Jammu and Kashmir Bank Limited has filed a disclosure of related party transactions on a consolidated basis for the half-year ended 31st March, 2026, in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both the National Stock Exchange of India Limited and The BSE Limited on 5th May, 2026. The total aggregate value of all related party transactions during the reporting period stood at ₹70.19 crores.

Overview of Related Party Transactions

The transactions reported cover the half-year period from 01st October, 2025 to 31st March, 2026, and involve the bank's 100% subsidiary, its associate entity, and key managerial personnel. The disclosures have been drawn in accordance with applicable accounting standards as required under SEBI listing regulations. The following table presents a comprehensive breakdown of all related party transactions reported during the period.

The said amount is the variable pay of previous FYs due and paid in FY 2025-26.

**This amount includes salary of FY2025-26 and the variable pay of previous FYs due and paid in FY2025-26.

Transactions with Subsidiary and Associate

The largest component of the disclosed related party transactions pertains to Jammu and Kashmir Grameen Bank, the bank's associate entity, with an interest payment of ₹65.85 crores on deposits kept in the shape of Fixed Deposits. Additionally, Jammu and Kashmir Grameen Bank received ₹0.53 crores as interest on a Secured Overdraft Facility (SOD) and ₹0.65 crores for IT Support Services (Provision). Transactions with JKB Financial Services Ltd, the bank's 100% subsidiary, included interest paid of ₹0.40 crores, interest received of ₹0.25 crores, reimbursement of revenue expenditure of ₹0.20 crores, and an outstanding balance of ₹0.04 crores.

Key Managerial Personnel Remuneration

The disclosure also covers remuneration and variable pay disbursements to key managerial personnel during the reporting period. The following key individuals were included in the related party disclosures:

• Mr. Amitava Chatterjee (MD & CEO): ₹0.90 crores (includes salary for FY2025-26 and variable pay of previous FYs)
• Mr. Baldev Prakash (Ex MD & CEO): ₹0.36 crores (variable pay pertaining to previous FYs, paid in FY2025-26)
• Mr. Sudhir Gupta (Executive Director): ₹0.50 crores (includes salary for FY2025-26 and variable pay of previous FYs)
• Mr. Pratik D Punjabi (Ex CFO): ₹0.11 crores (variable pay pertaining to previous FYs, paid in FY2025-26)
• Mr. Ketan Kumar Joshi (CFO): ₹0.23 crores
• Mr. Mohammad Shafi Mir (Company Secretary): ₹0.17 crores

Regulatory Compliance

The disclosure was made pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted by Company Secretary Mohammad Shafi Mir on behalf of Jammu and Kashmir Bank Limited. The filing is dated 5th May, 2026, and covers all related party transactions on a consolidated basis for the half-year period ended 31st March, 2026. The total value of all reported transactions aggregated to ₹70.19 crores.

Jammu & Kashmir Bank Limited has submitted its Statement of Deviation/Variation in utilisation of funds raised, as required under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026. The disclosure, filed on May 05, 2026, and signed by Company Secretary Mohammad Shafi Mir, covers eight separate fund-raising exercises undertaken by the bank between 2017 and 2023. Across all eight instances, the bank has confirmed that there is no deviation or variation in the utilisation of funds raised.

Fund Utilisation Overview

The disclosures encompass funds raised through multiple modes, including Preferential Issues, Employee Share Purchase Schemes (ESPS), and Qualified Institutional Placements (QIP). In each case, the stated objective was to meet the needs of growing business, including long-term capital requirements for pursuing the bank's growth plans and to maintain the Capital Adequacy Ratio as per regulatory guidelines and norms laid down by the Reserve Bank of India. The bank has confirmed that all funds raised have been fully utilised in line with their original stated objectives, with no modifications to the original allocation or object in any of the issuances.

Issuance-Wise Fund Utilisation Details

The following tables summarise the key details of each fund-raising issuance covered in the disclosure for the quarter ended March 31, 2026:

Audit Committee and Auditor Comments

For all eight issuances, the Audit Committee's comments after review are recorded as NIL, and auditor comments are either NIL or Not Applicable, as applicable. No monitoring agency has been appointed for any of the issuances, as the bank has confirmed that the monitoring agency requirement is not applicable across all disclosures.

Regulatory Compliance

The filing confirms full compliance with Regulation 32 of the SEBI (LODR) Regulations, 2015, for the quarter ended March 31, 2026. The bank has stated that in each of the eight fund-raising exercises, the original allocation remains unchanged, the funds have been fully utilised as per the original object, and the amount of deviation or variation for the quarter is recorded as zero across all issuances. The disclosure was submitted to both the National Stock Exchange of India Ltd and The BSE Limited.