Jammu & Kashmir Bank Appoints Prafulla Chhajed as Independent Director

Srinagar, February 17, 2026 – Jammu & Kashmir Bank Limited (J&K Bank) has announced the appointment of Mr. Prafulla Premsukh Chhajed (DIN: 03544734) as an Additional Director in the category of Independent Directors on its Board. The appointment, approved by the Bank’s Board of Directors, will be effective from February 18, 2026, for a term of three years, subject to shareholder approval.

Mr. Chhajed brings over three decades of professional experience in public practice and corporate governance. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI), a CPA (Australia), holds an LL.B. and B.Com degree, and has certifications in Forensic Accounting, IT & Cyber Security, and Independent Directorship.

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He has previously served as President of ICAI (2019–20), Chairman of WIRC of ICAI (2007–08), and as an Independent Director on the Board of State Bank of India (2021–2024). At the international level, he has been President of the Confederation of Asian and Pacific Accountants (CAPA) and represented India in forums including committees of the International Federation of Accountants (IFAC), New York.

Currently, Mr. Chhajed serves as Chairperson of the Multi Commodity Exchange Clearing Corporation Limited and holds directorships in several listed and unlisted companies. His extensive board experience is expected to strengthen J&K Bank’s corporate governance, enterprise risk management, and regulatory compliance.

The Bank confirmed that Mr. Chhajed is not debarred from holding the office of Director by any SEBI order or any other authority.

This move aligns with J&K Bank’s ongoing commitment to enhancing its board expertise and governance framework as part of its strategic growth initiatives.