J&K Bank Postal Ballot 2026: Board Appointments & ₹750 Cr Capital Raise

New Delhi, February 19, 2026 – Jammu & Kashmir Bank Limited (J&K Bank) has issued a Postal Ballot Notice to its shareholders for approval of several important resolutions via remote e-voting. The e-voting period begins Friday, February 20, 2026 at 9:00 AM IST and concludes Saturday, March 21, 2026 at 5:00 PM IST. Results will be announced by Tuesday, March 24, 2026 on the Bank’s website and communicated to stock exchanges.

Resolutions Proposed for Shareholder Approval

1. Re-appointment of Ms. Shahla Ayoub as Independent Director

Ms. Shahla Ayoub (DIN: 09834993) was appointed as an Additional Independent Director on December 26, 2025. Shareholders are requested to approve her re-appointment for a three-year term from December 26, 2025 to December 25, 2028. She will not be liable to retire by rotation.

2. Appointment of Mr. Prafulla Premsukh Chhajed as Independent Director

Mr. Prafulla Premsukh Chhajed (DIN: 03544734) joined as an Additional Independent Director on February 18, 2026. Shareholders are asked to approve his three-year term from February 18, 2026 to February 17, 2029, also not liable to retire by rotation.

3. Raising of Tier I Capital via Qualified Institutional Placement

To strengthen its capital position under Basel III regulations and maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of 17.5%, the Bank seeks shareholder approval to raise up to ₹750 crore through equity shares or other permitted securities.

The issuance may target:

Qualified Institutional Buyers (QIBs)
Non-Resident Indians (NRIs)
Banks, Mutual Funds, Financial Institutions, Insurance Companies, and other approved investors

The Board is authorized to determine pricing, allocation, and terms, in compliance with SEBI, RBI, and other applicable laws.

Voting and Participation Details

Voting Mode: Remote e-voting only (no physical ballot forms)
Eligible Members: Shareholders as of February 13, 2026 (cut-off date)
E-Voting Platform: NSDL e-Voting
Scrutinizer: CA Arshad Hussain Mir (FCA: 521477)

Shareholders can register/update email addresses and receive credentials for e-voting via the Bank’s RTA, currently KFin Technologies Limited, until February 28, 2026. From March 1, 2026, the new RTA will be M/s Bigshare Services Private Limited (Mumbai).

For assistance with remote e-voting, shareholders can contact:

NSDL Helpdesk: 022-4886 7000 / evoting@nsdl.com
CDSL Helpdesk: 1800-21-09911 / helpdesk.evoting@cdslindia.com