The Jammu & Kashmir Bank CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 21 Mar 2026, 16 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• Re-appointment of Ms. Shahla Ayoub (DIN: 09834993) as an Independent Director on the Board of the Bank

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director.
  • Axis Mutual Fund, Jio BlackRock Mutual FundMs. Shahla Ayoub, 38, is currently Assistant Professor in the Department of Higher Education at Government of J&K. She has previously worked as Assistant Director in Economics and Statistics, Department of Planning, Monitoring and Development Department, Government of J&K. She has been on the board since 26 December 2022. She attended 12 out of 15 board meetings in FY25 (80%) and 14 out of 15 board meetings in YTDFY26 (93%). We raise concern that Ms. Ayoub is currently an employee of the Government of J&K which is the promoter of the bank. Hence, we do not consider her to be an Independent Director. We believe the bank must appoint her as a Non-Executive Non-Independent Director. We do not support this resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern identified on the merit of proposed appointees. Non-Compliance w.r.t Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundNon-Compliance w.r.t Companies Act, 2013: Prior approval of the shareholders has not been obtained for her re-appointment as an Independent Director, rendering the proposed re-appointment non-compliant.

  6 for10 against
• Appointment of Mr. Prafulla Premsukh Chhajed (DIN: 03544734) as an Independent Director on the Board of the Bank

  16 for0 against

Mutual fund votes, meeting of 23 Nov 2025, 16 fund houses

• Appointment of Mr. Arun Gandotra (DIN: 08907929) as an Independent Director on the Board of the Bank

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: The proposed appointee is a former employee of the Bank.
  • Axis Mutual Fund, Jio BlackRock Mutual FundArun Gandotra, 64, retired from J&K Bank as Executive President on 31 August 2021 after almost 35 years of service. He has also served as a nominee director of the government on the board of Jammu & Kashmir and Ladakh Finance Corporation from September 2020 to September 2023. He holds an M. Phil in Zoology from Jammu University and is a CAIIB. He attended two (100%) board meetings held in FY26 till the date of notice. We note that Arun Gandotra was Executive President of J&K Bank from 1986 till 2021. We do not support the appointment of former executives who are on the board along with their previous supervisors (R. K. Chibber who was MD of the bank 10 June 2019 till 31 December 2021, is non-executive director) unless they have completed a cooling-off period of a minimum of five years. In Arun Gandotra’s case, the cooling-off period is less than five years. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: The proposed appointee is a former employee of the Bank.
  • Kotak Mahindra Mutual FundArun Gandotra, 64, retired from J&K Bank as Executive President on 31 August 2021 after almost 35 years of service. He has also served as a nominee director of the government on the board of Jammu & Kashmir and Ladakh Finance Corporation from September 2020 to September 2023. He attended two (100%) board meetings held in FY26 till the date of notice. Arun Gandotra was Executive President of J&K Bank from 1986 till 2021. As he was associated with the bank for such a long term at decision making position, his three years cooling period cannot be considered enough to be appointed as a Independent director. Considering governance concern, We do not support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  5 for11 against
• Fixation of Remuneration payable to Non-Executive (Part-Time) Chairman of the Bank

  16 for0 against

Mutual fund votes, meeting of 26 Aug 2025, 16 fund houses

• Adoption of Audited Standalone and Consolidated Financial Statements of the Bank for the year ended 31st March, 2025 along with the report of Board of Directors and Auditors thereon

  16 for0 against
• Declaration of Dividend on Equity Shares of the Bank

  16 for0 against
• Re-appointment of Dr. Pawan Kotwal, IAS (DIN: 02455728) as a Director of the Bank liable to retire by rotation

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Kotak Mahindra Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund

  • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Directors has consistently recorded Low Attendance in Board Meetings.
  • Axis Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual FundDr. Pawan Kotwal, 59, is an IAS Officer and Advisor to the Hon'ble Lieutenant Governor of UT Ladakh. He is a promoter nominee on the bank’s board since July 2023. He has attended 47% (7 out of 15) board meetings held in FY25 and 60% (3 out of 5) board meetings held in FY26 till the date of notice. Since joining the Board, his overall attendance stands at 50% (15 out of 30) board meetings. We expect directors to attend all board meetings: we have a threshold of 75% attendance of the board meetings in the three-years prior to re-appointment. Even though his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance. Hence, we do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern w.r.t the merits of the proposed appointment. Governance concern: Directors has consistently recorded Low Attendance in Board Meetings.
  • Kotak Mahindra Mutual FundDr. Pawan Kotwal, 59, is an IAS Officer and Advisor to the Hon'ble Lieutenant Governor of UT Ladakh. He is a promoter nominee on the bank s board since July 2023. He has attended 47% (7 out of 15) board meetings held in FY25. Since joining the Board, his overall attendance stands at 50% (15 out of 30) board meetings. Even though his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance. Hence, we do not support the resolution.
  • WhiteOak Capital Mutual FundDr. Pawan Kotwal, 59, is an IAS Officer and Advisor to the Hon'ble Lieutenant Governor of UT Ladakh. He has attended 47% (7 out of 15) board meetings held in FY25 and 60% (3 out of 5) board meetings held in FY26 till the date of notice. Since joining the Board, his overall attendance stands at 50% (15 out of 30) board meetings. We are unable to support the reappointment given his low attendance.

