The Jammu & Kashmir Bank Limited has submitted its Statement of Deviation(s) or Variation(s) in utilisation of funds raised, pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015, for the quarter ended March 31, 2025.

The report covers funds raised through:

• Preferential Issue of ₹250 crore on 20-03-2017
• Preferential Issue of ₹282 crore on 07-06-2017
• Preferential Issue of ₹500 crore on 31-03-2020
• Preferential Issue of ₹500 crore on 16-09-2021
• ESPS of ₹150 crore on 24-09-2021
• QIP of ₹93.50 crore on 01-04-2022
• ESPS of ₹274.75 crore on 21-03-2023
• QIP of ₹750 crore on 15-12-2023

The total amount raised across these instances is approximately ₹2800.25 crore.

For the quarter ended March 31, 2025, the bank has reported that there is no deviation or variation in the utilisation of these funds from the original stated objects, which were primarily to meet the needs of growing business, including long-term capital requirements for growth plans, and to maintain the Capital Adequacy Ratio as per RBI guidelines.