The Jammu & Kashmir Bank Limited — Others, 05-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Jammu and Kashmir Bank Limited has confirmed that funds totaling Rs. 3,300.75 Cr raised since 2017 through preferential issues, ESPS, and QIPs have been fully utilized as planned, supporting growth and maintaining capital adequacy. There have been no deviations or concerns from the Audit Committee or auditors. This disciplined capital management aligns with the bank’s strategy for sustained business expansion and maintaining regulatory capital levels, reinforcing confidence in its financial governance and long-term planning.