Jammu & Kashmir Bank has announced a significant change in its administrative structure with the appointment of a new Registrar and Transfer Agent. The bank's Board of Directors has approved the transition from its current service provider to a new partner, marking an important operational update for shareholders and investors.

Board Approval and Timeline

The Board of Directors of J&K Bank approved the appointment of Bigshare Services Private Limited as the new Registrar to an Issue and Share Transfer Agent (RTA) during their meeting held on January 20, 2026. The meeting commenced at 11:00 AM and concluded at 03:20 PM, with this appointment being one of the key decisions taken.

Reason for Change

The appointment of Bigshare Services Private Limited comes as a result of the impending completion of the contract period with the existing RTA, KFin Technologies Limited. This change represents a natural progression in the bank's operational management rather than any performance-related issues with the current service provider.

Transition Details

To ensure seamless service continuity for shareholders, J&K Bank has established a clear transition timeline. KFin Technologies Limited will continue to provide services to shareholders until the close of business hours on February 28, 2026, serving as the cut-off date. From March 1, 2026, Bigshare Services Private Limited will assume all responsibilities as the bank's RTA.

Regulatory Compliance

The announcement has been made in compliance with Regulation 30, 51, and 7 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has also adhered to the requirements specified in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance throughout the transition process.

This change in RTA services is expected to maintain the high standards of shareholder services that J&K Bank customers have come to expect, with Bigshare Services Private Limited taking over all registrar and transfer agent responsibilities from the specified effective date.

Jammu & Kashmir Bank has demonstrated improved asset quality performance in the third quarter, with key non-performing asset ratios showing sequential improvement. The bank's asset quality metrics reflect ongoing efforts to maintain a healthy loan portfolio and effective risk management practices.

Asset Quality Performance

The bank's asset quality indicators showed positive movement during the quarter. Both gross and net non-performing asset ratios registered sequential improvements, indicating better portfolio management and recovery efforts.

| Asset Quality Metric: | Q3 | Previous Quarter | Change || | ---: | :--- | :--- | :--- | | Gross NPA Ratio: | 3.00% | 3.32% | -0.32% | | Net NPA Ratio: | 0.68% | 0.76% | -0.08% |

GNPA and NNPA Trends

The gross non-performing assets ratio declined to 3.00% in Q3 from 3.32% in the previous quarter, representing a decrease of 32 basis points. This improvement suggests better asset quality management and potentially successful resolution of some stressed assets.

The net non-performing assets ratio also showed improvement, falling to 0.68% from 0.76% quarter-on-quarter. The 8 basis point decline in NNPA ratio indicates the bank's ability to maintain adequate provisioning while managing its non-performing portfolio effectively.

Portfolio Management Focus

The sequential improvement in both GNPA and NNPA ratios demonstrates the bank's continued emphasis on maintaining asset quality standards. These metrics are crucial indicators of a bank's operational efficiency and risk management capabilities, particularly in the current economic environment.

The declining trend in non-performing asset ratios suggests that the bank's credit assessment processes and recovery mechanisms are functioning effectively, contributing to overall portfolio health and operational stability.