FINANCIAL RESULTS

Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat Ref:-JKB/BS/F3652/2026/132 Date: 22nd September, 2026 National Stock Exchange of India Limited The BSE Limited Exchange Plaza 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1 G-Block Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E) Mumbai – 400 051 Scrip Code:532209 Symbol: J&KBANK SUB:- FINANCIAL RESULTS OF THE BANK AUDITED BY COMPTROLLER & AUDITOR GENERAL OF INDIA FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 (STANDALONE & CONSOLIDATED) Dear Sirs, Pursuant to Regulation 33 and Regulation 52 read with the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith copy of the Financial Results (Consolidated and Standalone) of the Bank audited by Comptroller and Auditor General of India for the Financial Year ended 31st March, 2026. This is for your information and appropriate dissemination. Thanking you Yours f aithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary Gupta Gupta & Associates LLP, J C R & Co. LLP, Chartered Accountants, Chartered Accountants, 142/3Trikuta Nagar, 2nd Floor, Corner Building, Jammu-180012 Opposite HopeMedicate, Ziyarat Batamaloo, Srinagar-190009 Dhar Tiku & Co" Gupta Sharma & Associates, Chartered Accountants, Chartered Accountants, 2nd Floor,"The Mall"SDAComplex, Ground Floor, 142Sector 3, Court Road, LalChowk Trikuta Nagar, Srinagar - 190001 Jammu - 180012 Independent Auditor's Report on Standalone Financial Results for the year ended March 31, 2026 of Jammu & Kashmir Bank Limited pursuant to Regulation 33and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors Jammu & Kashmir Bank Limited Report on the Audit of the Standalone Financial Results Opinion 1, We have audited the accompanying Standalone Financial Results of Jammu & Kashmir Bank Limited ("the Bank")forthe quarter andyear ended March 31,2026, the Standalone Statement ofAssets andLiabilities as onthatdate andtheStandalone Statement ofCashFlowsfortheyear endedonthatdate, which areincluded in the accompanying 'Standalone Financial Results for the quarter and year ended March 31, 2026 (the "Standalone Financial Results"), being submitted bythe Bank pursuant to the requirement of Regulation 33 and Regulation 52readwith Regulation 63(2) ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"), except for the disclosures related to Pillar 3 disclosures asatMarch31,2026, including Leverage Ratio, Liquidity Coverage RatioandNetStable Funding Ratio(NSFR) under Basel IIICapital Regulations issued byReserve Bankof Indiaasdisclosed onthe Bank's website and inrespect of which a link has been provided inthe aforesaid Statement (Note No,9) and which have notbeenaudited byus, The Statement includes returnsforthe year ended onthat date of: a)the HeadOffice, 2Zonal offices, IBRDepartment and 84branches audited byus;and b)956 branches/offices audited bythe respective statutory branch auditors, The appointment inrespectof branches audited byusandthose audited byother auditors was made bythe Comptroller andAuditor General of India, 2, Inouropinion andtothe bestofour information andaccording totheexplanations given tous,the Standalone Financial Results: (i) arepresented inaccordance withthe requirements of Regulation 33andRegulation 52readwith Regulation 63(2)oftheListingRegulations exceptforthedisclosures relatingtoPillar3disclosures asatMarch31,2026 including Leverage Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio (NSFR) under Basel III Capital Regulation as have been disclosed on the Bank's website and in respect of which a link has been provided inthe aforesaid Statement (Note no.s) andwhich have notbeenaudited byus;and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the rl applicable accounting standards prescribed under Section 133of the Companies Act, 2013 (the"Act") read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('RBI') from time to time ("RBI Guidelines") and other accounting principles generally accepted in India, of the net profit and other financial information for the quarter and year ended March 31,2026. Basis for Opinion 3. Weconducted ouraudit inaccordance with the Standards onAuditing (SAs) specified under Section 143(10) oftheActandotherapplicable authoritative pronouncements issued bythe InstituteofCharteredAccountants of India ("ICAI"). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities fortheAuditofthe Standalone Financial Results'sectionofourreport.Weareindependent of the Bank inaccordance withthe CodeofEthics issued bythe ICAItogether with theethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, andwe havefulfilled ourother ethical responsibilities inaccordance withthese requirements and theCodeofEthics.Webelievethattheauditevidence wehaveobtained issufficient andappropriate toprovide abasisforouropinion. Emphasis of Matter 4. Wedraw attentionto: a) Notes no. 25(a) and25(b) regardingthe Bank's investment ofRs.345.92crores initsassociate, Jammu & Kashmir Grameen Bank, pursuant to amalgamation, and the provision for impairment of Rs. 228.65 crores recognised based on valuation by an independent registered valuer in accordance with RBI Directions, 2025. b) Note no. 34 regarding transfer of Rs. 23.94 Crores from General Reserve to Statutory Reserve consequent tothefinal comments ofthe Comptroller &Auditor Generalof India(C&AG)forthefinancial year ended March 31, 2025, to take care of the prior period appropriation of Rs. 95.76 crore from Revaluation ReservetoGeneral Reserve pertainingtothefinancial years2017-18 to2022-23. c) Note no. 36 regarding recovery ofthe prior period interest paidtothe beneficiaries underthe Ladli Beti Schemeonavaluedated basisbycorresponding debittotheInterestexpenseandbookingofthebalance amount ofRs.46.08 crores againstthisexpense asRecoverable from Government. d) Note no. 39 relating to recognition of Deferred Tax Asset (DTA) on the excess provision for bad and doubtful debts created over and above the limit prescribed under section36(1)(viia) of the Income Tax Act, 1961basedonthe presumption thatinfuture thewrite-off ofbadanddoubtful debtswillbeadjusted against suchprovision inaccordance withSection36(2)(v) readwithSection 36(1)(vii)ofthe IncomeTax Act, 1961. Ourconclusion isnotmodified inrespectofthese matters. Board of Directors' Responsibilities for the Standalone Financial Results 5. These Standalone Financial Results have been compiled from the audited annual standalone financial statements. The Bank's Board of Directors are responsible for the preparation ofthese Standalone Financial Resultsthatgiveatrueandfairviewofthenetprofitandotherfinancial information, theStandalone Statement ofAssets and Liabilities andthe Standalone Statement of Cashflows inaccordance with the recognition and measurement principles laiddown inAccounting Standards prescribed underSection 133oftheAct readwith relevant rules issued thereunder, the RBI Guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations. Thisresponsibility alsoincludes maintenance ofadequate accounting records inaccordance with theprovisionsoftheBankingRegulationAct, 1949forsafeguarding oftheassetsoftheBankandforpr [Showing first 8,000 characters — download PDF for full document]