JKJammu & Kashmir Bank532209Routine director change

Non-Executive Non-Independent Director resigns, ceases to be a Director

Dr. Mandeep K Bhandari, IAS (DIN: 07310347), Non-Executive Non-Independent Director of Jammu and Kashmir Bank, has tendered his resignation due to his official engagements.

By ScoutQuest · Tue 13 Oct 2026, 12:50 PM IST · 2 min read

Designation

Non-Executive Non-Independent Director

DIN

07310347

Resignation Effective Date

October 13, 2026

What was announced

• Dr. Mandeep K Bhandari, IAS (DIN: 07310347), has resigned from the position of Non-Executive Non-Independent Director of the Bank.
• The resignation is with effect from October 13, 2026, and consequently he has ceased to be a Director of the Bank.

The reason stated

• The disclosure states the resignation is due to his official engagements.
• In his own letter to the Board, dated October 13, 2026, he writes that owing to his official commitments he tendered his resignation from the Board of Directors of the Bank, with immediate effect.
• The same letter records his appreciation to the Board, Management and his fellow Directors for their cooperation and support during his tenure, and conveys his best wishes to the Bank and its Management.

How it was communicated

• The Bank informed the stock exchanges under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The prescribed details under Regulation 30 read with Part A of Schedule III were enclosed along with the letter.
• The covering letter is signed by Mohammad Shafi Mir, Company Secretary, and is dated 13th October, 2026.
• The stated reason for the change, as recorded in the enclosed details, is the resignation of Dr. Mandeep K Bhandari, IAS as Non Executive Non Independent Director of the Bank on October 13, 2026 due to his official engagements, with the date of cessation given as October 13, 2026.

What kind of role this was

• The position is a Non-Executive Non-Independent Director — a board-level role, not an executive or operational position in the Bank's management.
• The update identifies him as an IAS officer.

How to read this

• This is a board composition change: one director has stepped down and the vacancy is a board seat.
• The stated reason is the director's own official engagements, which is a personal/official-commitment reason rather than a stated disagreement or a matter concerning the Bank's accounts or operations.
• Such announcements are typically read as a change in the board's composition, and the perception can vary — some investors treat a director's exit as a routine board change, others track it for any bearing on board continuity. The update itself states only the resignation, the reason and the effective date.

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