  4 for12 against
• Re-appointment of Dr. Mandeep K Bhandari, IAS (DIN: 07310347) as a Director of the Bank liable to retire by rotation

  ›Against Axis Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund

  • Axis Mutual Fund, Jio BlackRock Mutual Fund, Mahindra Manulife Mutual FundDr. Mandeep K Bhandari, 50, is an IAS Officer and Principal Secretary to Hon’ble Lieutenant Governor of UT of J&K. He is a promoter nominee on the bank’s board since October 2023. He has attended 53% (8 out of 15) board meetings held in FY25 and nil (0 out of 5) board meeting held in FY26 till the date of notice. Since joining the Board, his overall attendance stands at 42% (11 out of 26) board meetings. We expect directors to attend all board meetings: we have a threshold of 75% attendance of the board meetings in the three-years prior to re-appointment. Even while his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance. Hence, we do not support the resolution.
  • Nippon India Mutual FundProfile of the candidate
  • WhiteOak Capital Mutual FundDr. Mandeep K Bhandari, 50, is an IAS Officer and Principal Secretary to Hon’ble Lieutenant Governor of UT of J&K. He has attended 53% (8 out of 15) board meetings held in FY25 and nil (0 out of 5) board meeting held in FY26 till the date of notice. Since joining the Board, his overall attendance stands at 42% (11 out of 26) board meetings. We are unable to support the reappointment given his low attendance.

  11 for5 against
• Fixation of Remuneration to Statutory Auditors for the Financial Year 2025-2026

  16 for0 against
• To appoint M/s D K Pandoh & Associates as Secretarial Auditors of the Bank from fiscal 2025-26 to 2029-30

  16 for0 against

Mutual fund votes, meeting of 22 Jun 2025, 15 fund houses

• APPOINTMENT OF MR. SANKARASUBRAMANIAN KRISHNAN (DIN: 07261965) AS AN INDEPENDENT DIRECTOR ON THE BOARD OF THE BANK

  15 for0 against

Mutual fund votes, meeting of 19 Apr 2025, 16 fund houses

• REAPPOINTMENT OF MR. UMESH CHANDRA PANDEY (DIN: 01185085) AS AN INDEPENDENT DIRECTOR ON THE BOARD OF THE BANK FOR A FURTHER PERIOD OF ONE YEAR

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director. Governance concern: Appointment as an Independent Director for a period of only one year. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundNo concern identified on the merit of proposed appointees. Re-appointment is not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Governance concern: Appointment as an ID for a period of only one year. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25.
  • Nippon India Mutual FundPrior approval of shareholders not obtained.

  10 for6 against
• REAPPOINTMENT OF MR. ANIL KUMAR GOEL (DIN: 00672755) AS AN INDEPENDENT DIRECTOR ON THE BOARD OF THE BANK FOR A FURTHER PERIOD OF ONE YEAR

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director. Governance concern: Appointment as an Independent Director for a period of only one year. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundNo concern identified on the merit of proposed appointees. Re-appointment is not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Governance concern: Appointment as an ID for a period of only one year. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25.
  • Nippon India Mutual FundPrior approval of shareholders not obtained.

  10 for6 against
• REAPPOINTMENT OF MR. ANAND KUMAR (DIN: 03041018) AS AN INDEPENDENT DIRECTOR ON THE BOARD OF THE BANK FOR A FURTHER PERIOD OF THREE YEARS

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundNo concern identified on the merit of proposed appointees. Re-appointment is not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Transparency Concern: Non-disclosure of Board meeting attendance for FY 2024-25.
  • Nippon India Mutual FundPrior approval of shareholders not obtained.

  10 for6 against

Mutual fund votes, meeting of 17 Aug 2024, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Audited Financial Statements (standalone and consolidated) of the Bank for the Financial Year ended 31st March, 2024 including Balance Sheet as at 31st March, 2024 and the Profit & Loss Account for the Financial Year ended on that date, together with the Reports of the Board of Directors and Auditors and comments of the Comptroller and Auditor General of India thereonMoreLess

  13 for0 against
• To approve the payment of Final Dividend of 215% (i.e. Rs.2.15 per Equity Share of Face Value Re.1/-)

  13 for0 against
• To appoint a director in place of Mr. R K Chhibber (DIN: 08190084), who retires by rotation and being eligible, has offered himself for re-appointment

  13 for0 against
• To appoint a director in place of Mr. Sudhir Gupta (DIN: 09614492), who retires by rotation and being eligible, has offered himself for re-appointment

  13 for0 against
• To authorise the Board of Directors of the Bank to fix the remuneration of Auditors appointed by the Comptroller & Auditor General of India, in terms of provisions of Section 142 of the Companies Act, 2013, for the Financial Year 2024–2025MoreLess

  13 for0 against
• 6. Approval of Members to Pay Fixed Remuneration to Non-Executive Directors of the Bank

  11 for0 against