Outcome of Board 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/F3652/2026/168 Dated: 22nd 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:- REVIEWED FINANCIAL RESULTS (STANDALONE & CONSOLIDATED) OF THE BANK FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 Dear Sirs, Pursuant to Regulation 33 and 52 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Reviewed Financial Results of the Bank for the Quarter and Half Year ended 30th September, 2026. The Results were taken on record by the Board of Directors in their meeting held today i.e. 22nd October, 2026. The meeting commenced at 10:00 A.M. and the agenda item pertaining to the financial results was concluded at 01:00 P.M. The meeting is continuing to consider other items of business. 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 142/3 Trikuta Nagar, 2nd Floor, Corner Building, Opposite Hope Jammu-180012 Medicate, Ziyarat Batamaloo, Sl'inagaI'-190009 Dhar Tiku & Co. Gupta Sharma & Associates Chartered Accountants Chartered Accountants 2nd Floor, The Mall, SDA Complex, Ground Floor, 142 Sector 3, Court Road, Lal Chowk Trikuta Nagar, Srinagar - 190001 Jammu - 180012 Independent Auditors' Limited Review Report on the Unaudited Standalone Financial Results for the quarter and half year ended 30th September, 2026 of Jammu & Kashmir Bank Limited pursuant to Regulation 33 and 52 read with Regulations 63(2) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of Jammu & Kashmir Bank Limited l. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results ("the statement") of Jammu & Kashmir Bank Limited (lithe Bank") for the quarter and half year ended 30th September, 2026 attached herewith, being submitted by the bank pursuant to requirements of Regulations 33 and Regulation 52 read with Regulation 63(2) of SEEI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations, 2015") except for the disclosures relating to Pillar 3 disclosure as at September 30, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel IIICapital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. 2. The Statement, which is the responsibility of the Bank's Management and has been approved by the Board of Directors, has been prepared by the Bank's Management in accordance with the recognition and measurement principles laid down in Accounting Standard 25 " Interim financial Reporting" ("AS25") prescribed under Section 133 of the Companies Act, 2013 (the "Act"), 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 ("RBIguidelines") and other accounting principles generally accepted in India, and is in compliance with the presentation and disclosure requir,.@ffientsof Regulation 33 and Regulation 52 read with Regulation 63 (2) tI:3&Ass°Ct: .[JJ \PI"": g. t; of the Listing Regulations, 2015, including relevant circulars issued by the SEBf from time to time. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410- "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. Areview is limited primarily to inquiries of the Bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. Accordingly, we do not express an audit opinion. 4. These Unaudited Standalone Financial Results incorporate the relevant returns of 132 branches including 4 Impaired Assets Recovery Branches, treasury operations, credit card division and various returns of corporate office departments reviewed by us. In the conduct of our Review, wehave relied upon the review reports in respect of non-performing assets received from the concurrent auditors of 277 branches. These review reports cover 77.03% of the advances portfolio of the Bank (excluding the advances of outstanding food credit) including 54.09% advances, which have been covered by us, and 56.92% of the non-performing assets of the bank including 52.92% which have been covered by us, as at 30th September, 2026. Apart from these reports, in the conduct of our review, we have also considered various returns of the remaining 611 branches including 8 Impaired Assets Recovery Branches. The returns relating to advances portfolio, non-performing assets and provisions duly certified by various Branch managers of the bank are also incorporated in the financial results. Thereturns received from the Branches cover 22.97%ofthe advances portfolio of the bank and 43.08%of non-performing assets of the bank. 5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Unaudited Standalone Financial Results including notes thereon prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 (2)of the Listing Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant guidelines/prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters except for the disclosures relating to Pillar 3 as at 30th September, 2026 including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel III Capital Regulations, which have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement, and have not been reviewed by us. 6. The standalone financial results of Bank for the quarter and half year ended 30th September, 2025 were reviewed jointly by Gupta Gupta &Associates, JCR & Co. LLP And Dhar Tiku & Co., wherein these firms have issued their unmodified conclusion vide their report dated 18th October, 2025. The standalone financial results for the year ended 31st March, 2026 were jointly audited by us where we have issued our unmodified opinion vide our report dated 5th May, 2026. The standalone financial results of Bank for the previous quarter ended 30th June, 2026 were also jointly reviewed by us, where we have issued our unmodified conclusion vide our report dated 29th July, 2026. 7. Emphasis of Matter We draw attention to the following Notes to the Standalone & Consolidated (Reviewed) Financial Results: a) Note 18, regarding the change in the Bank's accounting policy, effective April 1, 2026, for recognition of expenditure and income relating to the purchase and sale of Priority Sector Lending Certificates (PSLCs) [Showing first 8,000 characters — download PDF for full document]