Srinagar, March 23, 2026: Jammu and Kashmir Bank Limited has announced that shareholders have approved all three resolutions proposed in its recent postal ballot, including the crucial plan to raise Tier I capital, with an overwhelming majority through remote e-voting.
The voting process, conducted in compliance with SEBI Listing Regulations, concluded on March 21, 2026, with results officially declared on March 23, 2026.
Key Resolutions Approved
1. Re-appointment of Indepconcludeent Director
Shareholders approved the re-appointment of Shahla Ayoub as an Indepconcludeent Director:
- Votes in favour: 97.07%
- Votes against: 2.93%
2. Appointment of Indepconcludeent Director
The appointment of Prafulla Premsukh Chhajed as an Indepconcludeent Director received near-unanimous backing:
- Votes in favour: 99.88%
- Votes against: 0.12%
3. Tier I Capital Raising Plan
A key strategic resolution to strengthen the bank’s capital base was also approved:
- Votes in favour: 97.12%
- Votes against: 2.88%
Leave a Reply