Jammu & Kashmir Bank Limited announced the re-appointment of Ms. Shahla Ayoub as an Additional Independent Director for a three-year term. The Board of Directors approved this decision during their meeting held on December 23, 2025, subject to shareholder approval.

Director Re-appointment Details

The bank's Board has approved Ms. Shahla Ayoub's re-appointment in the category of Independent Directors for a further period of three years. Her new term will be effective from December 26, 2025, to December 25, 2028 (both days inclusive).

Professional Background

Ms. Shahla Ayoub is described as a young Economist of J&K who currently serves as an Assistant Professor in the Department of Higher Education, Government of J&K. She previously worked as Assistant Director in Economics and Statistics, Department of Planning, Monitoring and Development Department, Government of J&K before joining the Department of Higher Education.

Her expertise spans several areas of economic research, with particular focus on:

• Conflict Economics
• Financial Inclusion
• Developmental Economics

Academic Contributions

Ms. Ayoub has made significant contributions to academic research and publications. She has authored works on subjects including Governance, Conflict & Economic Warfare, and Economic Welfare. Her research portfolio demonstrates expertise in areas directly relevant to banking and financial services.

She supervises Post Graduate Research Dissertations at the Department of Economics, Cluster University Srinagar, and has actively participated in National and International Conferences. Her presentation topics have included:

• Response of Households to Conflict
• Financial Inclusion of Handicraftsmen in District Srinagar
• Rural Households of Kashmir & Financial Inclusion under PMJDY
• Healthcare Infrastructure in Kashmir Valley

Board Meeting Details

The Board meeting that approved this re-appointment was held on Tuesday, December 23, 2025. The meeting commenced at 11:00 A.M. and concluded at 08:05 P.M. The bank has confirmed that Ms. Shahla Ayoub is not debarred from holding the office of Director by any SEBI order or any other authority.

This re-appointment reflects the bank's confidence in Ms. Ayoub's expertise and her contribution to the Board's governance and strategic direction.

Jammu & Kashmir Bank (J&K Bank) has announced a significant move to bolster its capital base, with its Board of Directors approving a comprehensive capital raising plan totaling INR 1,250 crore. This strategic decision aims to strengthen the bank's financial position and support its growth initiatives.

Capital Raising Breakdown

The capital raising plan consists of two key components:

1. Equity Share Capital: The bank plans to raise up to INR 750 crore through a Qualified Institutional Placement (QIP).
2. TIER 2 Bonds: An additional INR 500 crore will be raised through Non-Convertible, Redeemable, Unsecured, BASEL III Compliant, TIER 2 bonds in the nature of debentures.

Implementation and Approvals

• The equity share capital raise will be executed in one or more tranches.
• Both initiatives are subject to shareholder approval and other necessary regulatory clearances.

Financial Context

To provide context for this capital raising initiative, let's look at some key financial metrics from J&K Bank's recent balance sheet:

The proposed capital raise of INR 1,250 crore represents a significant addition to the bank's existing capital base, potentially increasing its shareholders' capital by approximately 8.77% based on the most recent figures.

Potential Implications

This capital raising initiative could have several positive implications for J&K Bank:

1. Enhanced Capital Adequacy: The additional capital may help the bank meet regulatory requirements and improve its capital adequacy ratio.
2. Growth Support: The raised funds could be utilized to support the bank's expansion plans and lending activities.
3. Investor Confidence: A successful QIP might signal strong investor confidence in the bank's future prospects.

As the banking sector continues to evolve, J&K Bank's proactive approach to capital management demonstrates its commitment to maintaining a strong financial foundation and pursuing growth opportunities. Shareholders and potential investors will be keenly watching the execution of this capital raising plan and its impact on the bank's future performance.

Note: The implementation of this capital raising plan is contingent upon receiving the necessary approvals. Investors are advised to monitor official communications from the bank for further updates.