Proceedings of 88th AGM of the Bank

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/F3652/2026/134 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: - PROCEEDINGS OF 88TH ANNUAL GENERAL MEETING OF THE BANK Dear Sirs, The 88th Annual General Meeting of the Members of the Jammu and Kashmir Bank Limited was held today i.e. Tuesday, September 22, 2026 at 11.00 A.M. (IST) at Sher-i-Kashmir International Conference Centre, Srinagar, J&K - 190001. We hereby submit the below mentioned documents: 1. Proceedings of the 88th Annual General Meeting as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. Disclosures under Schedule III of the SEBI Listing Regulations. This is for your information and appropriate dissemination. Thanking you Yours fa ithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary 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 PROCEEDINGS OF 88th ANNUAL GENERAL MEETING The 88th Annual General Meeting (AGM) of the Members of the Jammu and Kashmir Bank Limited (‘the Bank’) was held on Tuesday, 22nd September, 2026 at 11:00 A.M (IST) at Sher-i-Kashmir International Conference Centre, Srinagar, J&K - 190001. The meeting was chaired by Mr. Sankarasubramanian Krishnan, Chairman of the Board The Chairmen of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee were present at the meeting. Besides other top executives of the Bank, Mr. Ketan Kumar Joshi, Chief Financial Officer and Mr. Mohammad Shafi Mir, Company Secretary were present at the meeting. The representatives of Statutory Central Auditors and Secretarial Auditor also attended the meeting. The requisite quorum being present, Chairman called the meeting to order. Mr. Sankarasubramanian Krishnan addressed the Shareholders and welcomed them to the 88th Annual General Meeting of the Bank. He reflected on the Bank’s journey, its legacy and its continued commitment to serving the people and communities of Jammu & Kashmir and Ladakh. He highlighted the Bank’s financial and business milestones during the year, including the highest-ever annual profit of ₹2,363.47 crore, total business of ₹2,90,341 crore as at March 31, 2026, strengthened asset quality and capital adequacy of 16.55%, and the crossing of the ₹3 trillion business milestone during the first quarter of the current financial year. The Chairman emphasized that the Bank’s future growth would be guided by its core values of Trust, Tradition and Transformation, with focus on responsible growth, technology, customer service, governance, risk management, cybersecurity and operational resilience. He underlined the importance of the Bank’s role in enabling entrepreneurship and contributing to the economic and social transformation of the region. He placed on record his appreciation for the Board, MD & CEO, management and employees for their contribution, and acknowledged the guidance and support of the Reserve Bank of India, SEBI, stock exchanges, Government of India, Government of the Union Territory of Jammu & Kashmir and other stakeholders. He also expressed gratitude to the shareholders for their continued confidence and partnership. The Chairman stated that the Bank’s aspirations of achieving ₹5 trillion in business and ₹5,000 crore annual profit by 2030 should be pursued with a focus on building a stronger, more trusted, technologically capable, better governed and more relevant institution. He concluded by emphasising that the Bank’s legacy is a responsibility to be strengthened and passed forward and thanked the shareholders for their continued support. Thereafter, the Managing Director & CEO, Shri Amitava Chatterjee, addressed the shareholders. He stated that FY 2025–26 was significant as his first full year at the helm of the Bank and highlighted the Bank’s first Integrated Annual Report, which reflects its financial performance and its approach towards creating sustainable value through sound governance, responsible banking, prudent risk management, technological advancement and stakeholder engagement. He highlighted that, despite geopolitical uncertainties, market volatility and inflationary pressures, the Bank delivered a strong performance, recording an all-time high net profit of ₹2,363 crore, registering year-on-year growth of 13.5%. Total business grew by 13.6% to ₹2.90 lakh crore as at March 31, 2026, with deposits increasing by 11.30% to ₹1.65 lakh crore and gross advances growing by 16.8% to ₹1.25 lakh crore. The Bank crossed the historic milestone of ₹3 trillion in total business by June 2026. He further stated that the improvement in business was accompanied by sustained strengthening of asset quality, with Gross NPA improving from 3.37% to 2.50% and Net NPA from 0.79% to 0.64%. Operating expenditure declined by around 4%, while the Cost-to-Income ratio moderated to 56.18%. The Bank recorded Return on Assets of 1.37% and Return on Equity of 16.85%. The Capital Adequacy Ratio stood at 16.55%, with CET-1 at 13.54%, providing capacity for sustainable expansion and preparedness for the evolving regulatory environment. 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 The MD & CEO also emphasised the Bank’s focus on becoming future-ready through investments in digital platforms, data analytics, cybersecurity and process automation. Digital transactions grew to 94% during FY 2025–26. He stressed that cybersecurity, sound governance, regulatory compliance, disciplined risk management and customer-centricity would remain integral to the Bank’s growth strategy. He stated that, while preserving its nearly nine-decade legacy, the Bank remained committed to building an institution recognised for its strength, resilience, integrity and customer-centricity, while contributing to the economic advancement of Jammu & Kashmir and Ladakh and expanding its presence across the country. The aspiration, he stated, was to become the “Bank of Choice”, supported by investment in people and technology, enhanced customer experience and a culture of innovation and excellence. The MD & CEO placed on record his gratitude to the customers, shareholders, Directors, employees, Government of India, Government of Jammu & Kashmir, Administration of Ladakh, Reserve Bank of India and other regulatory institutions for their continued trust, guidance, cooperation and support. He concluded by reiterating the Bank’s commitment to safeguarding stakeholder trust through transparency, prudent management and performance that creates enduring value. Thereafter the Company Secretary of the Bank read out the Auditor’s Report, comments received from C&AG of India along with the response from the Bank and Secretarial Auditor’ Report and provided brief background of the business items to be transacted at the meeting. The shareholders present at the meeting were provided five minutes to complete their ballot paper and also write their queries on paper slips. Members were informed that voting results along with the Scrutinizer’s Report shall be placed on the website of the Bank and communicated to the Stock Exchanges and M/s Bigshare Services Private Limited within two working days from the conclusion of the meeting. There [Showing first 8,000 characters — download PDF for full document]