Jammu & Kashmir Bank Limited has announced the cessation of Mr. Ambrish Kumar Mishra as Chief Vigilance Officer (CVO) upon completion of his term. The bank formally communicated this development to stock exchanges on April 24, 2026, ensuring compliance with regulatory disclosure requirements.

Key Details of the Cessation

The cessation became effective from the close of business hours on April 23, 2026. As per the bank's disclosure, Mr. Mishra's departure was due to the natural completion of his term rather than resignation or removal. With his cessation as CVO, he has also ceased to be a Senior Management Personnel of the bank.

Regulatory Compliance and Communication

The bank's disclosure was made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was sent to both major stock exchanges where the bank's shares are listed.

The formal communication was addressed to:

• National Stock Exchange of India Limited at Exchange Plaza, Bandra Kurla Complex, Mumbai
• The BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai

Official Documentation

Company Secretary Mohammad Shafi Mir signed the disclosure document digitally, with the communication bearing reference number JKB/BS/F3652/2026/017 dated April 24, 2026. The disclosure includes comprehensive details as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The bank emphasized that this information is being shared for appropriate market dissemination, ensuring transparency in corporate governance matters. The cessation represents a routine organizational change following the natural completion of the officer's designated term.

Jammu & Kashmir Bank has announced significant additions to its Board of Directors with the appointment of two Additional Directors, strengthening its governance structure with experienced professionals from administrative and banking sectors.

Board Appointments Approved

The Board of Directors approved the following appointments during its meeting held on April 22, 2026:

New Director Appointments

The bank has appointed two distinguished professionals to enhance its board composition:

Profile of Mr. Ashish Kundra, IAS

Mr. Ashish Kundra brings extensive administrative experience as an IAS officer of the 1996 batch (AGMUT Cadre). He currently serves as Chief Secretary, Union Territory of Ladakh, having assumed charge on January 01, 2026. His distinguished career includes:

• Delhi Government Roles: Principal Secretary to the Hon'ble Lieutenant Governor and Transport, focusing on policy formulation, infrastructure development, and urban transport
• Electoral Management: Chief Electoral Officer in Mizoram, managing electoral processes in challenging environments
• Northeast Experience: Commissioner & Secretary in Mizoram Government and District Magistrate, Saihat
• Union Territory Administration: Administrator of Daman & Diu and Dadra & Nagar Haveli (2014-2018)
• Author: "Resurgent Northeast – Narratives of Change" providing insights into Northeast India's development

Profile of Mr. Pravin Raghavendra

Mr. Pravin Raghavendra brings over 35 years of banking expertise, having held senior leadership positions at State Bank of India (SBI):

Key Career Highlights:

• Deputy Managing Director & Chief Operating Officer: Supervised operations of over 24,000 branches, led digital transformation and fraud management systems
• Deputy Managing Director (Agri & SME): Managed agriculture and MSME portfolios, introduced innovative loan products
• Chief General Manager, Mumbai Metro Circle: Led one of SBI's largest circles during Covid-19, achieving strong business growth and NPA reduction

Educational Qualifications:

• JAIIB - Indian Institute of Banking & Finance
• LLB - Patna Law College
• B.Sc. (Hons.) Mathematics - Patna Science College

Regulatory Compliance

The appointments comply with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors have been confirmed as not being debarred from holding directorship by any SEBI order or other authority. The directors have disclosed no inter-se relationships with existing board members.

Corporate Governance Enhancement

These strategic appointments reflect the bank's commitment to strengthening its governance framework by bringing together administrative excellence and deep banking expertise. The addition of an experienced IAS officer and a seasoned banking professional is expected to enhance the board's oversight capabilities and strategic decision-making processes.