are in line with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mr. Saini is a seasoned banking professional with over 30 years of leadership experience at the State Bank of India (SBI), culminating in his role as General Manager. His expertise spans large-scale business operations, financial inclusion, risk management, and audit frameworks. During his tenure at SBI, he managed high-value portfolios exceeding ₹1.5 lakh crore, led teams of over 5,000 employees, and oversaw networks of more than 500 branches.

Key Profile Details

In his final assignment at SBI as General Manager (Circle Audit Office, Delhi Circle), Mr. Saini spearheaded audit operations for 1,652 branches across Delhi, Uttarakhand, and parts of Haryana and Uttar Pradesh. He was recognized as a Member of the Chairman Club at SBI, a distinction awarded to top performers in the CVE category.

Jammu and Kashmir Bank has appointed Mr. Ashish Kundra and Mr. Pravin Raghavendra to its Board following the successful conclusion of a postal ballot conducted through remote e-voting. The resolutions secured the requisite majority, with over 98% of valid votes cast in favour of the appointments. The record date for determining shareholder eligibility was June 5, 2026.

Postal Ballot Results

The postal ballot sought shareholder approval for two key resolutions. Mr. Ashish Kundra, IAS (DIN: 06966214), was appointed as a Rotational Director via an Ordinary Resolution. Mr. Pravin Raghavendra (DIN: 09686944) was appointed as an Independent Director via a Special Resolution. The voting process was managed by M/s BigShare Services Private Limited.

Voting Summary

The total number of valid votes polled for the Ordinary Resolution was 781,351,592, representing 70.96% of the total outstanding shares. For the Special Resolution, the total valid votes polled were 781,351,567, also representing 70.96% of the outstanding shares. The scrutinizer's report confirmed that both resolutions were passed by the members.

Scrutinizer's Report

Arshad Hussain Mir, a Practising Chartered Accountant and Partner of M/s Amir Jan & Associates, was appointed as the Scrutinizer to ensure the voting process was conducted fairly. The report confirms that the e-voting facility was provided in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws. The remote e-voting concluded at 5:00 P.M. on July 11, 2026.