The Government of Jammu and Kashmir and the Administration of the Union Territory of Ladakh have confirmed that they did not create any encumbrance on shares held in Jammu and Kashmir Bank during the financial year ended March 31, 2026. This disclosure, submitted to the National Stock Exchange and BSE, confirms that the promoters' shareholding remains free of pledges or indirect charges as of the reporting date.

The confirmations were issued in separate letters addressed to the exchanges under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Shailendra Kumar, Financial Commissioner of the Government of Jammu and Kashmir, and Dr. Laltinkhuma Franklin, Secretary of Finance for the UT of Ladakh, signed the respective disclosures on behalf of their administrations.

Key Disclosures

The letters explicitly state that the promoters have not made any encumbrance, directly or indirectly, on the shares held by them in Jammu and Kashmir Bank Limited during the financial year. Both the Government of Jammu and Kashmir and the UT of Ladakh are identified as promoters and shareholders of the bank.

Jammu and Kashmir Bank has initiated a postal ballot process to seek shareholder approval for the appointment of two directors to its Board. The resolutions pertain to the appointment of Mr. Ashish Kundra, IAS, as a rotational director and Mr. Pravin Raghavendra as an independent director. The e-voting period is scheduled from June 12, 2026, to July 11, 2026.

The Bank has appointed CA Arshad Hussain Mir, a Practicing Chartered Accountant, as the scrutinizer to conduct the postal ballot in a fair and transparent manner. M/s Bigshare Services Private Limited has been engaged as the registrar to provide the e-voting facility. Shareholders registered as of June 05, 2026, are eligible to vote on these resolutions. Physical copies of the postal ballot notice are not being dispatched; members must use the remote e-voting facility to participate.

Resolutions for Approval

The first resolution seeks approval for the appointment of Mr. Ashish Kundra, IAS (DIN: 06966214), as a rotational director. He was initially appointed as an additional director on April 23, 2026, and is liable to retire by rotation. The Board recommends this ordinary resolution based on the recommendation of the Nomination and Remuneration Committee.

The second resolution proposes the appointment of Mr. Pravin Raghavendra (DIN: 09686944) as an independent director for a term of three years commencing from April 23, 2026, to April 22, 2029. He was also appointed as an additional director on April 23, 2026. This special resolution is subject to the provisions of the Banking Regulation Act, 1949.

Director Profiles

Mr. Ashish Kundra, an IAS officer of the 1996 batch, is currently the Chief Secretary of the Union Territory of Ladakh. He holds 4,58,29,445 shares in the Bank and has attended one out of two board meetings since his appointment.

Mr. Pravin Raghavendra is a retired banking professional with over 35 years of experience, formerly serving as Deputy Managing Director & Chief Operating Officer at State Bank of India. He has received sitting fees of ₹1,20,000 since his appointment and holds no shares in the Bank.

Voting Schedule and Process

The remote e-voting facility will be available to shareholders from June 12, 2026, at 09:00 hours IST until July 11, 2026, at 17:00 hours IST. The results of the voting will be announced on or before July 14, 2026, and will be displayed on the Bank's website and the website of M/s Bigshare Services Private Limited.

Shareholders can cast their votes electronically through the NSDL or CDSL depository systems or via the Bigshare e-Voting portal. For assistance, shareholders may contact NSDL at evoting@nsdl.co.in or CDSL at helpdesk.evoting@cdslindia.com . The Bank's share department can be reached at sharedept@jkbmail.com or 01942483775.