Statement of Deviation & Variation

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/F3652/2026/087 Date: 29th July, 2026 National Stock Exchange of India Ltd 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: - STATEMENT OF DEVIATION(S) OR VARIATION(S) UNDER REGULATION 32 OF SEBI (LODR) REGULATIONS, 2015 Dear Sirs, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we are enclosing herewith Statement of Deviation(s)/Variation(s) in utilisation of funds raised by the Bank. This is for your information and appropriate dissemination. Thanking you Yours f aithfully 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 Statement of Deviation / Variation in utilisation of funds raised Name of listed entity Jammu and Kashmir Bank Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 20-03-2017 Amount Raised Rs. 250 crores Report filed for Quarter ended June 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review NIL Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has To meet the needs of growing business including long term capital been a deviation, in the following table requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. Further, there is no deviation or variation in the object of raised capital Original Object Modified Original Modified Funds Utilised Amount of Remarks if any Object, if any Allocation allocation, if Deviation/Variation for any the quarter according to applicable object To meet the None Rs. 250 crores 0 Rs. 250 crores 0 NA needs of growing business including long term capital requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. 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 Statement of Deviation / Variation in utilisation of funds raised Name of listed entity Jammu and Kashmir Bank Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 07-06-2017 Amount Raised Rs. 282 crores Report filed for Quarter ended June 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review NIL Comments of the auditors, if any NIL Objects for which funds have been raised and where there has To meet the needs of growing business including long term capital been a deviation, in the following table requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. Further, there is no deviation or variation in the object of raised capital Original Object Modified Original Modified Funds Utilised Amount of Remarks if any Object, if any Allocation allocation, if Deviation/Variation for any the quarter according to applicable object To meet the None Rs. 282 crores 0 Rs. 282 crores 0 NA needs of growing business including long term capital requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. 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 Statement of Deviation / Variation in utilisation of funds raised Name of listed entity Jammu and Kashmir Bank Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 31-03-2020 Amount Raised Rs. 500 Crores Report filed for Quarter ended June 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review NIL Comments of the auditors, if any NIL Objects for which funds have been raised and where there has To meet the needs of growing business including long term capital been a deviation, in the following table requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. Further, there is no deviation for the object for which the funds have been raised. Original Object Modified Original Modified Funds Utilised Amount of Remarks if any Object, if any Allocation allocation, if Deviation/Variation for any the quarter according to applicable object To meet the None Rs. 500 Crores 0 Rs. 500 Crores 0 NA needs of growing business including long term capital requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank of India. 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 Statement of Deviation / Variation in utilisation of funds raised Name of listed entity Jammu and Kashmir Bank Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 16-09-2021 Amount Raised Rs. 500 crores Report filed for Quarter ended June 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review NIL Comments of the auditors, if any NIL Objects for which funds have been raised and where there has To meet the needs of growing business including long term capital been a deviation, in the following table requirements for perusing Bank’s growth plans and to maintain the Capital Adequacy Ratio as per the regulatory guidelines/norms laid down by the Reserve Bank o [Showing first 8,000 characters — download PDF for full document]