The Jammu & Kashmir Bank Limited has submitted its Statement of Deviation(s) or Variation(s) in the utilization of funds raised under Regulation 32 of SEBI (LODR) Regulations, 2015. The bank reported on its fund utilization for various preferential issues and QIPs conducted on March 20, 2017 (₹250 crore), June 7, 2017 (₹282 crore), March 31, 2020 (₹500 crore), September 16, 2021 (₹500 crore), September 24, 2021 (₹150 crore), April 1, 2022 (₹93.50 crore), March 21, 2023 (₹274.75 crore), and December 15, 2023 (₹750 crore).

For all these fund-raising events, the bank stated that there was no deviation or variation in the utilization of funds. The original object for raising these funds was to meet the needs of growing business, including long-term capital requirements for pursuing the bank's growth plans and to maintain the Capital Adequacy Ratio as per regulatory guidelines. The entire amount raised in each instance has been utilized towards these stated objectives, with no funds remaining unutilized or diverted. The report covers the quarter ended December 31, 2025.