Jammu & Kashmir Bank has announced a change in its Board of Directors with the appointment of Mr. Shailendra Kumar, IAS as Government Nominee Director. The appointment comes as part of the Government of Jammu and Kashmir's nomination process for board representation in the bank.

Board Appointment Details

The Government of Jammu and Kashmir, through order no. 73-FD of 2026 dated March 02, 2026, has nominated Mr. Shailendra Kumar, IAS (DIN: 07352828) as Government Nominee Director on the Board of Directors. He replaces Mr. Santosh Dattatraya Vaidya, IAS (DIN: 05340193) in this position.

Profile of New Director

Mr. Shailendra Kumar brings extensive administrative experience to the board. He is a senior Indian Administrative Service officer of the 1995 batch, belonging to the AGMUT cadre. Currently, he serves as Financial Commissioner (Additional Chief Secretary), Finance Department, Government of Jammu and Kashmir.

Born on October 08, 1969, Mr. Kumar holds a Master's degree in History from Patna University. With nearly three decades of distinguished public service, he has demonstrated exemplary leadership, administrative acumen and a deep commitment to public welfare.

Regulatory Compliance

The bank has informed both the National Stock Exchange of India Limited and BSE Limited about this board change in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key compliance confirmations include:

• No relationships exist between directors inter-se
• Mr. Shailendra Kumar is not debarred from holding the office of Director by any SEBI order or any other authority
• All required disclosures have been made as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The appointment strengthens the bank's governance structure with the addition of an experienced administrative officer to oversee the institution's strategic direction and regulatory compliance.

Jammu & Kashmir Bank Limited has officially announced a change in its registrar and share transfer agent services, transitioning from KFin Technologies Limited to Bigshare Services Private Limited. The change represents a significant operational shift in the bank's investor servicing infrastructure.

Transition Timeline and Regulatory Compliance

The bank communicated this development to both the National Stock Exchange of India Limited and BSE Limited on February 27, 2026, in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Framework and Documentation

The appointment of Bigshare Services Private Limited as the new registrar has been coordinated with both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for electronic connectivity purposes. The bank has confirmed that the electronic connectivity became effective from February 27, 2026.

The bank has indicated that the tripartite agreement between Jammu and Kashmir Bank Limited, Bigshare Services Private Limited as the new RTA, and KFin Technologies Limited as the outgoing RTA is currently under process. This agreement, required under Regulation 7 of the SEBI Listing Regulations, will be communicated to the exchanges upon completion.

Previous Communication and Continuity

This announcement follows the bank's earlier communication dated January 20, 2026, regarding the proposed change of registrar services. The transition ensures continuity in investor services while maintaining compliance with all regulatory requirements. Company Secretary Mohammad Shafi Mir signed the official communication to the stock exchanges, confirming the bank's commitment to transparent disclosure practices.

The change in registrar services is part of the bank's operational management decisions and reflects the institution's focus on maintaining efficient investor servicing infrastructure.