Shareholders meeting

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/F3652/2026/167 Date: 21st October, 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: - REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 – MINUTES OF ANNUAL GENERAL MEETING Dear Sirs, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith copy of the Minutes of 88th Annual General Meeting of the Bank held on 22nd September, 2026. This is for your information and appropriate dissemination. Yours faithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary ~/General Meeting Dat€dl2 12 1 0 19 1 2 10 12 161 PROCEEDINGSOF THE 88 ANNUAL GENERALMEETING OF THE SHAREHOLDERSOF THE JAMMU AND KASHMIRBANK LIMITED HELD ON TUESDAY, 22NDSEPTEMBER,2026 AT 1100 HOURSAT SHER-l-KASHMIR INTERNATIONAL CONFERENCECENTRE, SRINAGAR. PRESENT 1) Mr. SankarasubramanianKrishnan Part Time Non-ExecutiveChairman 2) Mr. Amitava Chatterjee ManagingDirector &:CEO 3) Mr. ShailendraKumar, lAS Government NomineeDirector 4) Mr. TsewangTharchin, IA&:AS Additional Director 5) Mr. Sanjiv Dayal RBINomineeDirector 6) Mr. R.K. Chhibber Director (ChairmanStakeholdersRelationshipCommittee) 7) Mr. AnandKumar Independent Director (ChairmanNominationandRemunerationCommittee) 8) Mr. SudhirGupta Executive Director 9) Ms.ShahlaAyoub Independent Director 10) Mr. Arun Gandotra Independent Director 11) Mr. Prafulla PremsukhChhajed Independent Director (ChairmanAudit Committee) 12) Mr. PravinRaghavendra Independent Director 298 Memberswere present in person, and 03 personswere present through proxy as per attendance register. Mr. MohammadShafiMir, CompanySecretary,Mr. KetanKumarJoshi, ChiefFinancialOfficer andMr. GhulamJeelani Reshi,Practicing CompanySecretary, Scrutinizer for the e-voting &: Poll Process,representatives of Statutory Central Auditors &:Secretarial Auditor were also present. Mr. SankarasubramanianKrishnan,Part Time Non-ExecutiveChairmanchaired the meeting. The Chairmanafter ascertaining the requisite quorum being present, called the meeting to order. The proceedingsof the meeting commencedat 11:00A.M. The requisite registers and documents required to be madeavailable statutorily during the Annual General Meeting, including the matters stated in the Notice, were kept open and accessiblefor inspection during the meeting. TheChairmanthen addressedthe shareholders.TheChairman,in hisaddress,welcomed the . shareholders, fellow Directors, colleagues and distinguished guests to the 88 Annual General Meeting and thanked the shareholdersfor their continued confidence in the Bank. Hestated that, while the MD&:CEOwould elaborate uponthe Bank'sfinancial performance andbusinessachievements, hisaddressfocusedonthe broader institutional journey andthe nature of the institution the Bankseeksto build for the future. Reflecting on the Bank's history and purpose, the Chairman observed that although the instruments of banking had undergone significant transformation since the Bank's establishment, its fundamental purpose of facilitating accessto finance and supporting BoardSecretariat, Corporate Headquarters Minutesofthe 88thAnnualGeneralMeetingDated:22ndSeptember,202611 ~/General Meeting Dat~dl2 1 2 1 19 1 2 1 12 161 eConomicopportunity remained unchanged. He emphasisedthat the Bank's heritage was I?~iltonlong-standingrelationships andtrust with customersandcommunities acrossJammu ft Kashmirand Ladakh, and that such heritage carried with it a responsibility to preserve what wasvaluable while continuing to transform with changingtimes. Referring to the Bank'sperformance during the year, the Chairmannoted the Bank'shighest ever annualprofit of ~2,363.47crore, total businessof ~2,90,341crore asat 31March2026, improvement in assetquality and capital adequacy, and the subsequentcrossingof the ~3 trillion businessmilestone in the first quarter of the current financial year. Heobservedthat these achievementsrepresented financial resilience andthat growth shouldbeaccompanied by corresponding strengthening of the institution. The Chairman highlighted the significant economic potential of Jammu &: Kashmir and Ladakh and emphasisedthe Bank's role in supporting entrepreneurship, economic activity and regional development. He stressed the importance of combining the Bank's local knowledgeandrelationships with technology, analytics, professionalprocesses,stronger risk management and accessto new markets. He also emphasisedthat digital transformation should make banking simpler, safer and more accessible while maintaining the human connection with customersandstrengthening cybersecurity, data protection andoperational resilience. Ongovernance, the Chairmanemphasisedthat growth must remain worthy of trust andthat effective governanceshould translate into better decisions, stronger controls and greater accountability. Henotedthe continued strengthening of risk management,internal controls, assurance,operational resilience and cyber preparedness,while stressingthat prevention, early detection, accountability and continuous improvement must remain permanent priorities. He further outlined the respective responsibilities of the Board and executive management, emphasisingthe Board's role in providing direction, oversight, challenge and stewardship. The Chairmanplaced on record hisappreciation for the leadership of the MD&: CEOandthe management team, aswell asthe dedication, resilience and professionalism of the Bank's employees. He also acknowledged the guidance and support of the RBI, SEBI, stock exchanges, Government of India, Government of the UnionTerritory of Jammu &: Kashmir, Ladakhandother institutional stakeholders. Concluding hisaddress,the Chairmanstated that the Bankhad reachedanimportant point in its history and referred to the aspiration of building a ~5trillion businessand achieving ~5,000crore annualprofit by2030.Heemphasised,however, that thesefinancial milestones should be accompanied by the building of an institution that is stronger, trusted, technologically capable, well governed and increasingly relevant to the communities it serves. Heunderscoredthe principle of stewardship and expressedthe hope that the Bank would be left stronger, more relevant and better positioned to serve its stakeholders and future generations. Thereafter, the Managing Director &: CEO, Mr. Amitava Chatterjee, addressed the shareholders. The MD&: CEOwelcomed the shareholders, BoardMembers, colleagues and distinguished gueststo the 88 AnnualGeneralMeeting andexpressedhisgratitude for the opportunity to lead the Bankthrough FY2025-26, hisfirst full year at the helm of the institution. Healso BoardSecretariat, Corporate Headquarters Minutesof the 88thAnnualGeneralMeetingDated:22 nd September,202612 ~d/Committee/General Meeting Dat~dl2 12 1 0 19 1 2 10 12 161 highlighted that the Bankwas presenting its first Integrated Annual Report, reflecting its e~deavour to present a comprehensive account of value creation encompassingfinancial performance, governance, responsible banking, risk management, technological advancement andstakeholder engagement. R~viewingthe Bank'sperformance during FY2025-26,the MD& CEOstated that despite the challenging external environment, the Bankmaintained its growth trajectory and delivered its fourth consecutive year of record profitability. The Bankrecorded an all-time high net profit of 't2,363 crore, registering year-on-year growth of 13.5%, while total business increased by 13.6%to 't2.90 lakh crore as at March 31, 2026. Depositsgrew b [Showing first 8,000 characters — download PDF for full document]