Jammu & Kashmir Bank has announced significant changes in its senior management structure with the elevation of two experienced executives to Chief General Manager positions. The bank informed stock exchanges on March 7, 2026, about the promotions under Regulation 30 of SEBI listing requirements.

Senior Management Promotions

The bank has elevated Mr. Ashutosh Sareen and Mr. Rajesh Malla Tickoo from their positions as General Managers to Chief General Managers, effective March 6, 2026. Both executives have demonstrated exceptional leadership and operational expertise throughout their tenure with the bank.

Executive Profiles and Experience

Mr. Ashutosh Sareen has been associated with the bank since 1989 and has been handling critical assignments at operational and administration levels over the last more than 36 years. He is a Commerce graduate with a degree in law, bringing diverse academic qualifications to his banking expertise.

Mr. Rajesh Malla Tickoo joined the bank in 1989 as a Probationary Officer and has since handled several critical assignments across both operational and administrative domains. Over the past 36 years, he has demonstrated extensive experience and leadership in banking functions. He holds a Bachelor's degree in Science.

Regulatory Compliance

The promotions were announced in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank provided detailed information as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The elevations recognize the significant contributions of both executives to the bank's operations and their proven track record in managing critical banking functions across multiple decades of service.

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.